Short answer
GRANITE CONSTRUCTION INC (GVA) filed an 8-K current report with the SEC on August 13, 2026 reporting Item 3.02 (Unregistered Sales of Equity Securities), Item 8.01 (Other Events). Granite issued 662,383 common shares to settle conversions of $273.7 million principal amount of 3.75% convertible notes.
GRANITE CONSTRUCTION INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 3.02 · Unregistered Sales of Equity Securities
- Granite issued 662,383 common shares to settle conversions of $273.7 million principal amount of 3.75% convertible notes
- Debt conversions reduce outstanding 2028 Notes and future interest obligations
- Transaction increases shares outstanding, creating dilution for existing shareholders
- Shares issued under the Section 3(a)(9) exemption without SEC registration
Item 8.01 · Other Events
- $273.7M 2028 Notes redemption completed August 12, 2026
- $148M received from terminating related capped-call transactions
- Approximately $715M cash paid to settle converted notes
- 662,383 common shares issued, creating modest equity dilution
- Capped-call proceeds partially funded the redemption, reducing net cash outflow for Granite Construction
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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