Form 4: CODEXIS Director Sells Shares for Tax

CODEXIS, INC. Director Raymond De Vre sold 1,413 shares of common stock at $1.74 per share to cover tax liabilities from vested Restricted Stock Units.

Summary

• Raymond De Vre, a Director of CODEXIS, INC. (CDXS), reported a sale of common stock.
• The transaction occurred on November 11, 2025.
• A total of 1,413 shares were sold at a price of $1.74 per share.
• The sale was executed to cover tax liabilities incurred from the vesting and release of Restricted Stock Units (RSUs).
• Following this transaction, Raymond De Vre beneficially owns 87,416 shares, which includes 72,880 restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine sale to cover tax liabilities from RSU vesting, which is a common occurrence for executives and directors. It does not indicate a change in fundamental outlook or significant divestment.

Negatives

• A director reduced their direct ownership in the company by selling 1,413 shares.

Stakeholder Impact

• Minor reduction in direct share ownership by a director.
• No material impact on company operations or strategy.

Key Dates

Recommendation

This Form 4 reports a routine, tax-related sale of a small number of shares by a director following the vesting of Restricted Stock Units. Such transactions are common and generally do not reflect a change in the director's confidence in the company's long-term prospects or signal any fundamental shift. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

CODEXIS, CDXS, Form 4, insider trading, stock sale, director, RSU, tax liability, beneficial ownership