Michael Morrissey - May 12, 2021 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Role
President and CEO, Director
Signature
/s/ Jennifer Drimmer Rokovich, Attorney in Fact
Stock symbol
EXEL
Transactions as of
May 12, 2021
Transactions value $
-$551,794
Form type
4
Date filed
5/14/2021, 08:51 PM
Next filing
Oct 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXEL Common Stock Gift $0 -40.6K -3.83% $0.00 1.02M May 10, 2021 By Trust F1, F2
transaction EXEL Common Stock Options Exercise $210K +50K +10.17% $4.20* 542K May 12, 2021 Direct F3
transaction EXEL Common Stock Tax liability -$762K -30.3K -5.59% $25.16 512K May 12, 2021 Direct F4
transaction EXEL Common Stock Gift $0 -19.7K -3.86% $0.00 492K May 14, 2021 Direct F5
transaction EXEL Common Stock Gift $0 +19.7K +1.94% $0.00 1.04M May 14, 2021 By Trust F5
holding EXEL Common Stock 17.7K May 12, 2021 By 401(k) F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EXEL Option (right to buy) Options Exercise $0 -50K -33.33% $0.00 100K May 12, 2021 Common Stock 50K $4.20 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Exelixis, Inc. common stock ("Common Stock") that the Reporting Person donated as a gift to a donor advised fund.
F2 Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
F3 Includes 491,813 shares of Common Stock that will be issued to the Reporting Person upon vesting of restricted stock units.
F4 Represents a "net exercise" of an outstanding stock option. The Reporting Person received 19,722 shares of Common Stock on the net exercise of a stock option to purchase 50,000 shares of Common Stock. The Issuer withheld 30,278 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using a stock price on May 12, 2021 of $25.16.
F5 On May 14, 2021, the Reporting Person gifted 19,722 shares of Common Stock to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Trust dated July 21, 1994, as amended.
F6 Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 11, 2021.
F7 The option, representing the right to purchase a total of 150,000 shares of Common Stock, became fully exercisable on February 11, 2020.