Haley Patrick J. 4

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.