Exelixis EVP reports tax-withholding share disposition
Exelixis EVP Dana Aftab reported routine share activity tied to equity compensation.
Accepted by SEC EDGAR
Learn about SEC filing dates
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 EVP Dana Aftab reported routine share activity tied to equity compensation. On the Form 4, 30,578 shares of common stock were withheld by Exelixis at a price of $51.10 per share to cover taxes due upon vesting of previously granted restricted stock units.
After this tax-withholding disposition, Aftab holds 638,192 shares of Exelixis common stock directly, plus 5,835 shares indirectly through the company’s 401(k) plan. Footnotes also note additional unvested RSUs and performance-based stock units that may convert into common shares over time.
Insider Trade Summary
Exercise Price or Tax Liability: 30,578 shares
Exercise Price or Tax Liability
1 txn
Insider
Aftab Dana
Role
EVP, Research and Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 30,578 | $51.10 | $1.56M |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 638,192 shares (Direct);
Common Stock — 5,835 shares (Indirect, By 401(k))
Holdings Before and After:
Common Stock, 668,770 to 638,192 shares (Direct)
Footnotes (3)
- F1. Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units ("RSUs") awarded on March 4, 2022, April 3, 2023, February 23, 2024, and February 26, 2025.
- F2. Includes 405,966 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of RSUs, the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs") and 646 shares of Common Stock acquired on April 30, 2026, pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan. 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.
- F3. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 14, 2026.
Key Figures
Tax-withholding shares: 30,578 shares
Withholding price: $51.10 per share
Direct holdings after transaction: 638,192 shares
+3 more
6 metrics
Tax-withholding shares
30,578 shares
Shares withheld to satisfy taxes on RSU vesting
Withholding price
$51.10 per share
Value used for tax-withholding disposition
Direct holdings after transaction
638,192 shares
Common stock directly held after tax withholding
401(k) plan holdings
5,835 shares
Common stock held indirectly via Exelixis 401(k) plan
Unvested RSUs and PSUs
405,966 units
RSUs and One-Time Award PSUs that may vest into common stock
Recent ESPP acquisition
646 shares
Common stock acquired on April 30, 2026 under ESPP
Key Terms
restricted stock units, One-Time Award PSUs, Employee Stock Purchase Plan, 401(k) Plan, +1 more
5 terms
restricted stock units financial
"vesting of restricted stock units ("RSUs") awarded on March 4, 2022, April 3, 2023, February 23, 2024, and February 26, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
One-Time Award PSUs financial
"the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs")"
Employee Stock Purchase Plan financial
"646 shares of Common Stock acquired on April 30, 2026, pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
401(k) Plan financial
"Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 14, 2026."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EXEL EVP Dana Aftab report on this Form 4?
Dana Aftab reported a tax-withholding disposition of 30,578 Exelixis common shares. The company withheld these shares at $51.10 each to pay taxes due on vesting restricted stock units, rather than selling shares in the open market.
Does this EXEL Form 4 show any open-market buying or selling by Dana Aftab?
The Form 4 shows a Form F tax-withholding disposition, not an open-market trade. Shares were delivered to Exelixis to cover taxes on vesting RSUs, so it does not reflect a discretionary market purchase or sale decision by Aftab.
AI-generated analysis. How Rhea-AI works. Not financial advice.
