Exelixis (EXEL) investor relations material

Opening remarks and agenda

• Meeting called to order by the President and CEO, with key executives and independent auditors present.

• Meeting held virtually, allowing stockholders to participate, submit questions, and vote online.

• Agenda and rules of conduct provided in the virtual portal; only proposals in the proxy statement to be voted on.

• Notice of meeting duly given; quorum established with 90.16% of shares represented.

Board and executive committee updates

• Election of 11 directors to serve until the next annual meeting in 2027, with all nominees recommended by the board.

Shareholder proposals

• Ratification of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending January 1, 2027.

• Amendment and restatement of the 2017 Equity Incentive Plan to increase authorized shares by 2 million.

• Advisory approval of named executive officer compensation as disclosed in the proxy statement.