Form 4: Calix CEO Michael Weening Acquires Shares Through Employee Stock Purchase Plan

Michael Weening, President and CEO of Calix, Inc., acquired 349 shares of common stock through the company's Employee Stock Purchase Plan (ESPP) on February 14, 2025.

Summary

• On February 14, 2025, Michael Weening, the President and CEO of Calix, Inc., acquired 349 shares of the company's common stock.
• The acquisition was made through the Calix, Inc. Amended and Restated Employee Stock Purchase Plan (ESPP).
• The shares were purchased at a price of $31.365 per share.
• The price is based on 85% of the closing price of Calix's common stock on August 15, 2024, the first trading day of the ESPP purchase period.
• Following the transaction, Weening directly owns 15,812 shares of Calix common stock.

Sentiment

Score: 6

Explanation: Routine insider transaction; slightly positive due to CEO increasing stake, but not significantly impactful.

Positives

• The CEO's participation in the ESPP demonstrates confidence in the company's future.
• The acquisition increases the CEO's stake in the company, aligning his interests with those of other shareholders.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Purchases by executives can be seen as a positive signal, but the impact is often small unless the purchase is very large.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates