secwatch.observer — SEC 8-K summary
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Issuer:     Zscaler, Inc. (ZS)
CIK:        0001713683
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001193125-25-155487
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zscaler prices $1.725B zero-coupon convertible notes; conversion premium 40% at $439.52
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713683/000119312525155487/0001193125-25-155487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713683/000119312525155487/d857852d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-155487

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