Calix, Inc.
US ˙ NYSE ˙ US13100M5094

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael Weening. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Michael Weening has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CALX / Calix, Inc. President & CEO, Director 16,117
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael Weening. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CALX / Calix, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CALX / Calix, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2023-08-14 (CALX) Weening Michael 341 34.9775 341 34.9775 11,927 731 56.7800 7,435 62.34
2021-08-14 (CALX) Weening Michael 337 31.2800 337 31.2800 10,541

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CALX / Calix, Inc. Insider Trades
Insider Sales CALX / Calix, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CALX / Calix, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2025-09-04 (CALX) Weening Michael 24,000 60.0000 24,000 60.0000 1,440,000 730
2025-08-28 (CALX) Weening Michael 126,000 60.0000 126,000 60.0000 7,560,000
2025-08-04 (CALX) Weening Michael 74,000 57.0000 74,000 57.0000 4,218,000
2025-07-23 (CALX) Weening Michael 92,000 56.0000 92,000 56.0000 5,152,000
2025-07-23 (CALX) Weening Michael 16,000 57.0000 16,000 57.0000 912,000
2025-07-22 (CALX) Weening Michael 92,000 55.0000 92,000 55.0000 5,060,000
2025-06-02 (CALX) Weening Michael 100,000 46.5871 100,000 46.5871 4,658,710

