CRUSCO KATHLEEN M 4

What Happened

Kathleen M. Crusco, a director of Calix, Inc. (CALX), received a grant of 4,967 restricted stock units (RSUs) on 2026-05-14. The filing shows the acquisition price as $0.00 (non-cash award). Each RSU is a contingent right to one share and will vest in full one day prior to the issuer’s next annual stockholder meeting per the footnote.

Key Details

• Transaction date: 2026-05-14; Filing date (Form 4): 2026-05-18 (Accession: 0001237508-26-000002).
• Security and amount: 4,967 RSUs granted; consideration listed as $0.00.
• Shares owned after transaction: The filing’s beneficial ownership amount is not fully itemized, but it states that beneficially owned securities include the 4,967 unvested RSUs.
• Notable footnotes: RSUs awarded under the issuer’s non-employee director equity compensation policy; they vest in full one day prior to the next annual stockholder meeting and convert to one share per RSU.
• Timeliness: The filing shows a 2026-05-18 submission; no explicit late-filing flag is indicated in the document.

Context

This transaction is an equity compensation award to a non-employee director (common for board pay) rather than an open-market buy or sale. RSUs are contingent until vesting and do not represent immediately tradeable shares; they convert to common stock only upon vesting according to the stated schedule.