Aftab Dana 4
4 · EXELIXIS, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Exelixis EVP Aftab Dana Receives 52,018 RSU Award
What Happened
Aftab Dana, Executive Vice President of Research and Development at Exelixis (EXEL), was granted 52,018 restricted stock units (RSUs) on February 26, 2026. The award was granted at $0.00 per share (an equity grant), so no cash was exchanged. The RSUs will convert into shares if and when they vest under the company’s 2017 Equity Incentive Plan.
Key Details
- Transaction date: 2026-02-26; grant type: Award/Acquisition (A); price reported: $0.00.
- Vesting: 1/4 of the original award vests on May 15, 2027, then 1/4 each May 15 thereafter until fully vested. (Footnote F1)
- Additional holdings disclosed: filing references 466,061 shares that will be issued upon vesting of other RSUs/One-Time Award PSUs (granted 3/31/2025) and shares held under the Exelixis 401(k) plan (Footnotes F2, F3). Each RSU/PSU represents a contingent right to one share of common stock.
- Filing: Form 4 filed 2026-03-02 for a 2026-02-26 transaction — within the two-business-day filing window for officers (timely).
Context
RSU grants are compensation/retention awards and are not open‑market purchases or sales; they do not by themselves indicate immediate insider buying or selling sentiment. The RSUs only convert to actual shares if vesting conditions are met; performance-based PSUs are contingent on achieving performance goals.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-26+52,018→ 668,124 total
- 5,835(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 466,061 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.