Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Granite Construction (GVA)

Granite Construction unwinds capped calls linked to $273.7 million 2028 notes

Neutral Impact 2 of 5 financing Written later

Granite Construction entered unwind agreements on August 4, 2026, to terminate in full the capped call transactions tied to its 3.75% Convertible Senior Notes due 2028, which it had called for redemption. The counterparties will pay cash based on the company's share price over a five-day period starting August 4, 2026, but the filing does not state an amount. The company expects to use the proceeds with cash on hand to settle note conversions on August 12, 2026.

Key points

  • Unwind agreements signed August 4, 2026, with certain financial institutions (Capped Call Counterparties)
  • Cash settlement amounts will be based on the volume-weighted average share price over a five-day period beginning August 4, 2026; no amount is stated
  • Settlement expected on or about August 11, 2026; note conversions expected to be settled August 12, 2026
  • Underlying notes: $273.7 million aggregate principal of 3.75% Convertible Senior Notes due 2028, called for redemption as previously disclosed on May 19, 2026

The filing

CompanyGranite Construction (GVA)
Form8-K, current report
Filed with the SECAug 4, 2026, 6:45 AM ET
Accession number0000861459-26-000032

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.