Form 4: Exelixis CEO Morrissey Gifts 341,548 Shares to Foundations

Exelixis President and CEO Michael Morrissey reported gifting 341,548 shares of common stock across multiple transactions in November 2025.

Summary

• Michael Morrissey, President and CEO of Exelixis, Inc., reported changes in his beneficial ownership of the company's common stock.
• On November 11, 2025, Morrissey gifted 160,000 shares of common stock to the Bombora Rise Foundation.
• On November 12, 2025, he gifted 101,548 shares of common stock to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
• Also on November 12, 2025, Morrissey gifted 80,000 shares of common stock to a donor advised fund.
• Following these transactions, Morrissey's direct beneficial ownership includes 1,416,692 shares that will be issued upon vesting of restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• Indirect beneficial ownership includes 1,714,404 shares held by the Morrissey Family Living Trust and 17,728 shares under the Exelixis, Inc. 401(k) Plan.

Sentiment

Score: 5

Explanation: The filing reports insider gifts, which reduce direct holdings but are often for philanthropic or estate planning purposes, not necessarily a signal of company performance or outlook. Therefore, the sentiment is neutral.

Positives

• The transactions demonstrate transparency in insider holdings and changes.
• The gifts to foundations and a donor-advised fund indicate philanthropic activity by the CEO.

Negatives

• The CEO's direct beneficial ownership of common stock was reduced by 341,548 shares through these gifts.

Industry Context

This filing is a standard disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The gift of 101,548 shares of common stock to the Morrissey Family Living Trust involves a related party (the CEO's family trust).

Stakeholder Impact

• Shareholders observe a reduction in the CEO's direct common stock holdings, which is publicly disclosed for transparency.
• The philanthropic gifts may reflect positively on the CEO's community involvement.

Key Dates

Keywords

Exelixis, EXEL, Michael Morrissey, Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, CEO