Form 4: Exelixis CSO Dana Aftab Reports Stock Transactions to Satisfy Tax Obligations
SEC Form 4 Filing
Dana Aftab, CSO/EVP of Discovery & Translational Research at Exelixis, reports disposition of shares to cover tax obligations 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 of Exelixis stock.
- The transactions involved the withholding of shares by Exelixis to satisfy tax obligations related to the vesting of performance-based restricted stock units (RSUs) awarded on March 4, 2021, and RSUs awarded on January 5, 2023.
- A total of 16,053 shares were withheld at a price of $35 to cover taxes related to the vesting of performance-based restricted stock units.
- An additional 12,695 shares were withheld at a price of $35 to cover taxes related to the vesting of RSUs awarded on January 5, 2023.
- Following these transactions, Aftab directly owns 538,895 shares and indirectly owns 5,835 shares through the Exelixis, Inc. 401(k) Plan.
- The reported direct ownership includes 259,043 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard tax-related stock dispositions.
Key Dates
| Date | Description |
|---|---|
| 2021-03-04 | Date of performance-based restricted stock units award. |
| 2023-01-05 | Date of restricted stock units award. |
| 2024-01-11 | Compensation Committee certified that Exelixis, Inc. had achieved certain performance criteria. |
| 2025-02-14 | Date of plan statement for Exelixis, Inc. 401(k) Plan. |
| 2025-02-15 | Date of stock transactions. |
| 2025-02-19 | Date of signature on the Form 4. |
Keywords
Form 4, Exelixis, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Tax Withholding, Dana Aftab
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