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Exelixis (NASDAQ: EXEL) CEO gifts 109,676 shares to Bombora Rise Foundation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider MORRISSEY MICHAEL
Role President and CEO
Type Security Shares Price Value
Gift Common Stock 109,676 $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, null)
Footnotes (1)
  1. On May 6, 2026, the Reporting Person gifted 109,676 shares of Exelixis, Inc. common stock ("Common Stock") to the Bombora Rise Foundation. 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. 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. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 6, 2026.
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
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"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MORRISSEY MICHAEL
(Last)(First)(Middle)
C/O EXELIXIS, INC.
1851 HARBOR BAY PARKWAY
(Street)
ALAMEDA CALIFORNIA 94502
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EXELIXIS, INC. [ EXEL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026G(1)109,676D$01,880,280(2)IBy Trust
Common Stock1,614,552(3)D
Common Stock17,728(4)IBy 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On May 6, 2026, the Reporting Person gifted 109,676 shares of Exelixis, Inc. common stock ("Common Stock") to the Bombora Rise Foundation.
2. 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.
3. 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.
4. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 6, 2026.
Remarks:
/s/ Nina Ayer, Attorney in Fact05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Exelixis (EXEL) shares did the CEO gift and to whom?

He gifted 109,676 shares of Exelixis common stock to the Bombora Rise Foundation. The transfer was structured as a bona fide gift from the Morrissey Family Living Trust, which continues to hold a substantial indirect position in Exelixis shares after the donation.

How many Exelixis (EXEL) shares does the Morrissey Family Living Trust hold after the gift?

After the gift, the Morrissey Family Living Trust holds 1,880,280 shares of Exelixis common stock indirectly. These shares are held by Michael M. Morrissey and Meghan D. Morrissey as trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.

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.