Davies Scott M 4

What Happened
Scott M. Davies, Chief Legal Officer of Illumina, surrendered/withheld 1,037 shares to satisfy a tax liability (transaction code F). The shares were valued at $116.51 each, for a total of approximately $120,821. This was a disposition to cover taxes rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-15; Filing date: 2026-02-18.
• Price per share: $116.51; Total value: ~$120,821.
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after the transaction: not specified in this Form 4.
• Timeliness: Filing posted three calendar days after the transaction; because the SEC requires Form 4s be filed within two business days, this appears to be filed one business day late.

Context
Code F typically reflects withholding of shares to cover taxes from a prior option exercise or vesting event (a common administrative step). Such withholding is routine and does not necessarily indicate an investment decision by the insider. Purchases generally carry more weight as bullish signals; tax withholdings are neutral administrative actions.