Insider selling is routine in both dollar amount and seniority level. No bearish signal. Monitor the next earnings release for any guidance changes, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two EVPs at Exelixis sold a combined $3.79M in open-market sales over a week, with no insider buying. The sales are modest relative to the $12.9B market cap (~0.03%), and the cluster is driven by two senior commercial and R&D executives, not the CEO/CFO. Per the asymmetry rule, cluster sales are not amplified beyond the proportionality band, and the dollar amount is trivial for a company of this size.
Key Financial Metrics
Key Facts
- EVP Commercial Patrick J. Haley sold 32,100 shares at $49.81 for $1.60M on 2026-05-20.
- EVP R&D Dana Aftab sold 43,451 shares at $50.35 for $2.19M on 2026-05-26.
- Total insider sales: $3.79M, representing ~0.03% of Exelixis's $12.9B market cap.
- No insider purchases occurred in the cluster window.
- A director (David Edward Johnson) received a non-cash grant of 19,133 shares on 2026-05-27 with $0 economic value.
- Prior 30-day insider activity included 4 sells totaling $5.9M, consistent with routine selling patterns.
Financial Impact
Total open-market sales of $3.79M, or ~0.03% of market cap — immaterial relative to company size.
Risk Factors
- No material risk identified from this insider activity.
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-1780086707364 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $56.12 $58.36 | ▼ −3.99% | ▼ −4.21% | $58.40 (−4.06%) |
Aug 10, 2026 7w ago | Press Release | $51.33 $53.10 | ▼ −3.44% | ▼ −3.85% | $58.40 (−13.77%) |
Jun 3, 2026 17w ago | Insider Cluster | $52.39 $53.50 | ▲ +2.12% | ▲ +4.68% | $58.40 (+11.48%) |
May 29, 2026 17w ago | 8-K | $50.20 $52.70 | ▲ +4.98% | ▲ +7.73% | $58.40 (+16.34%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $51.60 | ▲ +2.55% | ▲ +2.84% | $58.40 (+16.06%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $51.60 | ▲ +2.55% | ▲ +2.84% | $58.40 (+16.06%) |
May 28, 2026 18w ago | Insider Cluster | $50.32 $52.69 | ▲ +4.71% | ▲ +7.23% | $58.40 (+16.06%) |
May 22, 2026 18w ago | Insider Cluster | $49.94 $48.49 | ▼ −2.90% | ▼ −4.12% | $58.40 (+16.95%) |
May 19, 2026 19w ago | Insider Cluster | $49.89 $51.46 | ▲ +3.15% | ▲ +1.34% | $58.40 (+17.06%) |
May 7, 2026 21w ago | Insider Cluster | $46.10 $51.29 | ▲ +11.26% | ▲ +9.76% | $58.40 (+26.69%) |
US Market Status
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