Codexis Announces New Employment Inducement Grants
07 April 2023 - 6:05AM
Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company,
today announced the approval of equity grants to two new employees
as approved by the Compensation Committee of Codexis’s Board of
Directors. The newly hired employees received equity awards
consisting of an aggregate of (i) options to purchase 14,881 shares
of Codexis’ common stock and (ii) restricted stock units (RSUs) for
8,928 shares of Codexis common stock as inducement awards under the
company’s 2022 Employee Inducement Incentive Plan. The grants were
made in accordance with Nasdaq Listing Rule 5635(c)(4).
The stock options have an exercise price equal to the closing
price per share of Codexis’ common stock as reported by Nasdaq on
the grant date, and vest over four years, with 25 percent of the
shares vesting on the first anniversary of the grant date, and the
remainder vesting ratably at the end of each subsequent month
thereafter, subject to each employee’s continued service with
Codexis through the applicable vesting dates. The RSUs will entitle
each employee to receive one share of Codexis’ common stock for
each RSU that vests. The RSUs will vest in equal annual
installments on each anniversary of the grant date, until the third
anniversary of such date, subject to each employee’s continued
service with Codexis through the applicable vesting dates.
About Codexis
Codexis is a leading enzyme engineering company leveraging its
proprietary CodeEvolver® platform to discover and develop
novel, high performance enzymes and biotherapeutics. Codexis
enzymes have applications in the sustainable manufacturing of small
molecule pharmaceuticals, in RNA and DNA synthesis and the creation
of next generation life science tools, and as gene therapies and
oral enzyme therapies. Codexis’ unique enzymes can drive
improvements such as higher yields, reduced energy usage and waste
generation, improved return on capital in manufacturing, improved
sensitivity in genomic and diagnostic applications, and more
efficacious therapeutics. For more information,
visit www.codexis.com.
For More Information
Investor ContactCarrie McKim(336) 608-9706ir@codexis.com
Media ContactLauren Musto(781) 572-1147media@codexis.com
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