Haley Patrick J. 4

What Happened
Patrick J. Haley, Executive Vice President, Commercial at Exelixis (EXEL), was granted 40,459 restricted stock units (RSUs) on February 26, 2026. The grant is reported on a Form 4 with a $0 acquisition price (typical for compensation awards) — there was no cash purchase or sale. These RSUs will convert into shares if and when they vest, so this is a compensation award rather than an open-market trade.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02. Transaction code: A (award/grant).
• Award size: 40,459 RSUs; reported acquisition price: $0 (no cash paid).
• Vesting: RSUs vest 1/4 on May 15, 2027 and 1/4 on each May 15 thereafter until fully vested (per footnote F1). Award granted under the Exelixis, Inc. 2017 Equity Incentive Plan.
• Other outstanding awards: filing notes (F2) that 422,367 shares will be issuable upon vesting of other RSUs and a March 31, 2025 performance-based PSU award.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: filed March 2, 2026; the Form 4 shows the report date and does not indicate a late filing.

Context
RSUs are compensation awards that convert to actual shares only upon vesting; they carry no immediate cash value on the Form 4 (hence the $0 price). Performance stock units (PSUs) noted in the filing are contingent on meeting performance goals before conversion. Awards like this are routine executive compensation and do not by themselves signal buying or selling intent.