Insider selling at 0.03% of market cap is too small to shift the fundamental outlook. The cluster includes the CFO and two other senior execs but lacks the proportionality to signal material adverse news. Ignore on a standalone basis; watch for any correlated catalysts (earnings, pipeline data) in the next 30 days that could explain the timing.
Price Chart
Executive Summary
Three senior executives at Exelixis (CFO, EVP Commercial, SVP/GC) collectively sold $3.68M in open-market shares within a week, while CEO Morrissey gifted 124K shares for $0. The sales represent ~0.03% of the $12.5B market cap — trivial from a proportionality standpoint. No 10b5-1 pattern or blackout-window avoidance is evident, but dollar magnitude is immaterial relative to company size, consistent with routine portfolio diversification rather than informed selling.
Key Financial Metrics
Key Facts
- CFO Senner sold 34.9K shares for ~$1.75M on May 18 at $50.21
- EVP Commercial Haley sold 32.1K shares for ~$1.60M on May 20 at $49.81
- SVP/GC Hefti sold 6.6K shares for ~$333K on May 18 at $50.21
- CEO Morrissey gifted 124K shares ($0 cash) — non-economic, neutral
- Total open-market sales of ~$3.68M equal ~0.03% of Exelixis' $12.5B market cap
- Historical calibration shows cluster sells at this magnitude have weak signal; score is not amplified per asymmetric buy/sell rule
Financial Impact
Insider selling of ~$3.68M — less than 0.03% of market cap; immaterial
Risk Factors
- Subsequent larger sales or unexpected regulatory/pipeline news could retroactively color this cluster as informed
- CEO's large gift (124K shares) could precede a hedging or sale by the recipient, adding future selling pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EXEL-1779483728011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $56.12 $58.36 | ▼ −3.99% | ▼ −4.21% | $58.51 (−4.26%) |
Aug 10, 2026 7w ago | Press Release | $51.33 $53.10 | ▼ −3.44% | ▼ −3.85% | $58.51 (−13.99%) |
Jun 3, 2026 17w ago | Insider Cluster | $52.39 $53.50 | ▲ +2.12% | ▲ +4.68% | $58.51 (+11.69%) |
May 29, 2026 17w ago | 8-K | $50.20 $52.70 | ▲ +4.98% | ▲ +7.73% | $58.51 (+16.56%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $51.60 | ▲ +2.55% | ▲ +2.84% | $58.51 (+16.28%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $51.60 | ▲ +2.55% | ▲ +2.84% | $58.51 (+16.28%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $52.69 | ▲ +4.71% | ▲ +7.23% | $58.51 (+16.28%) |
May 22, 2026 18w ago | Insider Cluster | $49.94 $48.49 | ▼ −2.90% | ▼ −4.12% | $58.51 (+17.17%) |
May 19, 2026 19w ago | Insider Cluster | $49.89 $51.46 | ▲ +3.15% | ▲ +1.34% | $58.51 (+17.28%) |
May 7, 2026 21w ago | Insider Cluster | $46.10 $51.29 | ▲ +11.26% | ▲ +9.76% | $58.51 (+26.93%) |
US Market Status
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