Form 4: Exelixis CEO Michael Morrissey Gifts 46,000 Shares to Donor Advised Fund
SEC Form 4 Filing
Exelixis CEO Michael Morrissey reported gifting 46,000 shares of Exelixis common stock to a donor advised fund on October 31, 2024.
Summary
- Michael Morrissey, the President and CEO of Exelixis, Inc., filed a Form 4 on November 1, 2024.
- The form reports a transaction that occurred on October 31, 2024, where Morrissey gifted 46,000 shares of Exelixis common stock to a donor advised fund.
- Following the transaction, Morrissey directly owns 964,384 shares and indirectly owns 1,407,212 shares through a family trust and 401(k) plan.
- The indirect holdings include 830,957 shares of common stock that will be issued upon vesting of restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a gift of shares by the CEO, which doesn't necessarily reflect a change in the company's outlook but rather a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| July 21, 1994 | Date of the Morrissey Family Living Trust |
| October 30, 2024 | Date of Exelixis, Inc. 401(k) Plan statement |
| October 31, 2024 | Date of the stock gift transaction |
| November 01, 2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.