Codexis (NASDAQ: CDXS) director receives 66,350 options vesting in one year
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CODEXIS, INC. director Rahul Singhvi was granted a stock option covering 66,350 shares of common stock. The option has an exercise price of $2.48 per share and expires on June 17, 2036.
The award vests in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, as long as he continues serving as a director on that vesting date. Following this grant, his option holdings from this award total 66,350 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singhvi Rahul
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
Expiration date: June 17, 2036
+1 more
4 metrics
Option grant size
66,350 shares
Stock option covering Codexis common stock
Exercise price
$2.48 per share
Option exercise price for the 66,350 shares
Expiration date
June 17, 2036
Option expiration for this grant
Post-grant option holdings for this award
66,350 shares
Total shares following transaction for this option
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, annual stockholder meeting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
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.
expiration date financial
"expiration_date: 2036-06-17T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
annual stockholder meeting financial
"on the earlier of the first anniversary of the date of grant or the next annual stockholder meeting"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
continued service financial
"subject to the director's continued service to the Company on such vesting date"
FAQ
What did Codexis (CDXS) director Rahul Singhvi report on this Form 4?
Rahul Singhvi reported receiving a stock option grant for 66,350 shares of Codexis common stock. This is a compensation-related award, not an open-market share purchase or sale, and reflects additional equity-based incentives tied to his board service.
What is the exercise price and expiration date of Rahul Singhvi’s Codexis option?
The option has an exercise price of $2.48 per share and expires on June 17, 2036. This means he can choose to buy Codexis shares at $2.48 any time after vesting and before the June 17, 2036 expiration date.
When does the new Codexis (CDXS) option grant to Rahul Singhvi vest?
The option vests in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on his continued service as a director through that vesting date, according to the footnote description.