Exelixis (EXEL) CFO reports 64,895-share sale and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exelixis, Inc. executive Christopher J. Senner, EVP and CFO, reported net stock sales. On February 13 and 17, 2026, he executed open‑market sales of Exelixis common stock totaling 64,895 shares at prices around $43–$44 per share.
On February 15, 2026, an additional 35,870 shares were disposed of to cover taxes due on previously granted performance‑based restricted stock units, rather than sold for cash. After these transactions, he directly owned 976,092 shares, which include 427,690 shares underlying RSUs and performance stock units, and indirectly held 2,723 shares through the Exelixis 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 64,895 shares ($2,810,998)
Net Sell
4 txns
Insider
Senner Christopher J.
Role
EVP and CFO
Sold
64,895 shs ($2.81M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,617 | $43.67 | $1.34M |
| Tax Withholding | Common Stock | 35,870 | $43.92 | $1.58M |
| Sale | Common Stock | 34,278 | $43.00 | $1.47M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 976,092 shares (Direct);
Common Stock — 2,723 shares (Indirect, By 401(k))
Footnotes (1)
- Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $43.00 to $43.04. Reporting Person undertakes to provide Exelixis, Inc., any security holder of Exelixis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 to this Form 4. Includes 427,690 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("RSUs") and PSUs 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. Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of performance-based restricted stock units awarded on March 4, 2022, for which the Compensation Committee certified that Exelixis, Inc. had achieved certain performance criteria on January 16, 2025. Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $43.66 to $43.78. Reporting Person undertakes to provide Exelixis, Inc., any security holder of Exelixis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 4 to this Form 4. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of February 13, 2026.
FAQ
What insider transaction did Exelixis (EXEL) report for its CFO?
Exelixis EVP and CFO Christopher J. Senner reported net stock sales. He sold 64,895 shares of common stock in open‑market transactions and had additional shares withheld to cover taxes from vesting performance-based stock awards.
What are the Exelixis (EXEL) RSUs and PSUs referenced in the CFO’s holdings?
The filing notes 427,690 shares will be issued upon vesting of RSUs and performance stock units. Each RSU and PSU represents the right to receive one share of Exelixis common stock, including a one-time performance award granted on March 31, 2025 to the reporting person.