Calix (CALX) director Kira Makagon receives 4,967 RSU equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CALIX, INC director Kira Makagon received an equity grant of 4,967 restricted stock units (RSUs). These RSUs were awarded under the company’s non-employee director equity compensation policy at no cash cost and will vest in full one day prior to the next annual stockholder meeting. Each RSU converts into one share of common stock upon vesting. After this grant, Makagon beneficially owns 43,931 shares of Calix common stock, including the 4,967 unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Makagon Kira

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,967	$0.00	--

Holdings After Transaction: Common Stock — 43,931 shares (Direct, null)

Footnotes (1)

Represents a grant of restricted stock units ("RSUs") awarded pursuant to the issuer's non-employee director equity compensation policy, that will vest in full one day prior to the issuer's next annual stockholder meeting. Each RSU represents a contingent right to receive one share of the issuer's common stock. Amount of securities beneficially owned includes 4,967 unvested RSUs.

Key Figures

RSU grant size: 4,967 RSUs Grant price: $0.00 per unit Total shares after grant: 43,931 shares +2 more

5 metrics

RSU grant size 4,967 RSUs Restricted stock units awarded to director on May 14, 2026

Grant price $0.00 per unit RSUs awarded as stock-based compensation, no cash paid

Total shares after grant 43,931 shares Beneficial ownership following RSU award, including 4,967 unvested RSUs

Unvested RSUs included 4,967 RSUs Unvested units counted in beneficial ownership per footnote

Transaction direction Acquisition (grant/award) Form 4 code A, non-derivative equity award to director

Key Terms

restricted stock units ("RSUs"), non-employee director equity compensation policy, beneficially owned

3 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs") awarded pursuant to the issuer's non-employee director equity compensation policy"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

non-employee director equity compensation policy financial

"RSUs awarded pursuant to the issuer's non-employee director equity compensation policy, that will vest in full one day prior"

beneficially owned financial

"Amount of securities beneficially owned includes 4,967 unvested RSUs."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 05:56 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Makagon Kira

(Last)

(First)

(Middle)

C/O CALIX, INC.

3155 OLSEN DRIVE, SUITE 450

(Street)

SAN JOSE

CALIFORNIA

95117

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CALIX, INC [ (CALX) ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/14/2026		A		4,967⁽¹⁾	A	$0	43,931⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs") awarded pursuant to the issuer's non-employee director equity compensation policy, that will vest in full one day prior to the issuer's next annual stockholder meeting. Each RSU represents a contingent right to receive one share of the issuer's common stock.

2. Amount of securities beneficially owned includes 4,967 unvested RSUs.

Remarks:

	/s/ Tom Gemetti as Attorney-in-Fact for Kira Makagon	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Calix (CALX) director Kira Makagon report in this Form 4?

Kira Makagon reported receiving 4,967 restricted stock units in Calix common stock. The award is part of the company’s non-employee director equity compensation policy and represents a stock-based compensation grant rather than an open-market share purchase or sale.

How many Calix (CALX) shares does Kira Makagon hold after this RSU grant?

After the RSU grant, Kira Makagon beneficially owns 43,931 Calix common shares. This total includes the 4,967 unvested restricted stock units, each of which will convert into one share of common stock upon vesting as described in the filing’s footnotes.

What are the vesting terms of Kira Makagon’s new Calix (CALX) RSU award?

The 4,967 Calix restricted stock units vest in full one day before the company’s next annual stockholder meeting. Once vested, each RSU gives the director one share of Calix common stock, making this a time-based equity compensation award tied to board service.

Was there any cash paid for the Calix (CALX) RSUs granted to Kira Makagon?

No cash was paid for these 4,967 restricted stock units, which were granted at a price of $0.00 per unit. The RSUs are stock-based compensation under Calix’s non-employee director equity compensation policy rather than a traditional share purchase transaction.

Does this Calix (CALX) Form 4 show any stock sales by Kira Makagon?

The Form 4 shows no stock sales by Kira Makagon. It reports only an acquisition of 4,967 restricted stock units as a compensation grant, with no open-market purchases or sales and no derivative exercises disclosed in this specific insider transaction report.