CODEXIS director granted 66,350 stock options
CODEXIS, INC. director Christos Richards received a grant of stock options covering 66,350 shares of common stock at an exercise price of $2.48 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CODEXIS, INC. director Christos Richards received a grant of stock options covering 66,350 shares of common stock at an exercise price of $2.48 per share. The options were awarded at no cost, vesting in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, subject to his continued board service, and will expire on June 17, 2036.
Insider Trade Summary
Grant/Award: 66,350 shares
Grant/Award
1 txn
Insider
Richards Christos
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 66,350 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 66,350 options (Direct)
Holdings Before and After:
Stock Option (Right to Buy), 0 to 66,350 options (Direct)
Footnotes (1)
- F1. This option vests and becomes exercisable with respect to all of the shares subject to the award on the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the director's continued service to the Company on such vesting date.
Key Figures
Option grant size: 66,350 shares
Exercise price: $2.48 per share
Total options after grant: 66,350 options
+1 more
4 metrics
Option grant size
66,350 shares
Underlying common stock in new option award
Exercise price
$2.48 per share
Stock option conversion or exercise price
Total options after grant
66,350 options
Total derivative securities following transaction
Expiration date
June 17, 2036
Option expiration for the grant
Key Terms
Stock Option (Right to Buy), grant/award acquisition, exercise price, expiration date, +2 more
6 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.
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.
vests and becomes exercisable financial
"This option vests and becomes exercisable with respect to all of the shares"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CODEXIS (CDXS) director Christos Richards report in this Form 4?
Christos Richards reported receiving a grant of stock options for 66,350 shares of CODEXIS common stock. These options were granted at no cost and give him the right to buy shares at a fixed $2.48 exercise price before they expire in June 2036.
What is the exercise price and expiration date of the CODEXIS (CDXS) options?
The options have an exercise price of $2.48 per share and expire on June 17, 2036. This means Richards can choose to buy CODEXIS common stock at $2.48 any time after vesting and before the June 17, 2036 expiration date.
When do Christos Richards’ CODEXIS (CDXS) stock options vest?
The options vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on Richards’ continued service as a director on that vesting date, as described in the Form 4 footnote.
Is the new CODEXIS (CDXS) option grant held directly by Christos Richards?
Yes. The Form 4 lists the ownership type as direct with an ownership code of “D.” There is no footnote indicating that the options are held through a trust, partnership, or other indirect entity on his behalf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
