Form 4: Exelixis EVP, Commercial, Patrick J. Haley, Reports Stock Transactions
SEC Form 4
Patrick J. Haley, EVP, Commercial at Exelixis, reports acquisition of 63,350 shares through restricted stock units and disposition of 47,020 shares of common stock at $21.45.
Summary
- Patrick J. Haley, an Executive Vice President at Exelixis, filed a Form 4 detailing changes in beneficial ownership of Exelixis stock.
- On February 23, 2024, Haley acquired 63,350 shares of common stock through the vesting of restricted stock units.
- On the same day, Haley disposed of 47,020 shares of common stock at a price of $21.45 per share.
- Following these transactions, Haley directly owns 384,866 shares of Exelixis common stock.
- Haley also indirectly owns 23,539 shares through a spouse and 10,648 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units will vest as to 1/4th of the original number of shares subject to the restricted stock unit award on May 15, 2025 and thereafter as to 1/4th of the original number of shares subject to the restricted stock unit award on each May 15th until fully vested.
Industry Context
Form 4 filings are a routine part of insider trading activity and provide transparency into the buying and selling of company stock by its executives and directors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date of Exelixis, Inc. 401(k) Plan statement |
| 02/23/2024 | Date of stock acquisition and disposition |
| 02/27/2024 | Date of signature on the Form 4 filing |
| 05/15/2025 | First vesting date for 1/4th of the restricted stock units |
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