Form 4: Calix Director Carl Russo Reports Stock and Option Transactions

Director Carl Russo reports acquisition of restricted stock and stock options in Calix, Inc.

Summary

• Carl Russo, a director and 10% owner of Calix, Inc. (CALX), reported changes in beneficial ownership.
• On May 8, 2025, Russo acquired 4,689 shares of common stock and 28,606 stock options.
• The common stock was awarded as restricted stock under the non-employee director equity compensation policy and vests prior to the next annual meeting.
• The stock options have an exercise price of $42.65 and vest in four equal annual installments starting May 8, 2026.
• Following these transactions, Russo directly owns 3,753,070 shares of common stock and 28,606 stock options.
• Russo also indirectly owns 2,139,188 shares through The Crescentico Trust and 13,782 shares through Equanimous Investments.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction.

Positives

• The acquisition of restricted stock aligns Russo's interests with those of shareholders.
• The vesting schedule of the stock options incentivizes long-term performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director increasing their stake.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, restricted stock, Calix, CALX, Carl Russo, director