CODEXIS, INC. — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CODEXIS, INC. (CDXS)
CIK: 0001200375
Period of Report: 2021-02-16

Reporting Person: NICOLS JOHN J (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-16	Stock Option (Right to Buy)	$14.43	A	198000	Acquired	2030-02-11	Common Stock (198000)	Direct
2021-02-16	Stock Option (Right to Buy)	$26.16	A	35000	Acquired	2031-02-16	Common Stock (35000)	Direct

Footnotes

F1: On February 11, 2020, the issuer granted the reporting person an option that commences vesting in respect of a number of shares of the issuer's common stock determined based on the satisfaction of certain performance criteria for the fiscal year ended December 31, 2020 with any remaining shares forfeited. On February 16, 2021, the compensation committee of the issuer's board of directors certified achievement of the performance criteria at 88% of the target level, which will result in the vesting of the option with respect to 99,000 shares on March 5, 2021 and 99,000 shares on March 5, 2022, in each case subject to the reporting person's continued service to the issuer through such vesting date.

F2: Option vests with respect to 25% of the shares subject thereto on February 16, 2022, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on February 16, 2025.