Aftab Dana 4
4 · EXELIXIS, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Exelixis EVP Aftab Dana Sells 30,578 Shares (Tax Withholding)
What Happened
Aftab Dana, Executive Vice President, Research & Development at Exelixis (EXEL), had 30,578 shares of company stock withheld and disposed to satisfy tax withholding tied to vested restricted stock units (RSUs). The shares were valued at $51.10 each, totaling approximately $1,562,536. This was a withholding/disposition to cover tax liability on RSU vesting — a routine, non-speculative event rather than an open-market sale for investment purposes.
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed within the required reporting window).
- Price and amount: 30,578 shares withheld/disposed at $51.10 per share; total ~ $1,562,536.
- Transaction code: F — shares withheld to satisfy tax obligations on vested awards.
- Footnotes:
- F1: Withholding relates to RSUs granted on Mar 4, 2022; Apr 3, 2023; Feb 23, 2024; and Feb 26, 2025.
- F2: Form notes 405,966 RSUs remain to be issued upon vesting, plus 646 ESPP shares acquired Apr 30, 2026.
- F3: Also reports shares held under the Exelixis 401(k) plan per a May 14, 2026 statement.
- Shares owned after transaction: Form indicates beneficial ownership includes outstanding/unvested RSUs (405,966) and plan holdings; the filing details those components rather than a single consolidated total.
Context
This was a tax-withholding disposition tied to RSU vesting (common for executives) — not a voluntary open-market sale that might signal a change in sentiment. For retail investors, purchases or open-market sales are generally more informative; tax withholdings are routine administrative events.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-15$51.10/sh−30,578$1,562,536→ 638,192 total
- 5,835(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units ("RSUs") awarded on March 4, 2022, April 3, 2023, February 23, 2024, and February 26, 2025.
- [F2]Includes 405,966 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of RSUs, the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs") and 646 shares of Common Stock acquired on April 30, 2026, pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan. 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 May 14, 2026.