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

Opaleye Management Inc. reports acquiring additional shares of Codexis, Inc., increasing its beneficial ownership.

Summary

• Opaleye Management Inc., a 10% owner of Codexis, Inc. (CDXS), filed a Form 4 detailing recent transactions.
• On April 30, 2025, Opaleye Management Inc. purchased 25,000 shares of CDXS common stock at a weighted average price of $2.3064 per share.
• On May 1, 2025, the firm acquired an additional 20,000 shares at a weighted average price of $2.3218 per share.
• Following these transactions, Opaleye Management Inc. beneficially owns 9,675,000 shares through Opaleye, L.P., and 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: The sentiment is neutral. It's a routine disclosure of stock purchases, indicating a slightly positive view from a major shareholder but without explicit commentary.

Positives

• Opaleye Management Inc.'s increased investment could signal confidence in Codexis, Inc.'s future prospects.

Management Comments

• Opaleye Management Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest.

Industry Context

This filing reflects routine trading activity by a significant shareholder. It's common for investment firms to adjust their positions in companies they follow.

Stakeholder Impact

• The increased stake by Opaleye Management Inc. could be viewed positively by shareholders.

Key Dates

Keywords

Opaleye Management Inc., Codexis, CDXS, Form 4, Beneficial Ownership, Share Purchase, Investment