Christopher J. Senner - 24 Feb 2025 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Signature
/s/ Nina Ayer, Attorney in Fact
Issuer symbol
EXEL
Transactions as of
24 Feb 2025
Net transactions value
-$508,305
Form type
4
Filing time
26 Feb 2025, 20:00:32 UTC
Previous filing
19 Feb 2025
Next filing
28 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXEL Common Stock Options Exercise $551,103 +29,314 +3.8% $18.80 808,921 24 Feb 2025 Direct F1
transaction EXEL Common Stock Sale $1,059,408 -29,314 -3.6% $36.14 779,607 24 Feb 2025 Direct F1, F2
holding EXEL Common Stock 2,723 24 Feb 2025 By 401(k) F3

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 -29,314 -23% $0.000000 100,000 24 Feb 2025 Common Stock 29,314 $18.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 266,700 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 the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $36.11 to $36.21. 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 2 to this Form 4.
F3 Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of February 24, 2025.
F4 The option, representing the right to purchase a total of 129,314 shares of Common Stock, became fully exercisable on September 10, 2022.