Haley Patrick J. 4

What Happened

• Patrick J. Haley, Executive Vice President, Commercial of Exelixis, had 33,265 shares of company stock withheld on 2026-05-15 to satisfy taxes related to vested restricted stock units (RSUs). The shares were valued at $51.10 each for a total of $1,699,842. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed on time).
• Shares withheld/disposed: 33,265 at $51.10 per share; total value ≈ $1,699,842.
• Transaction code: F — shares withheld by the company to satisfy tax withholding on vesting.
• Footnotes: Withholding covers RSUs granted on March 4, 2022; April 3, 2023; February 23, 2024; and February 26, 2025 (F1). Filing notes the reporting person also has 356,992 RSU/PSU shares pending vest and 646 shares from the April 30, 2026 ESPP (F2). The filing does not state a single total “shares owned after” number in the provided extract.
• Not a 10b5-1 or gift; routine tax-related withholding.

Context

• Tax-withholding dispositions are routine when RSUs vest: the company retains (or “withholds”) shares to cover the employee’s tax bill rather than the insider selling shares on the open market. Such transactions typically do not signal a change in the insider’s view of the company.