secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2026-08-04T10:45:30+00:00
Accession:  0000861459-26-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction enters unwind agreements for capped calls on $273.7M convertible notes due 2028
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- Entered Unwind Agreements on Aug 4, 2026 to terminate capped call transactions linked to 3.75% Convertible Senior Notes due 2028.
- Capped Call Counterparties will pay cash based on VWAP of common stock over 5-day averaging period starting Aug 4.
- Settlement of Unwind Agreements expected Aug 11; proceeds used with cash on hand to settle note conversions on Aug 12.
- Notes were called for redemption on May 19, 2026; aggregate principal $273.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000032/0000861459-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000032/gva-20260804.htm
  HTML page:      https://secwatch.observer/filing/0000861459-26-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer