Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 83

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 83
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 |     |         | 321,450 |     |           | 353,595 |     |        |     |                  |     |         |     |               |     |       |     |               |     |           |
|                    |     | 02/08/2024 |     |                |     |                       |        |     |         |         |     |           |         |     | 84,375 |     |                  |     | 225,000 |     |               |     | 34.26 |     |               |     | 4,119,773 |
|                    |     | 02/08/2024 |     |                |     |                       |        |     |         |         |     |           |         |     | 56,250 |     |                  |     |  75,000 |     |               |     | 34.26 |     |               |     | 1,373,258 |

(1) These amounts represent the minimum annual possible payout (10%) at threshold for our executive cash incentive plan opportunity assuming achievement of a single quarterly revenue and non-GAAP operating income performance goal as threshold under the 2024 Executive Cash Incentive Plan. See discussion under “ Cash Incentive Compensation .”

(2) These amounts represent estimated payout at target for our executive cash incentive plan opportunity based on achievement of quarterly revenue and non-GAAP operating income performance goals at target under the 2024 Executive Cash Incentive Plan. See discussion under " Cash Incentive Compensation ."

(3) These amounts represent the maximum possible payout under our executive cash incentive plan opportunity assuming all goals were achieved at maximum under the 2024 Executive Cash Incentive Plan. It does not include any amounts earned under the quarterly non-GAAP gross margin funding opportunity, if any. See discussion under “ Cash Incentive Compensation. ”

(4) These amounts represent the minimum possible number of underlying shares that would be earned at threshold (75%) performance under 2024 Performance-based Stock Options. See discussion under “ 2024 Stock Option Awards .”

(5) These amounts represent the number of shares of common stock underlying 2024 Performance-based Stock Options that would be earned at target performance as described in “ 2024 Stock Option Awards .” Shares underlying the 2024 Performance-based Stock Options cannot be earned in excess of target. Upon achievement, earned shares underlying the 2024 Performance-based Stock Options vest immediately as to 25%