Davies Scott M 4

What Happened
Scott M. Davies, Illumina's Chief Legal Officer, sold 615 shares of Illumina stock in an open-market transaction on May 29, 2026. The shares were sold at $160.00 each, for total gross proceeds of approximately $98,400. This was a sale (S) rather than a purchase; sales by insiders are often routine liquidity events and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: 2026-05-29; Filing date (Form 4): 2026-06-01.
• Transaction type and code: Open-market sale (S).
• Shares sold: 615 at $160.00 per share; total ≈ $98,400.
• Shares owned after transaction: Not specified in the summary provided — see the full Form 4 for post-transaction holdings.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes were indicated in the provided details.
• Timeliness: No late-filing flag was indicated in the information supplied.

Context
Sales by executives can reflect personal financial planning rather than a view on the company; purchases are generally considered more informative for signaling confidence. This was a straightforward open-market sale of existing shares (not an option exercise, gift, or award). Retail investors should consult the full SEC Form 4 for complete holdings and any additional disclosures.