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Insider Trends: Insider at Exelixis Gets Stock Award Makes Tax Sale with Portion, Easing 90-Day Buy Trend

· 02/05/2021 18:04

10:52 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Dr Peter Lamb, EVP, Scientific Strategy & CSO, awarded 80,663 shares in Exelixis (EXEL) and sold 19,997 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 60,666 company shares. After the Form 4 filing with the SEC, Dr Lamb controls a total of 360,895 shares of the company, with 343,790 shares held directly and 17,105 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $8.27 million.

During the most recent 90-day period, prior to the date of this filing, there have been 27 insider transactions reported to the SEC for Exelixis. These transactions came from the activities of 8 separate insiders that resulted in a net acquisition of 192,529 company shares. In the preceding 90-day window of time, there were 28 transactions from 8 insiders and resulted in the net acquisition of 279,727 shares.

This level of insider transactions is below that of the peer group average in the 324-company Bio Therapeutic Drugs peer group over the last 90-day period. Peer group activity averaged 56.3 transactions per company, with company insiders acquiring on average 24,493 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/939767/000093976721000012/xslF345X03/wf-form4_161257791484447.xml

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