Calix director granted 11,753 stock options
CALIX, INC director and 10% owner Carl Russo received a grant of 11,753 stock options to buy Calix common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
CALIX, INC director and 10% owner Carl Russo received a grant of 11,753 stock options to buy Calix common stock. The options have an exercise price of $49.40 per share and were granted at no cost on March 30, 2026.
The award vests in 25% increments on each anniversary of the March 30, 2026 grant date and will expire on March 30, 2036 if not exercised. Following this grant, Russo holds 11,753 stock options directly, according to the filing.
Insider Trade Summary
Grant/Award: 11,753 shares
Grant/Award
1 txn
Insider
Russo Carl
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) | 11,753 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (right to buy) — 11,753 contracts (Direct)
Footnotes (1)
- F1. The automatically awarded option vests and becomes exercisable with respect to 25% of the shares of common stock underlying the option on each anniversary of the date of grant (March 30, 2026).
Key Figures
Options granted: 11,753 options
Exercise price: $49.40 per share
Post-grant derivative holdings: 11,753 options
+2 more
5 metrics
Options granted
11,753 options
Stock Options (right to buy) granted March 30, 2026
Exercise price
$49.40 per share
Conversion or exercise price of granted options
Post-grant derivative holdings
11,753 options
Total stock options following transaction
Expiration date
March 30, 2036
Options expire if not exercised by this date
Vesting schedule
25% per anniversary
Each anniversary of March 30, 2026 per footnote
Key Terms
Stock Options (right to buy), Grant, award, or other acquisition, exercise price, expiration date, +1 more
5 terms
Stock Options (right to buy) financial
"security_title: "Stock Options (right to buy)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
exercise price financial
"conversion_or_exercise_price: "49.4000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-03-30T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title: "Common Stock""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CALX director Carl Russo report in this Form 4?
Carl Russo reported receiving a grant of 11,753 stock options in CALIX, INC. These derivative securities give him the right to buy an equal number of common shares at a fixed exercise price, representing compensation rather than an open-market purchase or sale.
What is the exercise price of Carl Russo’s new CALX stock options?
The granted stock options have an exercise price of $49.40 per share. This is the price at which Russo can purchase Calix common stock in the future, provided the options have vested and are exercised before they expire on March 30, 2036.
How many CALX stock options were granted to Carl Russo in this award?
The award covers 11,753 stock options, each linked to one share of Calix common stock. This entire amount is reported as directly owned following the transaction, reflecting a compensation-related grant rather than a market trade in existing shares.
How do the CALX options granted to Carl Russo vest over time?
The options vest and become exercisable in four equal parts of 25% each. Vesting occurs on each anniversary of the March 30, 2026 grant date, creating a multi-year schedule that encourages continued service and alignment with long-term company performance.
When do Carl Russo’s newly granted CALX stock options expire?
The stock options expire on March 30, 2036 if not exercised. After that expiration date, any unexercised options become worthless, so the 10-year term defines the window during which Russo can choose to purchase Calix common shares at $49.40.
Is Carl Russo considered a major holder of CALX based on this filing?
Yes. The filing classifies Carl Russo as both a director and a ten percent owner of CALIX, INC. This status indicates he is a significant insider with substantial holdings, making his equity-based compensation and reported transactions particularly relevant for governance disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates