DILLY STEPHEN GEORGE 4

What Happened

• Stephen George Dilly, a director of Codexis, Inc. (CDXS), received a grant/award of 66,350 derivative shares (reported as acquisition at $0.00) on June 17, 2026. The filing records the transaction as a derivative award (transaction code A) with no cash paid at grant. This is a compensation award to a director rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-18 (timely).
• Instrument: Derivative award recorded at $0.00 for 66,350 shares (transaction code A).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The option vests and becomes exercisable for all shares on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, subject to the director’s continued service.
• Filing appears timely (no late filing flag).

Context

• This was a grant of a derivative award (an option that vests/ becomes exercisable per the footnote), not an immediate purchase or sale. It does not indicate an immediate cash gain or sale of shares; any future value depends on vesting and potential exercise terms. Director awards are common compensation and should be interpreted as routine equity compensation unless accompanied by purchases or sales.