Form 4: Calix Director and 10% Owner Carl Russo Sells 25,000 Shares Under Pre-Arranged Plan

Carl Russo, a Director and 10% Owner of Calix, Inc. (CALX), sold 25,000 shares of common stock for approximately $1.38 million through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Carl Russo, a Director and 10% Owner of Calix, Inc. (CALX), reported the sale of 25,000 shares of common stock.
• The transaction occurred on July 28, 2025, at a weighted average sale price of $55.397 per share, totaling approximately $1,384,925.
• The shares were sold in multiple transactions with prices ranging from $55.02 to $55.63.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on April 25, 2025.
• Following the reported transaction, Carl Russo beneficially owns 3,753,070 shares directly.
• Additionally, 2,114,188 shares are held indirectly by The Crescentico Trust, where Carl Russo serves as Trustee.
• An additional 13,782 shares are held indirectly by Equanimous Investments, where Carl Russo is a managing member with shared voting and investment power, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While an insider sale can be viewed negatively, the fact that it was executed under a pre-arranged Rule 10b5-1 trading plan mitigates concerns that it is based on new, negative material information about the company.

Negatives

• A Director and 10% Owner selling a significant number of shares could be perceived negatively by some investors, although the sale was pre-planned.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard insider trading report and does not provide information directly related to broader industry trends or competitive landscape for Calix, Inc.

Stakeholder Impact

• Shareholders may note the sale of shares by a significant insider, which could lead to minor shifts in investor sentiment, though the pre-planned nature of the sale reduces its signaling effect.

Key Dates

Keywords

Calix, CALX, Carl Russo, Insider Sale, Form 4, Director, 10% Owner, Stock Transaction, Rule 10b5-1 Plan