Jeffrey Hessekiel - Nov 27, 2024 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Role
EVP & General Counsel
Signature
/s/ Nina Ayer, Attorney in Fact
Stock symbol
EXEL
Transactions as of
Nov 27, 2024
Transactions value $
-$3,322,861
Form type
4
Date filed
12/2/2024, 08:29 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXEL Common Stock Options Exercise $2.43M +129K +25.08% $18.80 645K Nov 27, 2024 Direct F1
transaction EXEL Common Stock Tax liability -$3.55M -98.9K -15.34% $35.93 546K Nov 27, 2024 Direct F1, F2
transaction EXEL Common Stock Sale -$2.2M -60K -10.99% $36.67 486K Nov 29, 2024 Direct F1, F3
transaction EXEL Common Stock Gift $0 -15K -3.09% $0.00 471K Nov 29, 2024 Direct F1, F4
holding EXEL Common Stock 999 Nov 27, 2024 By 401(k) F5

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 -129K -100% $0.00 0 Nov 27, 2024 Common Stock 129K $18.80 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 207,072 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 129,314 shares, and pursuant to which the Reporting Person received 30,406 shares, of Common Stock. The Issuer withheld 98,908 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using the closing stock price on November 27, 2024 of $35.93.
F3 Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $36.36 to $36.93. Reporting Person undertakes to provide Exelixis, Inc., any security holder of Exelixis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 to this Form 4.
F4 On November 29, 2024, the Reporting Person gifted 15,000 shares of Common Stock.
F5 Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of November 26, 2024.
F6 The option, representing the right to purchase a total of 129,314 shares of Common Stock, became fully exercisable on September 10, 2022.