4//SEC Filing
MORRISSEY MICHAEL 4
Accession 0000939767-25-000079
CIK 0000939767other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 8:57 PM ET
Size
15.4 KB
Accession
0000939767-25-000079
Insider Transaction Report
Form 4
EXELIXIS, INC.EXEL
MORRISSEY MICHAEL
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2025-05-14$18.80/sh+308,365$5,797,262→ 1,931,374 total - Tax Payment
Common Stock
2025-05-14$44.65/sh−220,494$9,845,057→ 1,710,880 total - Tax Payment
Common Stock
2025-05-15$44.65/sh−104,769$4,677,936→ 1,606,111 total - Gift
Common Stock
2025-05-16−87,871→ 1,518,240 total - Gift
Common Stock
2025-05-16+87,871→ 1,852,856 total(indirect: By Trust) - Exercise/Conversion
Option (right to buy)
2025-05-14−308,365→ 0 totalExercise: $18.80From: 2019-09-10Exp: 2025-09-09→ Common Stock (308,365 underlying)
Holdings
- 17,728(indirect: By 401(k))
Common Stock
Footnotes (7)
- [F1]Includes 1,416,692 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"). 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.
- [F2]Represents a "net exercise" of an outstanding stock option to purchase 308,365 shares, and pursuant to which the Reporting Person received 87,871 shares, of Common Stock. The Issuer withheld 220,494 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using the closing stock price on May 14, 2025 of $44.65.
- [F3]Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of RSUs awarded on March 4, 2022, April 3, 2023, and February 23, 2024.
- [F4]On May 16, 2025, the Reporting Person gifted 87,871 shares of Common Stock to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Trust dated July 21, 1994, as amended.
- [F5]Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
- [F6]Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 14, 2025.
- [F7]The option, representing the right to purchase a total of 308,365 shares of Common Stock, became fully exercisable on September 10, 2022.
Documents
Issuer
EXELIXIS, INC.
CIK 0000939767
Entity typeother
Related Parties
1- filerCIK 0001202096
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 8:57 PM ET
- Size
- 15.4 KB