MORRISSEY MICHAEL 4

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).