{"schema_version":"secwatch.filing_event.v1","accession":"0000939767-25-000032","form_type":"8-K","ticker":"EXEL","cik":"0000939767","company_name":"EXELIXIS, INC.","filed_at":"2025-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.882102+00:00","generated_at":"2026-05-26T07:50:54.159017+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Exelixis board authorizes additional $500M stock repurchase program","bullets":["New $500M authorization to be completed by Dec 31, 2025; current $500M program expected to finish in Q2 2025.","Fourth buyback program since March 2023; cumulative shareholder returns exceed $1.2B as of FY2024 end.","Repurchases may be executed via open market, block trades, ASR, or exchange transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0000939767-25-000032","json":"https://secwatch.observer/filing/0000939767-25-000032.json","markdown":"https://secwatch.observer/filing/0000939767-25-000032.md","text":"https://secwatch.observer/filing/0000939767-25-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/939767/000093976725000032/0000939767-25-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/939767/000093976725000032/exel-20250220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T07:50:54.159017+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}