---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-259803"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:48:50.766631+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Upstart issues $500M of 1.00% convertible notes due 2030, net proceeds ~$488M

## Summary
- Issued $500M aggregate principal amount (including full exercise of $75M greenshoe) of 1.00% Convertible Senior Notes due 2030.
- Initial conversion price approximately $91.99 per share, representing a ~32.5% premium to last sale price of $69.43.
- Net proceeds of ~$488.1M after discounts and expenses, to be used for general corporate purposes including debt repayment.
- Notes mature Nov 15, 2030; Upstart may redeem after Nov 20, 2027 subject to stock price condition (130% of conversion price).
- Notes are senior unsecured, convertible at holder's option under specified conditions; settlement in cash, stock, or combination.

## SEC filing metadata
- accession: 0001193125-24-259803
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000119312524259803/0001193125-24-259803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000119312524259803/d915028d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-259803
- JSON: https://secwatch.observer/filing/0001193125-24-259803.json
- Plain text: https://secwatch.observer/filing/0001193125-24-259803.txt

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