STEPHEN GEORGE DILLY - 08 Feb 2023 Form 4 Insider Report for CODEXIS, INC. (CDXS)

Role
President and Chief Executive Officer, Director
Signature
/s/ Sriram Ryali, Attorney-in-Fact for Stephen G. Dilly
Issuer symbol
CDXS
Transactions as of
08 Feb 2023
Net transactions value
-$252,212
Form type
4
Filing time
09 Mar 2023, 20:15:29 UTC
Previous filing
03 Aug 2022
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDXS Common Stock Award $0 +289,000 +197% $0.000000 435,474 08 Feb 2023 Direct F1
transaction CDXS Common Stock Sale $129,281 -28,088 -6.4% $4.60 407,386 07 Mar 2023 Direct F2, F3
transaction CDXS Common Stock Sale $122,931 -26,987 -6.6% $4.56 380,399 08 Mar 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock awards ("PSUs") initially granted on November 8, 2022 that were subject a performance-based vesting condition. The vesting condition was determined to be 85% satisfied on February 8, 2023. The PSUs will vest fully on March 5, 2024, subject to the Reporting Person's continued service to the Issuer on such vesting date.
F2 The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of shares subject to a PSUs of the Issuer.
F3 Reflects the weighted average of all shares sold to cover taxes upon vesting of PSUs on March 8, 2023 for certain employees of the Issuer.

Remarks:

President and Chief Executive Officer