EXEL EXELIXIS, INC.
Price Chart
Executive Summary
Two EVPs at Exelixis sold a combined $3.79M in open-market sales over a one-week window. The sales total ~0.03% of the $12.6B market cap, well below the 0.1% threshold for materiality, and the cluster is composed entirely of C-suite sells, which per the literature are weak predictors of future returns. The historical calibration for this filing type shows a negative net alpha at T+20, and the score calibration indicates low observed win rates at scores 6-8, further tempering any bearish read.
Key Financial Metrics
Actionable Insight
The insider sales are routine in size and carry no material signal. Monitor upcoming quarterly results for any fundamental changes, but this cluster alone does not warrant a trading action.
Key Facts
- Two EVPs sold a combined $3.79M in open-market sales (May 19–26, 2026).
- Sales represent ~0.03% of Exelixis's $12.6B market cap — trivial in size.
- Both sellers are C-suite executives (EVP Commercial, EVP R&D), but insider sales clusters are not predictive per academic literature.
- No 10b5-1 plan disclosure; however, the small dollar amount relative to market cap makes this routine.
- Historical calibration shows negative net alpha at T+20 for this filing segment, and score-6/7/8 observed win rates are below 50%.
Financial Impact
Total insider sales of $3.79M represent ~0.03% of market cap — immaterial.
Risk Factors
- Insider sales could accelerate if management anticipates near-term headwinds, though the current dollar amount is too small to suggest this.
- No cross-filing context (earnings, agreements, offerings) was provided to amplify the signal.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EXEL-1780007140867 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
6d ago
|
Insider Cluster
| $52.39 $52.69 | ▲ +0.57% | ▲ +3.17% | $51.74 (−1.24%) |
|
May 29, 2026
11d ago
|
8-K
| $50.20 $48.49 | ▼ −3.41% | ▼ −3.55% | $51.74 (+3.07%) |
|
May 28, 2026
12d ago
|
Insider Cluster
| $50.32 $50.28 | ▼ −0.08% | ▼ −0.35% | $51.74 (+2.83%) |
|
May 28, 2026
12d ago
|
Insider Cluster
| $50.32 $50.28 | ▼ −0.08% | ▼ −0.35% | $51.74 (+2.83%) |
|
May 28, 2026
12d ago
|
Insider Cluster
| $50.32 $50.20 | ▼ −0.24% | ▼ −0.50% | $51.74 (+2.83%) |
|
May 22, 2026
18d ago
|
Insider Cluster
| $49.94 $49.82 | ▼ −0.24% | ▼ −0.25% | $51.74 (+3.61%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $49.89 $49.49 | ▼ −0.80% | ▼ −1.00% | $51.74 (+3.71%) |
|
May 7, 2026
4w ago
|
Insider Cluster
| $46.10 $48.15 | ▲ +4.45% | ▲ +3.62% | $51.74 (+12.24%) |
|
Apr 17, 2026
7w ago
|
DEFA14A
| $43.59 $45.88 | ▲ +5.25% | ▲ +5.91% | $51.74 (+18.70%) |
|
Feb 28, 2026
14w ago
|
Institutional Cluster
| $40.98 $40.58 | ▼ −0.98% | ▼ −0.06% | $51.74 (+26.26%) |
US Market Status
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