Russo Carl 4
4 · CALIX, INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Calix (CALX) 10% Owner Carl Russo Sells 25,000 Shares
What Happened
Carl Russo, identified as a 10% owner of Calix, Inc. (CALX), sold a total of 25,000 shares in open-market transactions on February 3, 2026. The filing reports two blocks: 13,477 shares at a reported weighted-average price of $46.93 (proceeds $632,527) and 11,523 shares at a weighted-average $47.66 (proceeds $549,163), for aggregate proceeds of approximately $1,181,690. These were sales (not purchases), and the filing notes they were effected pursuant to a Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-02-03 (reported on Form 4 filed 2026-02-04) — filing appears timely (Form 4 required within 2 business days).
- Reported blocks: 13,477 shares @ $46.93 (weighted avg), 11,523 shares @ $47.66 (weighted avg). Total sold: 25,000 shares for ~$1,181,690.
- Footnote details: first block sold at prices ranging $46.34–$47.33; second block sold at $47.38–$48.20 (weighted averages reported; exact per-trade breakdown available on request).
- Ownership after transaction: not specified in the excerpt provided. The filing indicates some shares are held by The Crescentico Trust (Carl Russo, Trustee) and by Equanimous Investments (managed by Carl Russo and Tim Pasquinelli).
- Plan/insider context: Sales were made under a Rule 10b5-1 trading plan adopted April 25, 2025. Russo is a 10% owner (major shareholder), not necessarily an executive trade.
Context: Sales under a pre-established 10b5-1 plan are routine mechanisms that allow insiders to sell shares according to a preset schedule; they do not, by themselves, indicate the insider’s current view of the company. As a 10% owner, Russo is a significant shareholder — these moves reflect disposition of holdings rather than a new purchase signal.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-03$46.93/sh−13,477$632,527→ 1,680,711 total(indirect: See Footnote) - Sale
Common Stock
[F3][F2]2026-02-03$47.66/sh−11,523$549,163→ 1,669,188 total(indirect: See Footnote)
- 13,782(indirect: See Footnote)
Common Stock
[F4] - 3,983,070
Common Stock
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $46.34 to $47.33, inclusive. Full information on the number of shares sold at each sale price is available upon request.
- [F2]Shares held by The Crescentico Trust, Carl Russo, Trustee.
- [F3]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $47.38 to $48.20, inclusive. Full information on the number of shares sold at each sale price is available upon request.
- [F4]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.