EXEL Form 144: Proposed sale of vested restricted shares

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 notice for proposed sales of Common Stock tied to restricted stock vesting under a registered plan.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 notice for proposed sales of Common Stock tied to restricted stock vesting under a registered plan. The filing lists proposed sale dates of 05/15/2026 and specific parcel sizes of 9,454, 9,833, 8,748, and 6,866 shares.

The notice records the sales as arising from restricted stock vesting under a registered plan with the issuer identified as the source; brokerage and execution details are not provided in the excerpt.

Insights

Equity Capital Markets Analyst

Routine Form 144 notice listing vested restricted shares proposed for resale.

The filing lists four separate parcels of Common Stock vesting and proposed for sale on 05/15/2026, each described as "restricted stock vesting under a registered plan" and attributed to the issuer. The broker-dealer filer is Morgan Stanley Smith Barney LLC Executive Financial Services.

Cash-flow treatment and plan mechanics are not detailed in the excerpt; subsequent filings or broker reports may state execution method or aggregate proceeds.

Key Figures

Form type: Form 144 Parcel 1: 9,454 shares Parcel 2: 9,833 shares +3 more

6 metrics

Form type Form 144 Notice of proposed sale of securities

Parcel 1 9,454 shares Restricted stock vesting under a registered plan on 05/15/2026

Parcel 2 9,833 shares Restricted stock vesting under a registered plan on 05/15/2026

Parcel 3 8,748 shares Restricted stock vesting under a registered plan on 05/15/2026

Parcel 4 6,866 shares Restricted stock vesting under a registered plan on 05/15/2026

Filer Morgan Stanley Smith Barney LLC Executive Financial Services Broker-dealer filer listed on the form

Key Terms

Form 144, restricted stock vesting, registered plan, issuer

4 terms

Form 144 regulatory

"submitted a Form 144 notice for proposed sales of Common Stock"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

restricted stock vesting financial

"Restricted stock vesting under a registered plan on 05/15/2026"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

registered plan regulatory

"Restricted stock vesting under a registered plan"

A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.

issuer financial

"attributed to the issuer as the source of the vested restricted stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does EXEL's Form 144 list?

The form lists proposed resale of vested restricted common shares totaling multiple parcels. It shows four parcels of 9,454, 9,833, 8,748, and 6,866 shares linked to restricted stock vesting on 05/15/2026.

Who filed the Form 144 for EXEL shares?

The filing was submitted by Morgan Stanley Smith Barney LLC Executive Financial Services. The form identifies that broker-dealer as the filer and lists the issuer as the source of the vested restricted stock on 05/15/2026.

Does the Form 144 show how the shares will be sold?

No; the excerpt does not provide execution or distribution methods. The entry describes restricted stock vesting under a registered plan but does not state brokerage execution details or planned sale methods in the provided text.

Are the shares reported as issuable or vested?

They are reported as vested under a registered plan on 05/15/2026. Each line in the excerpt is labeled "Restricted stock vesting under a registered plan" with corresponding share counts and the date.

Will EXEL receive proceeds from these sales?

The excerpt attributes the shares to the issuer and lists proposed resale, but it does not state cash-flow treatment. The provided text does not specify whether the issuer will receive any proceeds from the listed transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 04:49 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001648367
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	EXELIXIS, INC.
SEC File Number	000-30235
Address of Issuer	1851 Harbor Bay Parkway Alameda CALIFORNIA 94502
Phone	(650) 837-7000
Name of Person for Whose Account the Securities are To Be Sold	CHRISTOPHER J SENNER
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	34901	1745179.13	251355083	05/18/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/15/2026	Restricted stock vesting under a registered plan	Issuer			9454	05/15/2026	Not Applicable
Common	05/15/2026	Restricted stock vesting under a registered plan	Issuer			9833	05/15/2026	Not Applicable
Common	05/15/2026	Restricted stock vesting under a registered plan	Issuer			8748	05/15/2026	Not Applicable
Common	05/15/2026	Restricted stock vesting under a registered plan	Issuer			6866	05/15/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	05/18/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Christopher Senner
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)