Leckman Patricia 4

What Happened

• Patricia Leckman, SVP and Chief People Officer at Illumina (ILMN), disposed of a total of 3,674 shares in mid-February 2026. On 2026-02-15, 1,304 shares were surrendered to cover tax liability (code F) at $116.51 per share for $151,929. On 2026-02-18 she sold 2,370 shares in an open-market transaction (code S) at $116.18 per share for $275,347. These were sales/dispositions rather than purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-15: 1,304 shares @ $116.51 (tax withholding / disposition) — $151,929
  • 2026-02-18: 2,370 shares @ $116.18 (open-market sale) — $275,347
• Total shares disposed: 3,674; total proceeds ≈ $427,276
• Shares owned after the transactions: not specified in the filing
• Footnotes/transaction codes: F = payment of exercise price or tax liability (shares surrendered to cover taxes); S = open-market sale
• Filing: Form 4 filed 2026-02-18 (no late-filing indication in the report)

Context

• The F-code disposition typically indicates shares were used to satisfy tax withholding from a prior option exercise or vesting event (a cashless-type settlement), while the S-code sale was an ordinary open-market sale. Sales by executives are common and do not by themselves indicate company performance or insider sentiment; they can be driven by tax obligations, diversification, or personal liquidity needs.