EXEL (NASDAQ: EXEL) Form 144: Insider sale notice with broker named

Rhea-AI Filing Summary

EXEL reports a Form 144 notice proposing sales of common stock. The notice names Morgan Stanley Smith Barney LLC as the broker-dealer and includes numeric entries such as 821,663.76 and 259,708,689 alongside an 02/18/2026 date. The filing also lists two performance share lines dated 01/16/2025 and 02/15/2026.

Insights

Corporate Governance Specialist

TL;DR: Form 144 lists proposed insider sales via Morgan Stanley with numeric entries and performance-share lines.

The filing names Morgan Stanley Smith Barney LLC as the executing broker-dealer and shows numeric values including 821,663.76 and 259,708,689 with a 02/18/2026 date. Two performance-share rows dated 01/16/2025 and 02/15/2026 are included.

Timing, exact seller identity, and whether proceeds will be received by the issuer are not specified in the excerpt; subsequent filings or broker confirmations would clarify execution and cash‑flow treatment.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	18669	821663.76	259708689	02/18/2026	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	01/16/2025	Performance Shares	ISSUER			9310	01/16/2025	Not Applicable
Common	02/15/2026	Performance Shares	ISSUER			9359	02/15/2026	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does EXEL's Form 144 filing mean?

A Form 144 notice signals a proposed sale of restricted or control securities. The excerpt names Morgan Stanley Smith Barney LLC and lists numeric entries including 821,663.76 and 259,708,689 with a 02/18/2026 date.

Who is the broker-dealer listed on EXEL's Form 144?

The filing lists Morgan Stanley Smith Barney LLC as the broker-dealer. The excerpt pairs that name with numeric figures and the date 02/18/2026, indicating the intermediary for the proposed transactions.

Are performance shares included in EXEL's Form 144?

Yes; the excerpt includes two performance-share lines dated 01/16/2025 and 02/15/2026. Each line is labeled Performance Shares with the word ISSUER appearing on the same rows.

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

The excerpt contains numeric entries such as 821,663.76 and 259,708,689, but it does not explicitly label a single "shares to be sold" total in the provided text. Further filing detail would be required for a definitive amount.

When is the date associated with EXEL's Form 144 entries?

The provided excerpt shows a date of 02/18/2026 adjacent to numeric entries, and performance-share rows dated 01/16/2025 and 02/15/2026, which appear as the time anchors in the notice.