Form 4: Opaleye Management Inc. Increases Stake in Codexis, Inc. Through Open Market Purchases

Opaleye Management Inc., a 10% owner of Codexis, Inc., has increased its holdings through a series of open market purchases between April 1st and April 3rd, 2025.

Summary

• Opaleye Management Inc., a 10% owner of Codexis, Inc. (CDXS), has filed a Form 4 disclosing purchases of common stock.
• On April 1, 2025, Opaleye Management Inc. purchased 35,000 shares at a weighted average price of $2.4792 per share.
• On April 2, 2025, the firm acquired an additional 5,000 shares at a weighted average price of $2.4552 per share.
• On April 3, 2025, Opaleye Management Inc. bought 75,000 shares at a weighted average price of $2.3032 per share.
• Following these transactions, Opaleye Management Inc. beneficially owns 9,365,000 shares through Opaleye, L.P. and 250,000 shares through a managed account.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence, but it's a routine transaction.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders and major shareholders.

Stakeholder Impact

• The increased ownership by Opaleye Management Inc. could positively influence investor sentiment.

Key Dates

Keywords

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