Form 4: Calix Director Carl Russo Sells 25,000 Shares
SEC Form 4
Director Carl Russo sold 25,000 shares of Calix, Inc. common stock at an average price of $35.42 on November 4, 2024.
Summary
- On November 4, 2024, Carl Russo, a director of Calix, Inc., sold 25,000 shares of common stock at an average price of $35.42.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Russo directly owns 3,748,381 shares of Calix common stock.
- Russo also has indirect ownership through The Crescentico Trust (2,189,188 shares) and Equanimous Investments (13,782 shares).
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives and directors to sell shares periodically for personal financial management.
Stakeholder Impact
- The sale could have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of stock sale transaction |
| 11/06/2024 | Date of Form 4 filing |
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