Hefti Brenda 4

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).