Martinborough Esther 4

What Happened Esther Martinborough, a director of Codexis, Inc. (CDXS), was granted a derivative award covering 66,350 shares on 2026-06-17. The filing reports a $0.00 acquisition price for the award (reported as a derivative security). This is a compensation grant 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 filing).
• Transaction type/code: Award/Grant (A); derivative security covering 66,350 shares.
• Reported price: $0.00 (no cash paid reported for the award).
• Shares owned after transaction: not specified in the provided filing summary.
• 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 Martinborough’s continued service.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided data.

Context This is a director compensation grant (derivative award) that will become exercisable per the stated vesting condition; it does not represent an open-market buy or sale. Derivative awards become exercisable before resulting in actual share ownership, so the award itself is different from an immediate purchase of common stock.