---
schema_version: "secwatch.filing_event.v1"
accession: "0000861459-26-000036"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2026-08-13T20:59:05+00:00"
generated_at: "2026-08-13T21:00:06.897577+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Granite Construction settles $273.7M convertible notes; issues 662,383 shares, pays $715M cash

## Summary
- Issued 662,383 shares to settle conversions of $273.7M 3.75% Convertible Senior Notes due 2028.
- Received ~$148M from capped call unwind agreements with financial institutions on Aug 11, 2026.
- Paid ~$715M cash (including fractional shares) on Aug 12, 2026 to settle redemption obligations.
- Notes were called for redemption on Aug 10, 2026; shares issued under Section 3(a)(9) exemption.
- Cash payment funded in part by $148M capped call unwind proceeds; no new debt incurred.

## SEC filing metadata
- accession: 0000861459-26-000036
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2026-08-13T20:59:05+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000086145926000036/0000861459-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000086145926000036/gva-20260811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000861459-26-000036
- JSON: https://secwatch.observer/filing/0000861459-26-000036.json
- Plain text: https://secwatch.observer/filing/0000861459-26-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.