secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2026-08-13T20:59:05+00:00
Accession:  0000861459-26-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000036/0000861459-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000036/gva-20260811.htm
  HTML page:      https://secwatch.observer/filing/0000861459-26-000036

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