Exelixis (EXEL) EVP reports 33,265-share tax withholding, 389,748-share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EXELIXIS, INC. executive Patrick J. Haley, EVP, Commercial, reported a tax-related share withholding tied to vesting of prior equity awards. On the transaction date, the company withheld 33,265 shares of common stock at $51.10 per share to satisfy tax obligations on vested RSUs. Following this non-market disposition, Haley reported ownership of 389,748 shares of Exelixis common stock. This figure includes 356,992 shares that will be issued upon vesting of RSUs and a performance-based restricted stock unit award, plus 646 shares acquired through the Exelixis Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haley Patrick J.
Role
EVP, Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 33,265 | $51.10 | $1.70M |
Holdings After Transaction:
Common Stock — 389,748 shares (Direct, null)
Footnotes (1)
- 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. Includes 356,992 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.
Key Figures
Tax-withholding shares: 33,265 shares
Withholding price: $51.10 per share
Post-transaction holdings: 389,748 shares
+3 more
6 metrics
Tax-withholding shares
33,265 shares
Common stock withheld for taxes on RSU vesting
Withholding price
$51.10 per share
Value used for 33,265 withheld shares
Post-transaction holdings
389,748 shares
Total common stock reported after transaction
Unvested RSUs and PSUs
356,992 shares
Shares to be issued upon vesting of RSUs and One-Time Award PSUs
ESPP shares
646 shares
Shares acquired April 30, 2026 under Employee Stock Purchase Plan
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
restricted stock units ("RSUs"), One-Time Award PSUs, performance-based restricted stock unit award, Employee Stock Purchase Plan
4 terms
restricted stock units ("RSUs") financial
"Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units ("RSUs") awarded on March 4, 2022..."
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.
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")"
performance-based restricted stock unit award financial
"Includes 356,992 shares... upon vesting of RSUs, the performance-based restricted stock unit award granted to the Reporting Person on March 31, 2025..."
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.
Employee Stock Purchase Plan financial
"and 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.
FAQ
What did Exelixis (EXEL) EVP Patrick J. Haley report in this Form 4?
Patrick J. Haley reported a tax-withholding disposition of Exelixis common stock. The company withheld shares to cover taxes owed upon vesting of restricted stock units, a routine administrative step rather than an open-market purchase or sale of stock.
Does this Exelixis (EXEL) Form 4 reflect an open-market sale by the executive?
No, the Form 4 reflects a tax-withholding disposition rather than an open-market sale. Exelixis withheld shares to cover taxes triggered when restricted stock units vested, a common administrative mechanism in equity compensation programs for senior executives.
What equity awards are referenced in Patrick J. Haley’s Exelixis (EXEL) Form 4 footnotes?
The footnotes reference restricted stock units granted in 2022, 2023, 2024, and 2025, plus a One-Time Award PSU. They state that 356,992 shares will be issued upon vesting of RSUs and performance-based units, and note 646 shares from the Employee Stock Purchase Plan.