[SCHEDULE 13G] CODEXIS, INC. Passive Investment Disclosure (>5%)
Codexis holder reports 7.3% ownership stake
Codexis, Inc. is reported to have a significant ownership position held by Telemark Asset Management, LLC, Telemark Fund, LP and Colin S. McNay, who jointly report beneficial ownership of 7,846,411 shares of Codexis common stock.
Codexis, Inc. is reported to have a significant ownership position held by Telemark Asset Management, LLC, Telemark Fund, LP and Colin S. McNay, who jointly report beneficial ownership of 7,846,411 shares of Codexis common stock. This represents 7.3% of the outstanding common shares, with all such shares subject to shared voting and shared dispositive power and no sole voting or dispositive power reported.
The ownership percentage is calculated based on 107,561,409 shares of Codexis common stock outstanding, as referenced in a final prospectus supplement dated July 24, 2026. The reporting entities are organized in Delaware, and Mr. McNay is a United States citizen. A joint filing agreement among the reporting persons is referenced as an exhibit.
Positive
None.
Negative
None.
Key Figures
Shares beneficially owned:7,846,411 sharesOwnership percentage:7.3%Shares outstanding:107,561,409 shares+3 more
6 metrics
Shares beneficially owned7,846,411 sharesCommon stock of Codexis reported as beneficially owned by the group
Ownership percentage7.3%Percentage of Codexis common stock beneficially owned by the reporting persons
Shares outstanding107,561,409 sharesCodexis common stock outstanding used to calculate ownership percentage as of July 24, 2026 reference
Shared voting power7,846,411 sharesNumber of shares over which the reporting persons have shared voting power
Sole voting power0 sharesNumber of Codexis shares with sole voting power reported by each reporting person
Shared dispositive power7,846,411 sharesNumber of shares over which the reporting persons have shared dispositive power
"the beneficial owner of any securities covered by this Statement other than"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerregulatory
"6 | Shared Voting Power 7,846,411.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"8 | Shared Dispositive Power 7,846,411.00"
dispositive powerregulatory
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 7,846,411.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Joint Filing Agreementregulatory
"Exhibit A: Joint Filing Agreement among the Reporting Persons"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many CDXS shares are reported as beneficially owned by Telemark and related parties?
Telemark Asset Management, Telemark Fund, LP and Colin S. McNay report beneficial ownership of 7,846,411 shares of Codexis (CDXS) common stock, all held with shared voting and dispositive power and no sole power reported.
What percentage of Codexis (CDXS) does Telemark’s group own according to this Schedule 13G?
The reporting persons state they beneficially own 7.3% of Codexis (CDXS) common stock. This percentage is based on 107,561,409 shares outstanding as referenced in a prospectus supplement dated July 24, 2026.
What is the total number of Codexis (CDXS) shares outstanding used in the ownership calculation?
The ownership calculation is based on 107,561,409 shares of Codexis (CDXS) common stock outstanding, as indicated by a final prospectus supplement filed on July 24, 2026 and referenced in the ownership disclosure.
Do the reporting persons on Codexis (CDXS) have sole or shared voting power over the shares?
The reporting persons disclose 0 shares with sole voting power and 7,846,411 shares with shared voting power. They likewise report shared dispositive power over the same shares and no sole dispositive power.
Who are the reporting persons in the Codexis (CDXS) Schedule 13G filing?
The reporting persons are Telemark Asset Management, LLC, Telemark Fund, LP, and Colin S. McNay. Telemark is the investment adviser to Telemark Fund, and Mr. McNay is the president and sole owner of Telemark Asset Management.
Where are the Codexis (CDXS) Schedule 13G reporting persons organized or citizens of?
Telemark Asset Management, LLC and Telemark Fund, LP are organized in Delaware, and Colin S. McNay is a United States citizen. Their principal office address is One International Place, Suite 4620, Boston, Massachusetts 02110.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CODEXIS, INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
192005106
(CUSIP Number)
07/24/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
192005106
1
Names of Reporting Persons
Telemark Asset Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,846,411.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,846,411.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,846,411.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.3 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
192005106
1
Names of Reporting Persons
Telemark Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,846,411.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,846,411.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,846,411.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
192005106
1
Names of Reporting Persons
Colin S. McNay
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,846,411.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,846,411.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,846,411.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CODEXIS, INC.
(b)
Address of issuer's principal executive offices:
200 PENOBSCOT DRIVE, REDWOOD CITY, CA, 94063
Item 2.
(a)
Name of person filing:
This statement on Schedule 13G (this "Statement") is being jointly filed by Telemark Asset Management, LLC ("TAM"), Telemark Fund, LP ("TF") and Colin McNay ("Mr. McNay" and, together with TAM and TF, the "Reporting Persons"). TAM is the investment adviser of TF. Mr. McNay is the President and sole owner of TAM.
Each Reporting Person declares that neither the filing of this Statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or any other purpose, the beneficial owner of any securities covered by this Statement other than the securities actually owned by such person (if any).
(b)
Address or principal business office or, if none, residence:
The address of the principal office of each Reporting Person is:
One International Place, Suite 4620
Boston, Massachusetts 02110
(c)
Citizenship:
TAM is a Delaware limited liability company; TF is a Delaware limited partnership; and Mr. McNay is a United States citizen.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
192005106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See response to Item 9 on each cover page.
(b)
Percent of class:
See response to Item 11 on each cover page. The percentage reported in this Statement is based upon 107,561,409 shares of Common Stock outstanding according to the final prospectus supplement filed by the Issuer with the U.S. Securities and Exchange Commission on July 24, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to Item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to Item 8 on each cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Telemark Asset Management, LLC
Signature:
/s/ Brian C. Miley
Name/Title:
Chief Financial Officer
Date:
07/29/2026
Telemark Fund LP
Signature:
/s/ Brian C. Miley
Name/Title:
Chief Financial Officer
Date:
07/29/2026
Colin S. McNay
Signature:
/s/ Colin S. McNay
Name/Title:
Individual
Date:
07/29/2026
Exhibit Information
Exhibit A: Joint Filing Agreement among the Reporting Persons, dated July 29, 2026.
