Aftab Dana 4

What Happened
Aftab Dana, Executive Vice President, Research and Development at Exelixis, sold 47,918 shares of Exelixis common stock on February 24, 2026. The shares were disposed at $44.50 per share, for a total transaction value of approximately $2,132,351. This was a sale (not a purchase or exercise).

Key Details

• Transaction date and price: 2026-02-24, 47,918 shares at $44.50 each (open-market/private sale, reported as "S").
• Total proceeds: ~$2,132,351.
• Shares owned after transaction: not specified in the report summary provided.
• Footnotes of note:
  • F1: Reporting person has 414,043 shares that will be issued upon vesting of RSUs and PSUs from a March 31, 2025 award (each RSU = 1 share; PSUs are contingent).
  • F2: Includes shares held under the Exelixis 401(k) Plan as of February 23, 2026.
• Filing timing: Form 4 filed Feb 26, 2026 for a Feb 24, 2026 transaction — within the typical two-business-day SEC window.

Context
This report documents an outright sale by an executive. Sales by insiders can be routine (for diversification, taxes, or other personal reasons) and do not, by themselves, indicate company outlook. The footnotes show the insider still has unvested RSUs/PSUs and 401(k) holdings that may convert to additional shares in the future.