Form 4: Exelixis CSO Dana Aftab Reports Stock Transactions
SEC Form 4 Filing
Dana Aftab, CSO/EVP of Discovery & Translational Research at Exelixis, reported the withholding of shares to cover taxes related to vesting restricted stock units.
Summary
- Dana Aftab, CSO/EVP of Discovery & Translational Research at Exelixis, filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2024, shares of common stock were withheld to cover taxes related to the vesting of restricted stock units.
- A total of 6,409 shares were withheld to cover taxes for restricted stock units awarded on March 4, 2021.
- 7,538 shares were withheld for restricted stock units awarded on March 4, 2022.
- 8,658 shares were withheld for restricted stock units awarded on April 3, 2023.
- Following these transactions, Aftab directly owns 520,990 shares of Exelixis common stock and indirectly owns 5,835 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| March 4, 2021 | Date of restricted stock units awarded, for which 6,409 shares were withheld for taxes. |
| March 4, 2022 | Date of restricted stock units awarded, for which 7,538 shares were withheld for taxes. |
| April 3, 2023 | Date of restricted stock units awarded, for which 8,658 shares were withheld for taxes. |
| April 30, 2024 | Date Aftab acquired 1,214 shares of Exelixis common stock pursuant to the Exelixis, Inc. 2000 Employee Stock Purchase Plan. |
| May 14, 2024 | Date of the plan statement for Exelixis, Inc. 401(k) Plan, showing 5,835 shares held. |
| May 15, 2024 | Date of the reported transactions involving the withholding of shares for tax obligations. |
| May 17, 2024 | Date of signature on the Form 4 filing. |
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