{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-222101","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2024-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.949689+00:00","generated_at":"2026-05-31T03:38:34.118029+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upstart issues $431.25M 2% convertible senior notes due 2029; buys back $334.2M of 0.25% notes","bullets":["Issued $431.25M of 2.00% Convertible Senior Notes due 2029; net proceeds ~$420.9M after discounts and expenses.","Used ~$302.5M of proceeds to repurchase $334.2M aggregate principal of outstanding 0.25% Convertible Senior Notes due 2026.","Initial conversion price ~$45.66/share (21.9029 shares per $1,000), a 30% premium to Sept 16, 2024 closing price of $35.12.","Entered capped call transactions covering ~9.4M shares of common stock with cap price of $70.24 to offset potential dilution.","Notes are senior unsecured, redeemable by company after Oct 6, 2027 if stock price exceeds 130% of conversion price."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-222101","json":"https://secwatch.observer/filing/0001193125-24-222101.json","markdown":"https://secwatch.observer/filing/0001193125-24-222101.md","text":"https://secwatch.observer/filing/0001193125-24-222101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000119312524222101/0001193125-24-222101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000119312524222101/d892536d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:38:34.118029+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"}