Haley Patrick J. 4
4 · EXELIXIS, INC. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
EXELIXIS EVP Patrick J. Haley Sells 32,110 Shares
What Happened
Patrick J. Haley, Executive Vice President, Commercial at Exelixis, sold 32,110 shares of Exelixis, Inc. common stock in an open-market sale on May 20, 2026. The weighted-average sale price was $49.81 per share, producing gross proceeds of approximately $1,599,399. The filing reports the shares were sold in multiple transactions at prices ranging from $49.80 to $49.89.
Key Details
- Transaction date: May 20, 2026 (reported on Form 4 filed May 22, 2026).
- Transaction type/code: Open-market sale (S).
- Shares sold: 32,110 at a weighted-average price of $49.81; total ≈ $1,599,399.
- Price range: $49.80–$49.89 (reporting person may provide per-price breakdown on request).
- Shares owned after transaction: Filing notes include 356,992 RSUs/PSUs that will be issued upon vesting; the filing does not state a single consolidated total of shares owned following the sale.
- Footnotes: F2 clarifies 356,992 restricted stock units and performance-based units are economic equivalents/contingent rights to receive shares upon vesting.
- Timeliness: Form 4 was filed within the standard two-business-day window following the transaction.
Context
This was an open-market sale (a disposition), which is commonly routine for insiders (liquidity, diversification, tax needs, etc.). The filing does not indicate a 10b5-1 trading plan or other special codes. For retail investors, purchases typically carry clearer signals than routine sales; this entry documents insider selling activity but does not, by itself, indicate a change in company outlook.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-20$49.81/sh−32,110$1,599,399→ 357,638 total
Footnotes (2)
- [F1]Represents the weighted average sales price. The shares of Exelixis, Inc. common stock ("Common Stock") were sold in multiple transactions at prices ranging from $49.80 to $49.89. Reporting Person undertakes to provide Exelixis, Inc., any security holder of Exelixis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4.
- [F2]Includes 356,992 shares of Common Stock that will be issued to the Reporting Person upon vesting of restricted stock units ("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.