Jeffrey Hessekiel - 17 May 2021 Form 4 Insider Report for EXELIXIS, INC. (EXEL)

Signature
/s/ Nina Ayer, Attorney in Fact
Issuer symbol
EXEL
Transactions as of
17 May 2021
Net transactions value
-$938,208
Form type
4
Filing time
17 Nov 2022, 19:46:10 UTC
Next filing
04 Oct 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXEL Common Stock Sale $457,020 -18,000 -2.9% $25.39 604,822 17 May 2021 Direct F1, F2, F3
transaction EXEL Common Stock Sale $361,260 -18,000 -3% $20.07 586,822 16 May 2022 Direct F1, F4
transaction EXEL Common Stock Tax liability $119,928 -7,177 -1.2% $16.71 579,645 15 Nov 2022 Direct F5, F6
holding EXEL Common Stock 999 17 May 2021 By 401(k) F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 30, 2020.
F2 Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $25.09 to $25.71. 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 2 to this Form 4.
F3 Includes 144,674 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units and 18 shares of common stock acquired on October 31, 2022, pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan.
F4 Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $20.00 to $20.29. 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 4 to this Form 4.
F5 Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of performance-based restricted stock units awarded on September 11, 2020, for which the Compensation Committee certified that Exelixis, Inc. had achieved certain performance criteria on September 30, 2021.
F6 Includes 130,199 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.
F7 Represents shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of November 14, 2022.