Form 4: Exelixis EVP Gifts 24,000 Shares to Donor-Advised Fund

Exelixis EVP of Research and Development, Dana Aftab, gifted 24,000 shares of common stock to a donor-advised fund on November 21, 2025.

Summary

• Dana Aftab, Executive Vice President of Research and Development at Exelixis, Inc. (EXEL), reported a transaction involving the company's common stock.
• On November 21, 2025, Dana Aftab gifted 24,000 shares of Exelixis common stock to a donor-advised fund.
• Following this transaction, Dana Aftab directly beneficially owns 640,778 shares of common stock.
• The direct beneficial ownership includes 431,306 shares that are expected to be issued upon the vesting of restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• Additionally, Dana Aftab indirectly beneficially owns 5,835 shares of common stock through the Exelixis, Inc. 401(k) Plan, as per a plan statement dated November 20, 2025.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by an insider, which is a personal financial decision and does not inherently reflect positive or negative sentiment about the company's operational performance or future prospects.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership, but the shares were gifted, not sold, which typically does not signal a lack of confidence.

Key Dates

Keywords

Exelixis, EXEL, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Dana Aftab, EVP Research and Development