EXELIXIS, INC.
For the period ended Oct 2, 2026. Filed Oct 29, 2026.
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Oct 2, 2026 · Filed Oct 29, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
In May 2026, our Board of Directors authorized the repurchase of up to $750.0 million of our outstanding common stock before December 31, 2027 (the May 2026 SRP). Under the May 2026 SRP, as of September 30, 2026, we repurchased 7.4 million shares of common stock for an aggregate purchase price of $402.1 million. As of September 30, 2026, approximately $347.9 million remained available for future stock repurchases before December 31, 2027.
The following table summarizes the stock repurchase activity for the three months ended September 30, 2026 and the approximate dollar value of shares that may yet be purchased pursuant to our SRP (in thousands, except per share data):
| Total Number of Shares Purchased · Average Price Paid per Share · Total Number of Shares Purchased as Part of Publicly Announced Program · Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program | |||||
|---|---|---|---|---|---|
| July 4, 2026 - July 31, 2026 | 1,401 | $55.78 | 1,401 | $519,653 | |
| August 1, 2026 - August 28, 2026 | 1,453 | $53.71 | 1,453 | $441,627 | |
| August 29, 2026 - October 2, 2026 | 1,627 | $57.62 | 1,627 | $347,880 | |
| Total | 4,481 | 4,481 | |||
Stock repurchases under the May 2026 SRP may be made from time to time through a variety of methods, which may include open market purchases, in block trades, Rule 10b5-1 trading plans, accelerated share repurchase transactions, exchange transactions, or any combination of such methods. The timing and amount of any stock repurchases under the SRP will be based on a variety of factors, including ongoing assessments of the capital needs of the business, alternative investment opportunities, the market price of our common stock and general market conditions. The SRP does not obligate us to acquire any amount of our common stock, and the SRP may be modified, suspended or discontinued at any time without prior notice.
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