Glaukos Unwinds Part of Capped Call Transactions Tied to 2027 Convertible Notes
Glaukos entered into agreements on December 2, 2024 to early terminate a portion of capped call transactions linked to its $287.5 million 2.75% Convertible Senior Notes due 2027. The counterparties will pay the company a cash amount based on the average share price over an averaging period starting December 3, 2024, and the filing gives no figure for that amount.
Key points
- Unwind covers capped calls for 50% of the shares underlying the Notes.
- Notes have an aggregate principal amount of $287.5 million and a 2.75% coupon, due 2027.
- Cash settlement amount depends on the volume-weighted average share price during an averaging period starting December 3, 2024.
- Form of Capped Call Unwind Agreement filed as Exhibit 10.1.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 03, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.