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CALIX, INC — Director's Dealing 2025
Nov 6, 2025
31174_dirs_2025-11-06_e492a9c5-ed83-49ff-90a0-464f38c14403.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2025-11-04
Reporting Person: Russo Carl (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-11-04 | Common Stock | S | 395000 | $64 | Disposed | 1719188 | Indirect |
| 2025-11-04 | Common Stock | S | 12035 | $65.1088 | Disposed | 1707153 | Indirect |
| 2025-11-04 | Common Stock | S | 12845 | $66.0028 | Disposed | 1694308 | Indirect |
| 2025-11-04 | Common Stock | S | 120 | $66.47 | Disposed | 1694188 | Indirect |
| 2025-11-06 | Common Stock | M | 200000 | $12.63 | Acquired | 3953070 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-11-06 | Stock Option (right to buy) | $12.63 | M | 200000 | Disposed | 2030-05-22 | Common Stock (200000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 13782 | Indirect |
Footnotes
F1: Shares held by The Crescentico Trust, Carl Russo, Trustee.
F2: Sales reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 25, 2025.
F3: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.44 to $65.40, inclusive. Full information on the number of
shares sold at each sale price is available upon request.
F4: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.45 to $66.325, inclusive. Full information on the number of shares sold at each sale price is available upon request.
F5: Shares held by Equanimous Investments. The managing members of Equanimous Investments are Carl Russo and Tim Pasquinelli. These individuals may be deemed to have shared voting and investment power over the shares held by Equanimous Investments. Each of these individuals disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F6: 100% of the shares subject to the option were fully vested and exercisable on May 22, 2024.