CDXS insider sale: director reports 8,952-share Codexis stock transaction

Rhea-AI Filing Summary

Codexis, Inc. (CDXS) reported an insider transaction by a director on a Form 4. On 11/21/2025, the reporting person sold 8,952 shares of common stock in an open-market transaction coded as "S" (sale).

The weighted average sale price was $1.5626 per share, with individual trades executed between $1.55 and $1.615. Following this sale, the reporting person beneficially owns 138,951 shares, held directly, which includes 40,983 restricted stock units.

Insider Trade Summary

Net Seller: 8,952 shares ($13,988)

Net Sell 1 txn

Insider WOLF DENNIS P

Role Director

Sold 8,952 shs ($14K)

Type	Security	Shares	Price	Value
Sale	Common Stock	8,952	$1.5626	$14K

Holdings After Transaction: Common Stock — 138,951 shares (Direct)

Footnotes (1)

1. This transaction was executed in multiple trades in prices ranging from $1.55 to $1.615, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. Includes 40,983 restricted stock units.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WOLF DENNIS P

(Last) (First) (Middle)

C/O CODEXIS, INC.

200 PENOBSCOT DRIVE

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CODEXIS, INC. [ CDXS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/21/2025		S		8,952	D	$1.5626(1)	138,951(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed in multiple trades in prices ranging from $1.55 to $1.615, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

2. Includes 40,983 restricted stock units.

	/s/ Georgia Erbez, as Attorney-in-Fact for Dennis Wolf	11/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Codexis (CDXS) report on this Form 4?

The Form 4 reports that a Codexis director sold 8,952 shares of common stock on 11/21/2025 in an open-market sale coded as transaction type "S".

At what price were the 8,952 Codexis (CDXS) shares sold?

The shares were sold at a weighted average price of $1.5626 per share, with individual trades executed in a price range from $1.55 to $1.615.

How many Codexis (CDXS) shares does the insider own after this sale?

After the reported sale, the insider beneficially owns 138,951 shares of Codexis common stock, held directly.

How many restricted stock units are included in the insider’s Codexis holdings?

The beneficial ownership figure includes 40,983 restricted stock units, which are part of the total 138,951 shares reported.

What does the price range disclosure mean in the Codexis Form 4?

The filing explains that the transaction was executed in multiple trades between $1.55 and $1.615, and that the insider can provide full trade-by-trade details upon request.

Is this Codexis (CDXS) Form 4 filed for one reporting person or a group?

The document indicates that the Form is filed by one reporting person, not by a group of insiders.