Aftab Dana 4

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.