---
schema_version: "secwatch.filing_event.v1"
accession: "0000939767-23-000033"
form_type: "8-K"
ticker: "EXEL"
cik: "0000939767"
company_name: "EXELIXIS, INC."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:24:59.972508+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Exelixis authorizes $550M share repurchase program through end of 2023

## Summary
- Board authorized up to $550M of common stock repurchases before end of 2023.
- Program may be executed via open market, block trades, accelerated repurchase or exchanges.
- Repurchases depend on capital needs, market conditions and alternative opportunities.
- Program does not obligate Exelixis to repurchase any specific amount; may be suspended or discontinued.

## SEC filing metadata
- accession: 0000939767-23-000033
- form_type: 8-K
- ticker: EXEL
- cik: 0000939767
- company_name: EXELIXIS, INC.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939767/000093976723000033/0000939767-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939767/000093976723000033/exel-20230320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939767-23-000033
- JSON: https://secwatch.observer/filing/0000939767-23-000033.json
- Plain text: https://secwatch.observer/filing/0000939767-23-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.