Form 4: Calix Director Carl Russo Sells 25,000 Shares

Director Carl Russo of Calix, Inc. executed a sale of 25,000 shares of common stock at an average price of $39.5876 on April 28, 2025, according to a Form 4 filing.

Summary

• On April 28, 2025, Carl Russo, a director and 10% owner of Calix, Inc., sold 25,000 shares of common stock.
• The sale was executed at a weighted average price of $39.5876 per share, with individual transaction prices ranging from $39.30 to $39.89.
• Following the transaction, Russo directly owns 3,748,381 shares of Calix common stock.
• Russo also indirectly owns 2,139,188 shares through The Crescentico Trust and 13,782 shares through Equanimous Investments.
• The sale was conducted under a pre-established Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, as insider sales can occur for various reasons.

Industry Context

Insider sales are common and can be for various reasons, including portfolio diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some investors, potentially leading to slight downward pressure on the stock price in the short term.
• However, the existence of a pre-established 10b5-1 trading plan mitigates concerns that the sale was based on non-public information.

Key Dates

Keywords

Form 4, Calix, Carl Russo, stock sale, insider trading, Rule 10b5-1, beneficial ownership