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CALX / Calix, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Michael Weening as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2025-09-08 2025-09-04 4 (CALX) CALIX, INC
Common Stock
S - Sale -24,000 16,117 -59.83 60.00 -1,440,000 967,020
2025-09-08 2025-09-04 4 (CALX) CALIX, INC
Common Stock
M - Exercise 24,000 40,117 148.91 7.84 188,160 314,517
2025-09-02 2025-08-28 4 (CALX) CALIX, INC
Common Stock
S - Sale -126,000 16,117 -88.66 60.00 -7,560,000 967,020
2025-09-02 2025-08-28 4 (CALX) CALIX, INC
Common Stock
M - Exercise 126,000 142,117 781.78 7.84 987,840 1,114,197
2025-08-15 2025-08-14 4 (CALX) CALIX, INC
Common Stock
A - Award 305 16,117 1.93 33.69 10,274 542,909
2025-08-05 2025-08-04 4 (CALX) CALIX, INC
Common Stock
S - Sale -74,000 15,812 -82.39 57.00 -4,218,000 901,284
2025-08-05 2025-08-04 4 (CALX) CALIX, INC
Common Stock
M - Exercise 74,000 89,812 468.00 8.03 594,220 721,190
2025-07-24 2025-07-23 4 (CALX) CALIX, INC
Common Stock
S - Sale -16,000 15,812 -50.30 57.00 -912,000 901,284
2025-07-24 2025-07-23 4 (CALX) CALIX, INC
Common Stock
M - Exercise 16,000 31,812 101.19 8.03 128,480 255,450
2025-07-24 2025-07-23 4 (CALX) CALIX, INC
Common Stock
S - Sale -92,000 15,812 -85.33 56.00 -5,152,000 885,472
2025-07-24 2025-07-23 4 (CALX) CALIX, INC
Common Stock
M - Exercise 92,000 107,812 581.84 5.95 547,400 641,481
2025-07-24 2025-07-22 4 (CALX) CALIX, INC
Common Stock
S - Sale -92,000 15,812 -85.33 55.00 -5,060,000 869,660
2025-07-24 2025-07-22 4 (CALX) CALIX, INC
Common Stock
M - Exercise 92,000 107,812 581.84 5.95 547,400 641,481
2025-06-03 2025-06-02 4 (CALX) CALIX, INC
Common Stock
S - Sale -100,000 15,812 -86.35 46.59 -4,658,710 736,635
2025-06-03 2025-06-02 4 (CALX) CALIX, INC
Common Stock
M - Exercise 20,000 115,812 20.87 5.95 119,000 689,081
2025-06-03 2025-06-02 4 (CALX) CALIX, INC
Common Stock
M - Exercise 80,000 95,812 505.94 6.38 510,400 611,281
2025-02-18 2025-02-14 4 (CALX) CALIX, INC
Common Stock
A - Award 349 15,812 2.26 31.36 10,946 495,943
2024-08-15 2024-08-14 4 (CALX) CALIX, INC
Common Stock
A - Award 1 15,463 0.01 29.60 30 457,658
2024-02-15 2024-02-14 4 (CALX) CALIX, INC
Common Stock
A - Award 777 15,462 5.29 29.48 22,904 455,789
2024-02-12 2023-08-14 4 (CALX) CALIX, INC
Common Stock
P - Purchase 341 14,685 2.38 34.98 11,927 513,645
2023-02-16 2023-02-14 4 (CALX) CALIX, INC
Common Stock
A - Award 199 14,344 1.41 45.25 9,005 649,066
2022-08-15 2022-08-14 4 (CALX) CALIX, INC
Common Stock
A - Award 113 14,145 0.81 48.25 5,452 682,496
2022-02-15 2022-02-14 4 (CALX) CALIX, INC
Common Stock
A - Award 110 14,032 0.79 38.30 4,213 537,426
2022-02-11 2022-02-10 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 97,100 97,100
2021-11-29 2021-11-27 4 (CALX) CALIX, INC
Common Stock
A - Award 120,000 120,000
2021-08-17 2021-08-14 4/A (CALX) CALIX, INC
Common Stock
A - Award 337 13,922 2.48 31.28 10,541 435,480
2021-08-16 2021-08-14 4 (CALX) CALIX, INC
Common Stock
P - Purchase 337 13,922 2.48 31.28 10,541 435,480
2021-07-07 2021-07-07 4 (CALX) CALIX, INC
Stock Option (right to buy)
M - Exercise X -291,581 80,000 -78.47
2021-07-07 2021-07-07 4 (CALX) CALIX, INC
Common Stock
S - Sale X -291,581 13,585 -95.55 49.00 -14,287,469 665,665
2021-07-07 2021-07-07 4 (CALX) CALIX, INC
Common Stock
M - Exercise X 291,581 305,166 2,146.35 6.38 1,860,287 1,946,959
2021-06-30 2021-06-28 4 (CALX) CALIX, INC
Stock Option (right to buy)
M - Exercise X -8,419 371,581 -2.22
2021-06-30 2021-06-28 4 (CALX) CALIX, INC
Common Stock
S - Sale X -8,419 13,585 -38.26 49.00 -412,531 665,665
2021-06-30 2021-06-28 4 (CALX) CALIX, INC
Common Stock
M - Exercise X 8,419 22,004 61.97 6.38 53,713 140,386
2021-02-16 2021-02-14 4 (CALX) CALIX, INC
Common Stock
A - Award 1,099 13,585 8.80 17.84 19,608 242,377
2020-11-30 2020-11-27 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 300,000 300,000
2020-08-18 2020-08-14 4 (CALX) CALIX, INC
Common Stock
A - Award 112 12,486 0.91 9.32 1,044 116,426
2020-05-15 2020-05-14 4 (CALX) CALIX, INC
Common Stock
A - Award 2,000 12,374 19.28 6.57 13,141 81,303
2020-02-14 2020-02-13 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 90,000 1,274,000 7.60
2019-12-02 2019-11-27 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 600,000 600,000
2019-11-15 2019-11-14 4 (CALX) CALIX, INC
Common Stock
A - Award 2,000 10,374 23.88 5.66 11,322 58,727
2019-05-15 2019-05-14 4 (CALX) CALIX, INC
Common Stock
A - Award 2,000 8,374 31.38 5.60 11,200 46,894
2019-02-19 2019-02-14 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 204,000 584,000 53.68
2018-11-16 2018-11-14 4 (CALX) CALIX, INC
Common Stock
A - Award 1,960 6,374 44.40 5.31 10,412 33,862
2018-05-16 2018-05-14 4 (CALX) CALIX, INC
Common Stock
A - Award 2,000 4,414 82.85 5.18 10,370 22,887
2017-11-16 2017-11-14 4 (CALX) CALIX, INC
Common Stock
A - Award 2,000 2,414 483.09 5.27 10,540 12,722
2017-05-16 2017-05-12 4 (CALX) CALIX, INC
Common Stock
A - Award 414 414 5.65 2,339 2,339
2016-06-29 2016-06-27 4 (CALX) CALIX, INC
Stock Option (right to buy)
A - Award 380,000 380,000
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)