Insider trade

Director purchased ~$1.19M of EXEL shares in the open market

Traded Nov 25, 2025 · Filed Nov 26, 2025

ExelixisEXEL

~$1.19M
Reported value · 28K sh @ $43.12: 1.55M
Holds after · shares reported: +36.5%
stock since the trade · S&P 500 +14.8%, $43.13 → $58.85 on Oct 5

Why it stands out

A board member of Exelixis paid $1.19M out of pocket for Exelixis shares.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 25, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 26, 2025

DirectorIndirect holding$1M+

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$1,187,235

Shares × reported transaction price

Size band

$1M+

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

21 days after results of Nov 4, 2025, 48 days before results of Jan 12, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+0.4%	+0.3%	+0.1%
30 days	+2.7%	+0.7%	+2.1%
90 days	+0.3%	+0.9%	−0.6%
180 days	+13.3%	+9.8%	+3.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0000902664-25-005164
Filed / recorded: Nov 26, 2025, 9:05 PM UTC
Added to OQRO: Oct 6, 2026, 7:37 PM UTC
Parser: form4-xml-v2
Data quality: Verified: identifiers matched exactly
Issuer: EXELIXIS, INC.
Issuer CIK: 939767
Ticker: EXEL
Reporting person: David Edward Johnson
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 25, 2025
Transaction code: P
Shares / units: 27,532
Price per share: $43.12
Acquired / disposed: Acquired (A)
Shares owned after: 1,553,262
Ownership form: Indirect — See footnote
Amendment: No

Footnotes from the filing

This Form 4 is filed by David Johnson ("Mr. Johnson") and Caligan Partners LP ("Caligan") with respect to the securities held by Caligan Partners Master Fund LP ("Caligan Master Fund"), a Cayman Islands limited partnership, and managed accounts ("Caligan Accounts", together with the Caligan Master Fund, the "Caligan Fund and Accounts") to which Caligan serves as investment manager. Mr. Johnson is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan.

Around the same time

30KShares

10mo ago

Compensation award — excluded from discretionary-purchase analysis.

More Official record

Officer sold ~$421K of Exelixis

Automatic sale11mo ago

Officer sold

~$987KReported value · 24K sh @ $41.93

11mo ago

Exelixis's Commercial sold $987K of Exelixis shares. Nobody planned it ahead of time.

More Official record