The following table summarizes our convertible notes as of March 31, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Issuance Date | | Principal (in millions) | | Coupon Interest | | Maturity | | Conversion price | | Carrying Value (in millions) | | Effective Interest Rate | 2028 Convertible Notes | 2/20/2025 | | $ | 700.0 | | | 2.25 | % | | 7/15/2028 | | $ | 61.06 | | | $ | 688.9 | | | 2.97 | % | 2029 Convertible Notes | 2/27/2024 | | $ | 1,725.0 | | | 3.50 | % | | 3/1/2029 | | $ | 83.44 | | | $ | 1,707.8 | | | 3.86 | % | 2030 Convertible Notes | 6/23/2025 | | $ | 2,300.0 | | | 0.00 | % | | 6/15/2030 | | $ | 55.20 | | | $ | 2,262.7 | | | 0.39 | % |
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