Form 4: Opaleye Management Inc. Increases Stake in Codexis, Inc.

Opaleye Management Inc. reports increased ownership in Codexis, Inc. through open market purchases.

Summary

• Opaleye Management Inc., a 10% owner of Codexis, Inc., has reported changes in its beneficial ownership.
• On March 20, 2025, Opaleye Management Inc. acquired 7,077 shares of common stock at a weighted average price of $2.5386 per share, bringing their total indirect ownership through Opaleye, L.P. to 9,157,077 shares.
• On March 21, 2025, they further acquired 92,923 shares at a weighted average price of $2.5426 per share, increasing their indirect ownership through Opaleye, L.P. to 9,250,000 shares.
• Additionally, Opaleye Management Inc. indirectly owns 250,000 shares through a managed account.
• Opaleye Management Inc. disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions. The increased stake could be seen as mildly positive, but it's not a definitive indicator of future performance.

Positives

• Opaleye Management Inc.'s increased investment could be interpreted as a positive signal regarding their confidence in Codexis, Inc.'s future prospects.

Industry Context

This filing reflects the ongoing investment activity of a significant shareholder in Codexis, Inc. and is typical for companies with active institutional ownership.

Stakeholder Impact

• The increased ownership by Opaleye Management Inc. may be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates

Keywords

Opaleye Management Inc., Codexis, Inc., Beneficial Ownership, Stock Acquisition, Form 4, CDXS