PARKER H STEWART 4

What Happened

• Parker H. Stewart, a director of Codexis, was granted an equity award covering 66,350 shares on 2026-06-17. The Form 4 reports the award as a derivative acquisition at $0.00 (no cash paid at grant). This is an award/grant (A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-17; reported price $0.00 (award/grant).
• Shares acquired: 66,350 derivative shares (award).
• Shares owned after transaction: Not disclosed on the provided filing summary.
• Vesting note (from filing): The award 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 Stewart’s continued service.
• Filing timeliness: Report filed 2026-06-18 for a 2026-06-17 transaction (filed the next day; appears timely).

Context

• This was an equity award to a director, a common form of non-cash compensation intended to align interests with shareholders. The $0.00 reporting typically indicates no cash paid at grant (e.g., restricted stock units or other awards) rather than a market purchase. Such grants do not necessarily signal immediate buying or selling pressure, since vesting and exercisability and eventual sales depend on future events and the director’s decisions.