Form 4: Calix Director Kevin Peters Reports Stock Transfer

Director Kevin Peters transferred 126,028 shares of Calix common stock to an irrevocable trust and received an RSU grant.

Summary

• Director Kevin Peters transferred 126,028 shares of Calix common stock to an irrevocable trust on February 1, 2022.
• The transfer was a gift transaction with a price of $0.
• On May 14, 2026, the director was granted 4,967 restricted stock units (RSUs) as part of the non-employee director equity compensation policy.
• The RSUs are scheduled to vest in full one day prior to the next annual stockholder meeting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director equity management.

Positives

• Director maintains a long-term interest in the company through trust holdings and direct ownership.
• Equity compensation aligns director interests with shareholder value.

Negatives

• None identified; this is a routine disclosure of beneficial ownership changes.

Risks

• Market volatility affecting the value of equity holdings.
• Vesting of RSUs is contingent upon continued service as a director.

Future Outlook

The director holds 4,967 unvested RSUs which will vest one day prior to the next annual stockholder meeting.

Industry Context

StockSavvy.ai notes that routine Form 4 filings regarding director equity transfers and RSU grants are standard corporate governance practices and do not typically signal changes in company strategy or operational performance.

Comparison to Industry Standards

• The equity compensation structure for non-employee directors is consistent with standard practices for mid-cap technology companies.
• The use of irrevocable trusts for estate planning by corporate directors is a common practice among public company executives.

Related Party Transactions

• Transfer of 126,028 shares to an irrevocable trust of which the reporting person's spouse is the trustee.

Stakeholder Impact

• No material impact on shareholders, employees, or creditors as this is a change in the form of ownership rather than a market sale.

Next Steps

• Vesting of 4,967 RSUs one day prior to the next annual stockholder meeting.

Key Dates

Keywords

Calix, CALX, Form 4, Insider Trading, Director Ownership, Equity Compensation