Eckhardt Sue Gail 4

What Happened

• Sue Gail Eckhardt, a director of Exelixis, Inc. (EXEL), received a grant of 8,367 restricted stock units (RSUs) on May 27, 2026. The RSUs were reported as an award (transaction code A) with a reported acquisition price of $0.00 (compensation award, not a market purchase).
• Each RSU represents the economic equivalent of one share of Exelixis common stock and will convert into shares if and when they vest. The RSUs vest 100% on May 27, 2027, subject to her continued service through that date.

Key Details

• Transaction date: 2026-05-27 (grant); Form 4 filed: 2026-05-29 (timely filing).
• Award: 8,367 RSUs granted; reported price: $0.00 (compensation grant).
• Vesting: 100% vests on 2027-05-27, contingent on continuous service.
• Shares issuable upon vesting noted in filing: includes 16,079 shares that will be issued to the reporting person upon vesting of RSUs (per footnote).
• Filing type/code: Form 4, transaction type A (award/grant).
• No indication of sale or purchase in this filing—this is a compensation award, not a market trade.

Context

• RSU grants are common director/executive compensation and do not require immediate cash outlay; they become company stock only if vesting conditions are met.
• This award is informational about future potential dilution and the director’s forthcoming compensation; it is not an immediate buy or sell signal.