MORRISSEY MICHAEL 4

4 · EXELIXIS, INC. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Exelixis CEO Michael Morrissey Gifts 100,278 Shares

What Happened

Michael Morrissey, President, CEO and a director of Exelixis, gifted 100,278 shares of Exelixis common stock to the Bombora Rise Foundation on February 24, 2026 (reported disposed; $0). Two days later, on February 26, 2026, he was granted 160,437 restricted stock units (RSUs) under the Exelixis 2017 Equity Incentive Plan (reported acquired; $0). The RSUs represent rights to receive shares upon vesting rather than an immediate cash purchase.

Key Details

Transaction dates and prices:
- 2026-02-24: Gift of 100,278 shares to Bombora Rise Foundation — reported at $0.00 per share (disposition).
- 2026-02-26: Grant of 160,437 RSUs — reported at $0.00 per share (acquisition/award).
Vesting and award terms:
- The RSUs granted 2/26/2026 will vest 1/4 on May 15, 2027 and 1/4 on each subsequent May 15 until fully vested (per footnote F3).
- Filing also references 1,614,552 shares that will be issued upon vesting of previously granted RSUs and a March 31, 2025 performance-based PSU award (footnote F4).
Other holdings noted:
- Shares held by Michael M. Morrissey and Meghan D. Morrissey as trustees of the Morrissey Family Living Trust (F2).
- Shares under the Exelixis 401(k) Plan as of Feb 26, 2026 (F5).
Filing date and timeliness:
- Form filed March 2, 2026 reporting transactions on Feb 24 and Feb 26. Form 4s are typically due within two business days of a reportable transaction; check the filing for any late-reporting notation.

Context

Gifts are typically philanthropic and do not necessarily indicate personal trading sentiment; the gift here was to the Bombora Rise Foundation.
The 160,437 RSUs are awards, not immediate purchases — they convert to common stock only as they vest over multiple years.
No cash changed hands for either transaction as reported ($0 values).

Form 4

Period: 2026-02-24

DirectorPresident and CEO

Transactions

Gift
Common Stock
[F1][F2]
2026-02-24−100,278→ 1,989,956 total(indirect: By Trust)
Award
Common Stock
[F3][F4]
2026-02-26+160,437→ 1,614,552 total

Holdings

Footnotes (5)

[F1]On February 24, 2026, the Reporting Person gifted 100,278 shares of Exelixis, Inc. common stock ("Common Stock") to the Bombora Rise Foundation.
[F2]Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
[F3]Represents shares of Common Stock that will be issued to the Reporting Person upon the vesting of restricted stock units ("RSUs"). The RSUs were granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan. The RSUs will vest as to 1/4th of the original number of shares subject to the RSU award on May 15, 2027 and thereafter as to 1/4th of the original number of shares subject to the RSU award on each May 15th until fully vested.
[F4]Includes 1,614,552 shares of Common Stock that will be issued to the Reporting Person upon vesting of RSUs and the performance-based restricted stock unit award 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.
[F5]Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of February 26, 2026.

Signature

/s/ Nina Ayer, Attorney in Fact|2026-03-02

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