diff --git a/indexer/packages/v4-protos/src/codegen/dydxprotocol/clob/matches.ts b/indexer/packages/v4-protos/src/codegen/dydxprotocol/clob/matches.ts
index cddbd1873d..462654af4e 100644
--- a/indexer/packages/v4-protos/src/codegen/dydxprotocol/clob/matches.ts
+++ b/indexer/packages/v4-protos/src/codegen/dydxprotocol/clob/matches.ts
@@ -131,7 +131,8 @@ export interface MatchPerpetualDeleveraging {
   /**
    * Flag denoting whether the deleveraging operation was for the purpose
    * of final settlement. Final settlement matches are at the oracle price,
-   * whereas deleveraging normally happens at the bankruptcy price.bool
+   * whereas deleveraging happens at the bankruptcy price of the deleveraged
+   * subaccount.
    */
 
   isFinalSettlement: boolean;
@@ -153,7 +154,8 @@ export interface MatchPerpetualDeleveragingSDKType {
   /**
    * Flag denoting whether the deleveraging operation was for the purpose
    * of final settlement. Final settlement matches are at the oracle price,
-   * whereas deleveraging normally happens at the bankruptcy price.bool
+   * whereas deleveraging happens at the bankruptcy price of the deleveraged
+   * subaccount.
    */
 
   is_final_settlement: boolean;
diff --git a/indexer/packages/v4-protos/src/codegen/dydxprotocol/indexer/events/events.ts b/indexer/packages/v4-protos/src/codegen/dydxprotocol/indexer/events/events.ts
index dd483e2b64..4665d3fbc6 100644
--- a/indexer/packages/v4-protos/src/codegen/dydxprotocol/indexer/events/events.ts
+++ b/indexer/packages/v4-protos/src/codegen/dydxprotocol/indexer/events/events.ts
@@ -465,7 +465,7 @@ export interface DeleveragingEventV1 {
    */
 
   fillAmount: Long;
-  /** Bankruptcy price of liquidated subaccount, in USDC quote quantums. */
+  /** Fill price of deleveraging event, in USDC quote quantums. */
 
   price: Long;
   /** `true` if liquidating a short position, `false` otherwise. */
@@ -474,6 +474,8 @@ export interface DeleveragingEventV1 {
   /**
    * `true` if the deleveraging event is for final settlement, indicating
    * the match occurred at the oracle price rather than bankruptcy price.
+   * When this flag is `false`, the fill price is the bankruptcy price
+   * of the liquidated subaccount.
    */
 
   isFinalSettlement: boolean;
@@ -499,7 +501,7 @@ export interface DeleveragingEventV1SDKType {
    */
 
   fill_amount: Long;
-  /** Bankruptcy price of liquidated subaccount, in USDC quote quantums. */
+  /** Fill price of deleveraging event, in USDC quote quantums. */
 
   price: Long;
   /** `true` if liquidating a short position, `false` otherwise. */
@@ -508,6 +510,8 @@ export interface DeleveragingEventV1SDKType {
   /**
    * `true` if the deleveraging event is for final settlement, indicating
    * the match occurred at the oracle price rather than bankruptcy price.
+   * When this flag is `false`, the fill price is the bankruptcy price
+   * of the liquidated subaccount.
    */
 
   is_final_settlement: boolean;
diff --git a/proto/dydxprotocol/clob/matches.proto b/proto/dydxprotocol/clob/matches.proto
index 41238aed9f..8b7b299f61 100644
--- a/proto/dydxprotocol/clob/matches.proto
+++ b/proto/dydxprotocol/clob/matches.proto
@@ -78,6 +78,7 @@ message MatchPerpetualDeleveraging {
 
   // Flag denoting whether the deleveraging operation was for the purpose
   // of final settlement. Final settlement matches are at the oracle price,
-  // whereas deleveraging normally happens at the bankruptcy price.bool
+  // whereas deleveraging happens at the bankruptcy price of the deleveraged
+  // subaccount.
   bool is_final_settlement = 4;
 }
diff --git a/proto/dydxprotocol/indexer/events/events.proto b/proto/dydxprotocol/indexer/events/events.proto
index be10d37f52..be1d96dd84 100644
--- a/proto/dydxprotocol/indexer/events/events.proto
+++ b/proto/dydxprotocol/indexer/events/events.proto
@@ -180,12 +180,14 @@ message DeleveragingEventV1 {
   // The amount filled between the liquidated and offsetting position, in
   // base quantums.
   uint64 fill_amount = 4;
-  // Bankruptcy price of liquidated subaccount, in USDC quote quantums.
+  // Fill price of deleveraging event, in USDC quote quantums.
   uint64 price = 5;
   // `true` if liquidating a short position, `false` otherwise.
   bool is_buy = 6;
   // `true` if the deleveraging event is for final settlement, indicating
   // the match occurred at the oracle price rather than bankruptcy price.
+  // When this flag is `false`, the fill price is the bankruptcy price
+  // of the liquidated subaccount.
   bool is_final_settlement = 7;
 }
 
diff --git a/protocol/indexer/events/events.pb.go b/protocol/indexer/events/events.pb.go
index d7da829c66..0ddbfd4bca 100644
--- a/protocol/indexer/events/events.pb.go
+++ b/protocol/indexer/events/events.pb.go
@@ -856,12 +856,14 @@ type DeleveragingEventV1 struct {
 	// The amount filled between the liquidated and offsetting position, in
 	// base quantums.
 	FillAmount uint64 `protobuf:"varint,4,opt,name=fill_amount,json=fillAmount,proto3" json:"fill_amount,omitempty"`
-	// Bankruptcy price of liquidated subaccount, in USDC quote quantums.
+	// Fill price of deleveraging event, in USDC quote quantums.
 	Price uint64 `protobuf:"varint,5,opt,name=price,proto3" json:"price,omitempty"`
 	// `true` if liquidating a short position, `false` otherwise.
 	IsBuy bool `protobuf:"varint,6,opt,name=is_buy,json=isBuy,proto3" json:"is_buy,omitempty"`
 	// `true` if the deleveraging event is for final settlement, indicating
 	// the match occurred at the oracle price rather than bankruptcy price.
+	// When this flag is `false`, the fill price is the bankruptcy price
+	// of the liquidated subaccount.
 	IsFinalSettlement bool `protobuf:"varint,7,opt,name=is_final_settlement,json=isFinalSettlement,proto3" json:"is_final_settlement,omitempty"`
 }
 
diff --git a/protocol/x/clob/types/matches.pb.go b/protocol/x/clob/types/matches.pb.go
index 37d8335d89..7eb76a91c3 100644
--- a/protocol/x/clob/types/matches.pb.go
+++ b/protocol/x/clob/types/matches.pb.go
@@ -341,7 +341,8 @@ type MatchPerpetualDeleveraging struct {
 	Fills []MatchPerpetualDeleveraging_Fill `protobuf:"bytes,3,rep,name=fills,proto3" json:"fills"`
 	// Flag denoting whether the deleveraging operation was for the purpose
 	// of final settlement. Final settlement matches are at the oracle price,
-	// whereas deleveraging normally happens at the bankruptcy price.bool
+	// whereas deleveraging happens at the bankruptcy price of the deleveraged
+	// subaccount.
 	IsFinalSettlement bool `protobuf:"varint,4,opt,name=is_final_settlement,json=isFinalSettlement,proto3" json:"is_final_settlement,omitempty"`
 }