{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-252733","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2021-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.006114+00:00","generated_at":"2026-06-29T08:40:13.473451+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upstart issues $661.25M of 0.25% convertible notes due 2026, net proceeds $645.5M","bullets":["Issued $661.25M aggregate principal of 0.25% Convertible Senior Notes due 2026; net proceeds $645.5M.","Initial conversion rate 3.5056 shares per $1,000 principal; conversion price ~$285.26 (42.5% premium to $200.18 stock price).","Used $58.5M of proceeds to buy capped calls with strike $285.26 and cap $400.36, covering ~2.3M shares to reduce dilution.","Notes mature Aug 15, 2026; interest semi-annual; redeemable after Aug 20, 2024 at 130% of conversion price trigger.","Offering to QIBs under Rule 144A; initial purchasers exercised in full option for additional $86.25M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-252733","json":"https://secwatch.observer/filing/0001193125-21-252733.json","markdown":"https://secwatch.observer/filing/0001193125-21-252733.md","text":"https://secwatch.observer/filing/0001193125-21-252733.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000119312521252733/0001193125-21-252733-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000119312521252733/d210411d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T08:40:13.473451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}