Patrick J. Haley - 14 May 2025 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Reporting relationship: EVP, Commercial
Issuer ticker: EXEL
Reported as of: 14 May 2025
Net transaction value: -$5,850,081
SEC form: 4
Accepted by SEC: 16 May 2025, 20:57:17 UTC
Prior SEC filing: 31 Mar 2025
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Nina Ayer, Attorney in Fact

Key filing fact

Patrick J. Haley filed Form 4 for EXELIXIS, INC. (EXEL) on 16 May 2025.

Key facts

This page summarizes Patrick J. Haley's Form 4 filing for EXELIXIS, INC. (EXEL).
6 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 May 2025, 20:57.

Change

Previous filing in this sequence was filed on 31 Mar 2025.
Current net transaction value: -$5,850,081.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001692954 Primary reporting owner

Haley Patrick J.

Relationship: EVP, Commercial
Address: C/O EXELIXIS, INC., 1851 HARBOR BAY PARKWAY, ALAMEDA
Signature: /s/ Nina Ayer, Attorney in Fact
Signature date: 16 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EXEL transaction

Common Stock

Sale

Transaction value: $426,800
Shares: -10,000
Change %: -2%
Price: $42.68
Shares after: 491,164
Date: 14 May 2025
Ownership: Direct
Footnotes: F1, F2

EXEL transaction

Common Stock

Tax liability

Transaction value: $1,549,578
Shares: -34,705
Change %: -7.1%
Price: $44.65
Shares after: 456,459
Date: 15 May 2025
Ownership: Direct
Footnotes: F2, F3

EXEL transaction

Common Stock

Sale

Transaction value: $469,500
Shares: -10,000
Change %: -2.2%
Price: $46.95
Shares after: 446,459
Date: 15 May 2025
Ownership: Direct
Footnotes: F1, F2

EXEL transaction

Common Stock

Options Exercise

Transaction value: $2,188,000
Shares: +116,383
Change %: +26%
Price: $18.80
Shares after: 562,842
Date: 15 May 2025
Ownership: Direct
Footnotes: F2

EXEL transaction

Common Stock

Sale

Transaction value: $5,592,203
Shares: -116,383
Change %: -21%
Price: $48.05
Shares after: 446,459
Date: 15 May 2025
Ownership: Direct
Footnotes: F2, F4

EXEL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 23,539
Date: 14 May 2025
Ownership: By spouse

EXEL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,648
Date: 14 May 2025
Ownership: By 401(k)
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXEL transaction Derivative

Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -116,383
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 May 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 116,383
Exercise price: $18.80
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 19, 2024.

Footnote F2

Includes 374,029 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("RSUs") and performance-based restricted stock units ("PSUs") and 753 shares of Common Stock acquired on April 30, 2025, pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan. Each RSU is the economic equivalent of one share of Common Stock and each PSU represents a contingent right to receive one share of Common Stock.

Footnote F3

Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of RSUs awarded on March 4, 2021, March 4, 2022, April 3, 2023, and February 23, 2024.

Footnote F4

Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $48.05 to $48.16. 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 4 to this Form 4.

Footnote F5

Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 14, 2025.

Footnote F6

The option, representing the right to purchase a total of 116,383 shares of Common Stock, became fully exercisable on September 10, 2022.