Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 93

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 93
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,500 |
| Talent and Compensation Committee                               |     |                     | 10,000 |
| Nominating and Corporate Governance Committee                   |     |                     |  5,000 |
| Cybersecurity Committee                                         |     |                     |  5,000 |
| Strategic Committee                                             |     |                     |  5,000 |

#### Non-Employee Director Equity Compensation
Under our Non-Employee Director Equity Compensation Policy for 2024, equity compensation for non-employee director service is granted in the form of stock options rather than RSUs. The value of the initial equity grant to newly elected or appointed Board members and the value of annual equity grants to existing Board members is $200,000. Under the Non-Employee Director Equity Compensation Policy, each non-employee director newly elected or appointed to the Board will automatically be granted an option to purchase a number of shares of common stock of the Company equal to the product obtained by multiplying (a) the result of dividing (i) $200,000 by (ii) the Black-Scholes value of an option to purchase one share of common stock of the Company as of the date of grant, as described below, by (b) a fraction, the numerator of which is the number of whole days that will have passed from the date of election through the scheduled date of the Company’s next annual stockholder meeting and the denominator of which is 365, rounded down to the nearest whole share. The Black-Scholes value of an option to purchase a share of common stock of the Company shall be determined using the per share trading price of the Company’s common stock on the date of grant.

Both the initial option grants and the annual option grants shall vest and become exercisable with respect to 100% of the shares of common stock underlying the option on the earlier of (i) the one-year anniversary of the date of grant or (ii)

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the day immediately preceding the date of the annual meeting of stockholders that occurs in the year following the year of grant.

Members of the Board who are Calix employees and who subsequently terminate employment with Calix and remain on the Board are not eligible for initial grants of equity but are eligible, after termination of employment with Calix, for annual grants.

All option awards held by a non-employee director, regardless of when granted, automatically accelerate in the event of a change in control of Calix.

March 2025 Amendment to Non-Employee Director Compensation

In March 2025