Calix (CALX) director and 10% owner updates holdings after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Calix, Inc. director and 10% owner Carl Russo reported exercising a stock option for 10,000 shares of common stock on 11/17/2025 at an exercise price of $12.63 per share. After this transaction, he directly owns 3,963,070 shares of Calix common stock. He also reports indirect holdings of 1,694,188 shares held by The Crescentico Trust, for which he is trustee, and 13,782 shares held by Equanimous Investments, where he and another individual may share voting and investment power. Following the option exercise, Russo still holds 590,000 stock options exercisable for Calix common stock, with an expiration date of 05/22/2030, and the shares subject to this option were fully vested and exercisable as of 05/22/2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
4 txns
Insider
Russo Carl
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $12.63 | $126K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 590,000 shares (Direct);
Common Stock — 3,963,070 shares (Direct);
Common Stock — 1,694,188 shares (Indirect, See Footnote)
Footnotes (1)
- Shares held by The Crescentico Trust, Carl Russo, Trustee. 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. 100% of the shares subject to the option were fully vested and exercisable on May 22, 2024.
