BOWICK CHRISTOPHER J 4

What Happened

• Christopher J. Bowick, a director of Calix, Inc. (CALX), was granted 4,967 restricted stock units (RSUs) on 2026-05-14. The Form 4 reports an acquisition at $0.00 per share (award/grant), so no cash was paid by the insider.
• These RSUs are unvested awards that represent a contingent right to receive one share of Calix common stock per RSU when they vest. The award will vest in full one day prior to the issuer’s next annual stockholder meeting.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (timely within the two-business-day reporting window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 4,967 RSUs; acquisition price reported: $0.00.
• Beneficial ownership: Filing notes that the amount of securities beneficially owned includes the 4,967 unvested RSUs.
• Vesting: RSUs vest in full one day before the next annual stockholder meeting (per footnote).

Context

• RSUs are not immediately tradable shares — they convert to common stock only upon vesting, so this is an award/compensation event rather than a market purchase or sale.
• This filing is routine for director compensation and was filed on time; it should be viewed as a grant of equity rather than a direct insider market signal.