Exelixis CEO gifts 109,676 shares to foundation
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
EXELIXIS, INC. President and CEO Michael Morrissey reported a charitable stock transfer and updated holdings. On May 6, 2026, he made a bona fide gift of 109,676 shares of Exelixis common stock to the Bombora Rise Foundation through the Morrissey Family Living Trust, which then held 1,880,280 shares indirectly. He is also shown with 1,614,552 shares of common stock that will be issued upon vesting of restricted stock units and performance-based awards, plus 17,728 shares held through the Exelixis 401(k) Plan.
Insider Trade Summary
109,676 shares gifted
Gift
3 txns
Insider
MORRISSEY MICHAEL
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 109,676 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,880,280 shares (Indirect, By Trust);
Common Stock — 1,614,552 shares (Direct);
Common Stock — 17,728 shares (Indirect, By 401(k))
Footnotes (4)
- F1. On May 6, 2026, the Reporting Person gifted 109,676 shares of Exelixis, Inc. common stock ("Common Stock") to the Bombora Rise Foundation.
- F2. Shares of Common Stock held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
- F3. Includes 1,614,552 shares of Common Stock that will be issued to the Reporting Person upon vesting of RSUs and the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs"). Each RSU is the economic equivalent of one share of Common Stock and each One-Time Award PSU represents a contingent right to receive one share of Common Stock.
- F4. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 6, 2026.
Key Figures
Gifted shares: 109,676 shares
Trust holdings after gift: 1,880,280 shares
RSUs and performance units: 1,614,552 shares
+1 more
4 metrics
Gifted shares
109,676 shares
Bona fide gift of common stock on May 6, 2026
Trust holdings after gift
1,880,280 shares
Common stock held indirectly by Morrissey Family Living Trust
RSUs and performance units
1,614,552 shares
Shares to be issued upon vesting of RSUs and One-Time Award PSUs
401(k) plan shares
17,728 shares
Common stock under Exelixis, Inc. 401(k) Plan as of May 6, 2026
Key Terms
bona fide gift, restricted stock unit, performance-based restricted stock unit, 401(k) Plan, +1 more
5 terms
bona fide gift financial
"transaction code description shows the disposition as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock unit financial
"Includes 1,614,552 shares of Common Stock that will be issued upon vesting of RSUs"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance-based restricted stock unit financial
"and the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
401(k) Plan financial
"Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Morrissey Family Living Trust financial
"Shares of Common Stock held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did EXELIXIS (EXEL) CEO Michael Morrissey report in this Form 4?
Michael Morrissey reported a charitable stock transfer and updated equity holdings. The filing shows a gift of Exelixis common shares to a foundation and discloses his remaining indirect, direct, and 401(k) plan interests in the company’s stock and stock-based awards.
What stock-based awards for EXELIXIS (EXEL) are reported for the CEO?
The filing notes 1,614,552 shares of Exelixis common stock that will be issued upon vesting of restricted stock units and a performance-based restricted stock unit award granted on March 31, 2025. Each unit represents the economic equivalent of one share of common stock.
What Exelixis (EXEL) 401(k) plan holdings are disclosed for Michael Morrissey?
The report shows 17,728 shares of Exelixis common stock held under the Exelixis, Inc. 401(k) Plan. This figure is based on a plan statement dated May 6, 2026, and represents an additional indirect component of the CEO’s overall equity exposure.
Does this Exelixis (EXEL) Form 4 show any open-market stock sales by the CEO?
No open-market sales are reported; the disposition is a bona fide gift of 109,676 shares to a foundation. The remaining entries relate to updated indirect trust holdings, direct holdings including stock units, and shares held through the company’s 401(k) retirement plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
