Exelixis EVP sells 43,451 shares in open trade
EXELIXIS, INC. executive Dana Aftab, EVP of Research and Development, reported an open-market sale of Common Stock.
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Form Type
4
Rhea-AI Filing Summary
EXELIXIS, INC. executive Dana Aftab, EVP of Research and Development, reported an open-market sale of Common Stock. On May 26, 2026, Aftab sold 43,451 shares of Exelixis common stock at $50.35 per share.
After this transaction, Aftab directly holds 594,741 shares of common stock. In addition, a separate entry shows 5,835 shares held indirectly through the Exelixis 401(k) Plan. Footnotes also note 405,966 shares that may be issued upon vesting of restricted stock units and performance-based restricted stock units, each representing the right to receive one share of common stock.
Insider Trade Summary
Net Seller: 43,451 shares
Net Sell
2 txns
Insider
Aftab Dana
Role
EVP, Research and Development
Sold
43,451 shs ($2.19M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 43,451 | $50.35 | $2.19M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 594,741 shares (Direct);
Common Stock — 5,835 shares (Indirect, By 401(k))
Footnotes (2)
- F1. Includes 405,966 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("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.
- F2. Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 26, 2026.
Key Figures
Shares sold: 43,451 shares
Sale price: $50.35 per share
Direct holdings after sale: 594,741 shares
+3 more
6 metrics
Shares sold
43,451 shares
Open-market sale of Common Stock on May 26, 2026
Sale price
$50.35 per share
Price for 43,451 shares of Common Stock sold
Direct holdings after sale
594,741 shares
Common Stock directly owned following the transaction
401(k) plan holdings
5,835 shares
Shares of Common Stock held indirectly via 401(k) Plan
Unvested RSUs and PSUs
405,966 shares
Shares potentially issuable upon vesting of RSUs and One-Time Award PSUs
Net shares sold
43,451 shares
Net buy/sell shares reported as a net-sell in summary
Key Terms
restricted stock units ("RSUs"), performance-based restricted stock unit award, One-Time Award PSUs, 401(k) Plan
4 terms
restricted stock units ("RSUs") financial
"Includes 405,966 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based restricted stock unit award financial
"and the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs")"
A performance-based restricted stock unit award is a promise to give company shares to an employee or executive only if the business hits specific targets over a set period. Think of it as a conditional prize that vests like a savings plan: if agreed goals (such as revenue, profit, or stock performance) are met, the recipient receives the shares; if not, they get nothing. Investors pay attention because these awards align management incentives with company results and can affect share count, future earnings and executive behavior.
One-Time Award PSUs financial
"and the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025 ("One-Time Award PSUs")"
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 26, 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Does Dana Aftab have indirect EXELIXIS holdings through a 401(k) plan?
Yes. The filing reports 5,835 shares of Exelixis common stock held indirectly via the Exelixis, Inc. 401(k) Plan, based on a plan statement dated May 26, 2026.
What restricted stock units (RSUs) and PSUs does Dana Aftab hold in EXELIXIS?
Footnotes indicate 405,966 shares of Exelixis common stock may be issued to Aftab upon vesting of RSUs and a performance-based RSU award. Each RSU and PSU represents the right to receive one share of common stock.
What is Dana Aftab’s role at EXELIXIS (EXEL)?
Dana Aftab serves as Executive Vice President, Research and Development at Exelixis, Inc. This senior leadership role is specified in the insider ownership and transaction disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
