Aftab Dana 4

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.