secwatch.observer — SEC 8-K summary
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Issuer:     GLAUKOS Corp (GKOS)
CIK:        0001192448
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001558370-24-015973
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1192448/000155837024015973/0001558370-24-015973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1192448/000155837024015973/gkos-20241202x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015973

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer