Calix director Carl Russo gifts 40,000 shares

Calix, Inc. director and ten percent owner Carl Russo reported a bona fide gift of 40,000 shares of Common Stock on April 8, 2026.

Rhea-AI Filing Summary

Calix, Inc. director and ten percent owner Carl Russo reported a bona fide gift of 40,000 shares of Common Stock on April 8, 2026. The gift carried no stated price per share and was coded as a non-derivative G transaction. After the gift, he holds 3,953,070 shares directly. He also has indirect holdings of 13,782 shares through Equanimous Investments and 1,669,188 shares through The Crescentico Trust, where he may share voting and investment power but disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

40,000 shares gifted

Gift 3 txns

Insider Russo Carl

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock	40,000	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,953,070 shares (Direct); Common Stock — 1,682,970 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. 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.
2. F2. Shares held by The Crescentico Trust, Carl Russo, Trustee.

Key Figures

Gifted shares: 40,000 shares Direct holdings after gift: 3,953,070 shares Indirect holdings via Equanimous Investments: 13,782 shares +2 more

5 metrics

Gifted shares 40,000 shares Bona fide gift of Common Stock on April 8, 2026

Direct holdings after gift 3,953,070 shares Common Stock directly owned following the reported gift

Indirect holdings via Equanimous Investments 13,782 shares Indirect Common Stock holdings with shared voting and investment power

Indirect holdings via The Crescentico Trust 1,669,188 shares Indirect Common Stock holdings with Carl Russo as trustee

Gift price per share $0.00 Reported transaction price for the bona fide gift

Key Terms

bona fide gift, beneficial ownership, pecuniary interest, indirect ownership, +1 more

5 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

beneficial ownership financial

"Each of these individuals disclaims beneficial ownership of such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

indirect ownership financial

"Shares held by Equanimous Investments ... may be deemed to have shared voting and investment power"

ten percent owner financial

""is_ten_percent_owner": 1"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Carl Russo report at Calix (CALX)?

Carl Russo reported a bona fide gift of 40,000 shares of Calix Common Stock on April 8, 2026. The transaction was coded G, meaning a gift, with no price per share and treated as a non-market disposition.

How many Calix (CALX) shares does Carl Russo hold after the reported gift?

After the 40,000-share gift, Carl Russo holds 3,953,070 shares directly. In addition, Form 4 entries show 13,782 shares held indirectly via Equanimous Investments and 1,669,188 shares held indirectly via The Crescentico Trust, where he has certain roles.

Is the 40,000-share Calix (CALX) transaction a sale or a gift?

The 40,000-share transaction is a bona fide gift, not a sale. It is reported with transaction code G, indicating a gift disposition with no cash price per share, and therefore is not an open-market buy or sell transaction.

How are Equanimous Investments’ Calix (CALX) shares related to Carl Russo?

Shares held by Equanimous Investments are reported as indirect holdings. Carl Russo and another individual are managing members and may share voting and investment power but each disclaims beneficial ownership beyond his pecuniary interest in those Calix shares.

What is The Crescentico Trust’s connection to Carl Russo’s Calix (CALX) holdings?

The Form 4 notes that The Crescentico Trust holds Calix shares with Carl Russo as trustee. These shares are reported as indirect ownership, and he disclaims beneficial ownership except to the extent of any pecuniary interest he has in the trust.

Does the reported Calix (CALX) gift affect Carl Russo’s status as a major shareholder?

Even after the 40,000-share gift, Carl Russo remains a large holder, with 3,953,070 shares directly owned plus significant indirect holdings. The filing continues to identify him as a director and ten percent owner of Calix, Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/10/2026 - 04:05 PM Learn about SEC filing dates

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^*

Russo Carl

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/08/2026		G		40,000	D	$0	3,953,070	D
Common Stock								13,782	I	See Footnote(1)
Common Stock								1,669,188	I	See Footnote(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Shares held by The Crescentico Trust, Carl Russo, Trustee.

Remarks:

	/s/ Tom Gemetti as Attorney-in-Fact for Carl Russo	04/10/2026
	** 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)