Granite Construction issues 662,383 unregistered shares to settle $273.7 million of 3.75% convertible notes due 2028

GVA•2026-08-13

Share issuance settles convertible note conversions

Granite Construction issued 662,383 common shares on Aug. 12, 2026 in an unregistered exchange tied to conversions of its 3.75% Convertible Senior Notes due 2028.

The stock issuance settled conversions of $273.7 million principal of the notes under the Securities Act Section 3(a)(9) exemption.

Cash settlement totaled about $715 million, partly funded by about $148 million received from terminating related capped call transactions.

Sources

Granite Construction issues 662,383 unregistered shares to settle $273.7 million of 3.75% convertible notes due 2028

Sec

Granite Construction issues 662,383 unregistered shares to settle $273.7 million of 3.75% convertible notes due 2028

Share issuance settles convertible note conversions

Related News

Oncotelic net loss widens to $1.9 million in Q2 FY26; revenue totals $250,000

WESCO director Laura K. Thompson sells 270 common shares for $99,482.50

Aethlon Medical Q1 operating expenses fall on lower professional fees

Sources

Granite Construction issues 662,383 unregistered shares to settle $273.7 million of 3.75% convertible notes due 2028

Constellation Energy director Roger W. Crandall buys 1,500 shares worth $417,931

Okta files Form 3 for Chief Legal Officer Morgan Scott