Haley Patrick J. 4
4 · EXELIXIS, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Exelixis (EXEL) EVP Haley Patrick J. Sells Shares
What Happened
Haley Patrick J., Executive Vice President, Commercial at Exelixis, reported dispositions tied to vesting and open-market sales. On 2026-02-15, 31,483 shares were withheld by Exelixis to satisfy taxes on performance-based RSUs (31,483 @ $43.92, $1,382,733). On 2026-02-17, the reporting person sold shares in the open market: 3,036 shares at a weighted average price of $43.84 ($133,098) and 64,778 shares at a weighted average price of $43.50 ($2,817,843). Total open-market proceeds were about $2,950,941; total shares disposed including withholding were 99,297 for combined value ≈ $4.33M. These transactions are sales/withholding (not purchases).
Key Details
- Transaction types: F = tax withholding for vested PSUs/RSUs; S = open market sales.
- Dates & prices:
- 2026-02-15: 31,483 shares withheld @ $43.92 (F) — $1,382,733 (tax withholding tied to PSU vesting certified 1/16/2025 for awards from 3/4/2022).
- 2026-02-17: 3,036 shares sold @ weighted $43.84 (range $43.80–$43.84) — $133,098 (F3).
- 2026-02-17: 64,778 shares sold @ weighted $43.50 (range $43.50–$43.64) — $2,817,843 (F4).
- Shares owned after the transactions are not explicitly listed in the excerpt provided. The filing notes 381,908 shares will be issuable upon vesting of RSUs/PSUs from the March 31, 2025 “One-Time Award” (F2).
- Footnotes: F1 explains shares withheld to cover taxes on performance-based RSUs; F3/F4 note weighted-average sale prices and price ranges and offer to provide per-trade breakdown on request.
Context
Tax-withholding via share retention is a common, administrative disposition to satisfy tax liabilities upon vesting and does not signal a separate open-market sale decision. The open-market transactions on 2/17 were sales by an executive and generated cash proceeds; such sales are routine insider activity and should be viewed as dispositions (not purchases). The filing was submitted on 2026-02-18 reporting the above transactions; no late-filing indication is provided in the information shown.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-15$43.92/sh−31,483$1,382,733→ 449,722 total - Sale
Common Stock
[F3][F2]2026-02-17$43.84/sh−3,036$133,098→ 446,686 total - Sale
Common Stock
[F4][F2]2026-02-17$43.50/sh−64,778$2,817,843→ 381,908 total
Footnotes (4)
- [F1]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.
- [F2]Includes 381,908 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.
- [F3]Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $43.80 to $43.84. 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 3 to this Form 4.
- [F4]Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $43.50 to $43.64. 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.