Key facts
- This page summarizes Michael Morrissey's Form 4 filing for EXELIXIS, INC. (EXEL).
- 8 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 Feb 2026, 20:49.
Michael Morrissey - 13 Feb 2026 Form 4 Insider Report for EXELIXIS, INC. (EXEL)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- EXEL
- Reported as of
- 13 Feb 2026
- Net transaction value
- -$10,978,567
- SEC form
- 4
- Accepted by SEC
- 18 Feb 2026, 20:49:15 UTC
- Prior SEC filing
- 16 Jan 2026
- Next SEC filing
- 02 Mar 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nina Ayer, Attorney in Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Morrissey filed Form 4 for EXELIXIS, INC. (EXEL) on 18 Feb 2026.
Change
- Previous filing in this sequence was filed on 16 Jan 2026.
- Current net transaction value: -$10,978,567.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001202096
Primary reporting owner
MORRISSEY MICHAEL
- Relationship
- President and CEO, Director
- Address
- C/O EXELIXIS, INC., 1851 HARBOR BAY PARKWAY, ALAMEDA
- Signature
- /s/ Nina Ayer, Attorney in Fact
- Signature date
- 18 Feb 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
EXEL
transaction
Common Stock
Options Exercise
- Transaction value
- $10,542,057
- Shares
- +494,700
- Change %
- +27%
- Price
- $21.31
- Shares after
- 2,319,941
- Date
- 13 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
EXEL
transaction
Common Stock
Tax liability
- Transaction value
- $16,233,096
- Shares
- -369,606
- Change %
- -16%
- Price
- $43.92
- Shares after
- 1,950,335
- Date
- 13 Feb 2026
- Ownership
- Direct
- Footnotes
- F1, F2
EXEL
transaction
Common Stock
Tax liability
- Transaction value
- $5,287,529
- Shares
- -120,390
- Change %
- -6.2%
- Price
- $43.92
- Shares after
- 1,829,945
- Date
- 15 Feb 2026
- Ownership
- Direct
- Footnotes
- F1, F3
EXEL
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- -250,736
- Change %
- -14%
- Price
- $0.000000
- Shares after
- 1,579,209
- Date
- 17 Feb 2026
- Ownership
- Direct
- Footnotes
- F1, F4
EXEL
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- +250,736
- Change %
- +15%
- Price
- $0.000000
- Shares after
- 1,965,140
- Date
- 17 Feb 2026
- Ownership
- By Trust
- Footnotes
- F4, F5
EXEL
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- -125,094
- Change %
- -7.9%
- Price
- $0.000000
- Shares after
- 1,454,115
- Date
- 18 Feb 2026
- Ownership
- Direct
- Footnotes
- F1, F6
EXEL
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- +125,094
- Change %
- +6.4%
- Price
- $0.000000
- Shares after
- 2,090,234
- Date
- 18 Feb 2026
- Ownership
- By Trust
- Footnotes
- F5, F6
EXEL
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 17,728
- Date
- 13 Feb 2026
- Ownership
- By 401(k)
- Footnotes
- F7
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
- -494,700
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 13 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 494,700
- Exercise price
- $21.31
- Footnotes
- F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
Includes 1,454,115 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("RSUs") and PSUs granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs"). Each RSU is the economic equivalent of one share of Common Stock and each One-Time Award PSU represents a contingent right to receive one share of Common Stock.
Footnote F2
Represents a "net exercise" of an outstanding stock option to purchase 494,700 shares, and pursuant to which the Reporting Person received 125,094 shares of Common Stock. The Issuer withheld 369,606 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using the closing stock price on January 13, 2026 of $43.92.
Footnote F3
Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of performance-based restricted stock units awarded on March 4, 2022, for which the Compensation Committee certified that Exelixis, Inc. had achieved certain performance criteria on January 16, 2025.
Footnote F4
On February 17, 2026, the Reporting Person gifted 250,736 shares of Common Stock to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Trust dated July 21, 1994, as amended.
Footnote F5
Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
Footnote F6
On February 18, 2026, the Reporting Person gifted 125,094 shares of Common Stock to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Trust dated July 21, 1994, as amended.
Footnote F7
Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of February 13, 2026.
Footnote F8
The option, representing the right to purchase a total of 494,700 shares of Common Stock, became fully exercisable on March 4, 2025.