Hefti Brenda 4
4 · EXELIXIS, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Exelixis SVP Brenda Hefti Receives RSU Award
What Happened
Brenda Hefti, Senior Vice President and General Counsel of Exelixis, was granted 23,119 restricted stock units (RSUs) on February 26, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per share, which is typical for stock‑unit grants (no cash paid at grant).
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (timely filing).
- Grant: 23,119 RSUs; reported price $0.00 (no cash exchanged at grant).
- Vesting (footnote F1): RSUs vest 1/4 on May 15, 2027 and then 1/4 each May 15 thereafter until fully vested.
- Holdings note (footnote F2): Filing references 119,075 shares that will be issued upon vesting of previously granted RSUs and a performance-based PSU award (granted March 31, 2025).
- Retirement plan shares (footnote F3): Some shares are held under the Exelixis 401(k) plan as of Feb 26, 2026.
- Shares owned after transaction: total post-transaction ownership is not explicitly listed in the excerpt; see footnote F2 for amounts pending issuance.
- Transaction code: A = Award/Grant.
Context
This was a grant of restricted stock units, not an open‑market purchase or sale. RSU grants are compensation and vest over time; they do not necessarily indicate a near‑term purchase or sale by the insider. The filing appears timely (filed on the required due date).
Insider Transaction Report
Form 4
EXELIXIS, INC.EXEL
Hefti Brenda
SVP and General Counsel
Transactions
- Award
Common Stock
[F1][F2]2026-02-26+23,119→ 119,631 total
Holdings
- 5,527(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]Represents shares of Exelixis, Inc. common stock ("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.
- [F2]Includes 119,075 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.
- [F3]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