Welcome to our dedicated page for Exelixis SEC filings (Ticker: EXEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Exelixis Inc. filings document regulatory disclosures for a Nasdaq-listed oncology company with common stock trading under EXEL. Recent 8-K reports furnish results of operations, financial-condition updates, corporate updates tied to the cabozantinib franchise and pipeline activity, and board-authorized common stock repurchase programs.
Proxy and governance filings cover director election matters, executive compensation, equity awards and shareholder voting materials. Other current reports document officer appointments, departures and related compensatory arrangements, connecting leadership changes to the company's research, development, legal and corporate functions.
Exelixis, Inc. director filed a Form 4 reporting the sale of 100,000 shares of common stock on 11/12/2025 at a $43.55 weighted average price, with sales executed between $43.55 and $43.58.
After the transaction, the reporting person beneficially owned 1,189,228 shares directly. This amount includes 9,812 RSUs, each representing the right to receive one share upon vesting.
Exelixis (EXEL) President and CEO Michael M. Morrissey filed a Form 4 reporting charitable and estate-planning stock transfers. On 11/11/2025, he gifted 160,000 shares of common stock to the Bombora Rise Foundation. On 11/12/2025, he gifted 101,548 shares to the Morrissey Family Living Trust and 80,000 shares to a donor advised fund. All gifts were at a reported price of $0 per share (transaction code G).
Following these transactions, the filing shows 1,714,404 shares held by the Morrissey Family Living Trust and 17,728 shares held via the Exelixis 401(k) Plan. It also notes 1,416,692 shares that will be issued upon vesting of RSUs and PSUs, each representing one share of common stock.
Exelixis, Inc. executive reports stock sale and updated holdings. The EVP of Research and Development sold 48,383 shares of Exelixis common stock on 11/11/2025 at a weighted average price of $42.50 per share, in multiple trades between $42.50 and $42.58. After this transaction, the executive beneficially owns 664,778 shares, including 431,306 shares that will be issued upon vesting of restricted stock units and 5,835 shares held through the Exelixis 401(k) Plan as of November 10, 2025. The filing is made by a single reporting person in the capacity of officer.
Exelixis (EXEL) director reported insider activity on 11/11/2025. The reporting person exercised 5,784 options at $23.24 per share, then sold 5,784 shares at $42.03 and 18,838 shares at a $41.9 weighted average (sales ranged from $41.81 to $42.02).
Following these transactions, the filing shows 21,380 shares beneficially owned, which footnote (1) states includes shares to be issued upon vesting of RSUs. The option exercised was part of a grant that became fully exercisable on January 5, 2024 and expires January 4, 2031. After the reported transactions, 16,710 derivative securities (options) remain beneficially owned.
Exelixis (EXEL) announced a leadership transition in its legal team. Executive Vice President and General Counsel Jeffrey Hessekiel, J.D., notified the company of his intention to resign effective in November 2025 and will cease serving as General Counsel on November 7, 2025. The company stated his decision was not due to any disagreement.
Brenda Hefti, J.D., Ph.D., currently Senior Vice President, IP & Licensing, will be promoted to General Counsel effective November 7, 2025, reporting to President and CEO Michael Morrissey, Ph.D. Dr. Hefti joined Exelixis in 2013, became Head of IP in 2014, and has served as SVP, IP & Licensing since 2020.
Exelixis reported stronger Q3 results, with total revenues of $597.8M versus $539.5M a year ago. Net product revenues rose to $542.9M, led by CABOMETYX at $539.9M, while collaboration revenues were $54.8M. Operating expenses declined year over year, reflecting the absence of last year’s impairment, and income from operations increased to $236.5M. Net income was $193.6M (diluted EPS $0.69) compared to $118.0M (diluted EPS $0.40) in Q3 2024.
For the first nine months, revenues reached $1.72B and net income was $538.0M. Cash, cash equivalents and marketable securities totaled $1.57B as of September 30, 2025. The company repurchased 24.1 million shares for an aggregate $895.3M under its 2024–2025 programs, with $104.7M remaining available as of September 30, 2025. Shares outstanding were 268,098,000 at September 30, 2025, and 268,112,157 as of October 27, 2025.
Exelixis (EXEL) reported quarterly results via a press release for the quarter ended October 3, 2025, which was furnished as Exhibit 99.1. The company also provided a corporate update.
The Board authorized a stock repurchase program allowing Exelixis to buy back up to $750 million of its common stock before December 31, 2026. This authorization sets a ceiling and timeframe for potential repurchases.
Exelixis insider equity award and holdings update. An Exelixis executive received 50,673 restricted stock units (RSUs) on 10/08/2025 under the 2017 Equity Incentive Plan. The RSUs vest in four equal installments, beginning 11/15/2026 and then each 11/15 thereafter until fully vested, meaning 25% vests on each vesting date. After the grant, the reporting person beneficially owns 713,161 shares in total, which includes 431,306 shares that will be issued upon vesting of other RSUs. The filing also reports 5,835 shares held in a 401(k) plan. The Form 4 was signed on 10/10/2025.
On August 29, 2025, Exelixis, Inc. announced an internal leadership change: Dana T. Aftab, Ph.D., currently the company’s Executive Vice President, Discovery and Translational Research and Chief Scientific Officer, was appointed Executive Vice President, Research and Development. The filing states information about Dr. Aftab’s background, compensation arrangements, and any related-party transactions is incorporated by reference from the company’s definitive proxy statement on Schedule 14A filed April 16, 2025. Effective the same day, Amy C. Peterson, M.D., concluded her service as Executive Vice President, Product Development and Medical Affairs and Chief Medical Officer, and is entitled to payments under the company’s Change in Control and Severance Benefit Plan, as amended, and applicable law.