EXELIXIS, INC. — Director's Dealing 2021

Sep 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2021-09-21

Reporting Person: Senner Christopher J. (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-21	Common Stock	M	90000	$3.66	Acquired	446591	Direct
2021-09-21	Common Stock	F	55057	$20.33	Disposed	391534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-21	Option (right to buy)	$3.66	M	90000	Disposed	2022-07-14	Common Stock (90000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2723	Indirect

Footnotes

F1: Includes 208,343 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units.

F2: Represents a "net exercise" of an outstanding stock option. The Reporting Person received 34,943 shares of Common Stock on the net exercise of a stock option to purchase 90,000 shares of Common Stock. The Issuer withheld 55,057 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using a stock price on September 21, 2021 of $20.33.

F3: Represents shares of Common Stock under the Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of September 22, 2021.

F4: The option, representing the right to purchase a total of 350,000 shares of Common Stock, became fully exercisable on July 15, 2019.