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EXEL SCHEDULE 13D/A: Activist campaign

Farallon Capital Management

Filed with the SEC on · accession 0000908834-26-000515

EXEL filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Nov 9, 2026. A report the company filed with the SEC (the US market regulator). The stock moved +3.1% by the first close after the filing.

Summary of the filing

Farallon Capital Management filed an amended Schedule 13D disclosing that it sold down its stake in Exelixis and ceased to be a beneficial owner of more than 5% of the company's shares as of November 6, 2026.

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Key details

Shares beneficially owned after transactions$12.0M
Shares outstanding as of October 19, 2026$244.0M
Reporting person / former >5% shareholderFarallon Capital Management, L.L.C.
IssuerExelixis, Inc.
Managing member, farallon capital managementHannah E. Dunn

How EXEL stock reacted

Close before

$69.57

Nov 6, 2026

First close after

+3.12%

$71.74

5 trading days

—

Since filing

+1.45%

$70.58

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Frequently asked questions

What did EXEL file with the SEC on Nov 9, 2026?

EXEL filed a SCHEDULE 13D/A (Activist campaign). Farallon Capital Management filed an amended Schedule 13D disclosing that it sold down its stake in Exelixis and ceased to be a beneficial owner of more than 5% of the company's shares as of November 6, 2026.

What does a activist campaign mean for EXEL stock?

A settlement removes uncertainty; the stock often reacts to whether the amount is bigger or smaller than investors expected.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did EXEL stock react to this filing?

EXEL closed at $69.57 before the filing and $71.74 on Nov 9, 2026 (+3.12%).

Other EXEL SEC filings

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