Glaukos partially unwinds capped calls on 2027 convertible notes; receives cash based on VWAP

GLAUKOS Corp

Entered into unwind agreements for 50% of capped call transactions associated with $287.5M 2.75% convertible notes due 2027.
Cash settlement amount determined by VWAP of common stock over averaging period starting Dec 3, 2024.
Early termination of portion of capped calls reduces dilution protection but provides immediate cash to Glaukos.
Unwind agreements executed Dec 2, 2024 with multiple financial institution counterparties.

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