{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-155487","form_type":"8-K","ticker":"ZS","cik":"0001713683","company_name":"Zscaler, Inc.","filed_at":"2025-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.756380+00:00","generated_at":"2026-05-18T09:28:09.066096+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Zscaler prices $1.725B zero-coupon convertible notes; conversion premium 40% at $439.52","bullets":["Issued $1.725B aggregate principal amount of 0.00% Convertible Senior Notes due 2028.","Conversion rate is 2.2752 shares per $1,000 principal; initial conversion price ~$439.52 (40% premium).","Net proceeds ~$1.70B; used $197M for capped calls; remainder for general corporate purposes, including M&A.","Capped call transactions entered to reduce dilution; cap price $784.85/share (150% premium).","Notes mature July 15, 2028; no regular interest; convertible under certain conditions; not redeemable by Zscaler."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-155487","json":"https://secwatch.observer/filing/0001193125-25-155487.json","markdown":"https://secwatch.observer/filing/0001193125-25-155487.md","text":"https://secwatch.observer/filing/0001193125-25-155487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1713683/000119312525155487/0001193125-25-155487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1713683/000119312525155487/d857852d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:28:09.066096+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5bd991228e7e6d4f10955c97c2f4d8f840e3439f","claim":"Zscaler, Inc. incurred convertible notes of $1.725 billion with U.S. Bank Trust Company, National Association at 0.00% maturing July 15, 2028.","evidence_excerpt":"issued an aggregate of $1.725 billion principal amount of its 0.00% Convertible Senior Notes due 2028","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1713683/000119312525155487/0001193125-25-155487-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1.725 billion"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0.00%"},{"label":"Maturity","value":"July 15, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}