NYSE: GVA GRANITE CONSTRUCTION INC 8-K

Granite extends convertible notes observation period to Aug 10 after market disruption events

Filed July 10, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

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Called $273.3M of 3.75% convertible notes due 2028 for redemption on Aug 10, 2026; holders can convert before Aug 6, with settlement in cash up to $2,617.40 per $1,000 principal plus stock for any excess conversion value

Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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Market disruption events on July 9-10, 2026 excluded those days from the 50-trading-day observation period that began May 27, extending the period's end date from an earlier date to Aug 10, 2026

Item 7.01 — Regulation FD Disclosure verify on EDGAR →

Summary

Granite Construction disclosed that market disruption events occurred on July 9 and July 10, 2026, extending the observation period used to calculate the settlement value of its convertible notes. The company had called $273.3 million of its 3.75% Convertible Senior Notes due 2028 for redemption on August 10, 2026, with holders able to convert before August 6. The 50-consecutive-trading-day observation period that began May 27, 2026 will now run through August 10, 2026, excluding the two disrupted days.

For retail holders, the extension means the conversion value calculation incorporates a longer window of stock price observations, potentially affecting the number of shares issued to converting noteholders. Granite will settle conversions using combination settlement: cash up to $2,617.40 per $1,000 principal amount, with any excess conversion value paid in common stock. The market disruption events themselves are procedural exclusions under the indenture terms rather than company-specific issues.