Peters Kevin Robert 4

What Happened Kevin Robert Peters, a director of Calix, Inc. (CALX), was reported as receiving a grant of 4,967 restricted stock units (RSUs) on 2026-05-14 (award code A) at $0.00 per share. The Form 4 also reports a prior gift transaction dated 2022-02-01 of 126,028 shares (gift code G), which the filing shows were transferred into an irrevocable trust. The RSU award is a compensation grant (not a market purchase) and the gift reflects a transfer into a trust for which Peters disclaims beneficial ownership.

Key Details

• Transactions reported:
  • 2026-05-14: Grant/award (A) — 4,967 RSUs @ $0.00 (acquired)
  • 2022-02-01: Gift (G) — 126,028 shares @ $0.00 (both disposed and acquired entries reflect transfer)
• Vesting/rights: Each RSU is a contingent right to receive one share; the RSUs were awarded under the issuer’s non-employee director equity policy and will vest in full one day prior to the issuer’s next annual stockholder meeting (footnote F2).
• Beneficial ownership: The filing notes 4,967 unvested RSUs are included in the amount of securities beneficially owned (footnote F3). The 126,028 shares are held by an irrevocable trust for which Peters disclaims beneficial ownership (footnote F1).
• Filing timeliness: The Form 4 was filed on 2026-05-18 while reporting a 2022-02-01 gift and a 2026-05-14 RSU grant; the 2022 transaction is reported years late. Late filings reduce transparency for investors.

Context

• RSU grants are compensation and do not require Peters to pay cash now; they convert to shares only upon vesting and are not an immediate market purchase signal.
• Gifts (like the 126,028-share transfer) typically reflect estate/transfer planning and do not necessarily indicate the insider’s view of the company’s stock.
• No sales or open-market purchases were reported; this filing mainly documents an equity award and a prior trust transfer.