Aftab Dana 4

What Happened
Aftab Dana, Executive Vice President, Research & Development at Exelixis (EXEL), had 39,205 shares withheld and disposed on February 15, 2026 to satisfy tax liabilities tied to vesting equity awards. The transactions were two withholdings of 26,485 shares and 12,720 shares, each at $43.92 per share, for total proceeds of about $1,721,883 (reported as $1,163,221 and $558,662).

Key Details

• Transaction date(s) and price(s): 2026-02-15 — 26,485 shares @ $43.92 and 12,720 shares @ $43.92.
• Total value: approximately $1.72 million combined.
• Transaction code: F — shares were withheld to satisfy tax withholding on vested awards (not an open-market sale).
• Footnotes of note:
  • F1/F3: Withholding relates to tax payable on vesting of prior performance- and time-based restricted stock units (awards dated Mar 4, 2022 and Jan 5, 2023).
  • F2: Filing notes 414,043 shares are issuable upon vesting of RSUs/PSUs from a March 31, 2025 award.
  • F4: Includes shares held under Exelixis 401(k) plan per plan statement dated Feb 13, 2026.
• Filing/Timeliness: Report filed Feb 18, 2026 for a Feb 15, 2026 transaction (within the standard two-business-day filing window, accounting for the Presidents’ Day holiday).

Context
These were tax-withholding dispositions (common when restricted stock units or performance stock units vest), which are routine and do not necessarily indicate insider sentiment about the company. Transaction code F denotes withholding of company stock to cover taxes rather than an open-market sale.