Codexis (CDXS) director receives option grant for 66,350 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CODEXIS, INC. director Esther Martinborough reported receiving a stock option grant covering 66,350 shares of common stock at an exercise price of $2.48 per share. The option vests in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, subject to her continued board service, and expires on June 17, 2036. Following this grant, she holds options for 66,350 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinborough Esther
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 66,350 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 66,350 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 66,350 shares
Exercise price: $2.48 per share
Underlying shares: 66,350 shares
+2 more
5 metrics
Option grant size
66,350 shares
Stock Option (Right to Buy) granted to director on June 17, 2026
Exercise price
$2.48 per share
Conversion or exercise price of the granted stock option
Underlying shares
66,350 shares
Underlying Codexis common stock covered by this option
Post-transaction option holdings
66,350 shares
Total option shares held directly following the grant
Option expiration date
June 17, 2036
Expiration of the stock option grant
Key Terms
Stock Option (Right to Buy), grant/award acquisition, exercise price, Common Stock, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
grant/award acquisition financial
"transaction_action: grant/award acquisition"
exercise price financial
"conversion_or_exercise_price: 2.4800"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vests and becomes exercisable financial
"This option vests and becomes exercisable with respect to all of the shares"
FAQ
What did Codexis (CDXS) director Esther Martinborough report on this Form 4?
Esther Martinborough reported receiving a stock option grant for 66,350 shares of Codexis common stock. The options were awarded as director compensation and give her the right to buy shares at a fixed exercise price of $2.48 per share in the future.
What is the exercise price of Esther Martinborough’s Codexis (CDXS) stock options?
The options have an exercise price of $2.48 per share. This means she can choose to buy Codexis common stock at $2.48 for each optioned share once the grant vests, regardless of the market price at the time she exercises the options.
When do Esther Martinborough’s Codexis (CDXS) stock options vest?
The option vests and becomes exercisable in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on her continued service as a director through the applicable vesting date under the award terms.
When do Esther Martinborough’s Codexis (CDXS) stock options expire?
The stock options expire on June 17, 2036. After that expiration date, any unexercised portion of the 66,350-share grant will lapse, and she will no longer have the right to purchase Codexis common stock under this particular option award.