Patrick J. Haley - Oct 2, 2024 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Signature
/s/ Nina Ayer, Attorney in Fact
Stock symbol
EXEL
Transactions as of
Oct 2, 2024
Transactions value $
-$105,942
Form type
4
Date filed
10/3/2024, 09:22 PM
Previous filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXEL Common Stock Options Exercise $2.44M +100K +29.32% $24.41 441K Oct 2, 2024 Direct F1
transaction EXEL Common Stock Tax liability -$2.55M -96.1K -21.79% $26.50 345K Oct 2, 2024 Direct F1, F2
holding EXEL Common Stock 10.6K Oct 2, 2024 By 401(k) F3
holding EXEL Common Stock 23.5K Oct 2, 2024 By spouse

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 -100K -100% $0.00 0 Oct 2, 2024 Common Stock 100K $24.41 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 239,572 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("RSUs"). Each RSU is the economic equivalent of one share of Common Stock.
F2 Represents a "net exercise" of an outstanding stock option to purchase 100,000 shares, and pursuant to which the Reporting Person received 3,889 shares, of Common Stock. The Issuer withheld 96,111 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using the closing stock price on October 2, 2024 of $26.50.
F3 Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of October 1, 2024.
F4 The option, representing the right to purchase a total of 100,000 shares of Common Stock, became fully exercisable on October 3, 2021.