Illumina (ILMN) CTO Steven Barnard Sells 408 Shares for Tax Withholding

What Happened
Steven Barnard, Senior Vice President and Chief Technology Officer of Illumina (ILMN), had 408 shares disposed on September 5, 2026 to satisfy a tax liability (transaction code F). The shares were disposed at $211.06 per share, totaling approximately $86,112. This transaction is a withholding/disposition to cover taxes and is not a typical open-market sale for investment reasons.

Key Details

• Transaction date: 2026-09-05; Filing date: 2026-09-09 (filed four days after the transaction). Form 4s are normally due within two business days, so this filing appears later than the usual window.
• Price per share: $211.06; Shares disposed: 408; Total value: ~$86,112.
• Transaction code: F — payment of exercise price or tax liability (shares were surrendered/withheld).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication in this record of an open-market sale or a 10b5-1 plan.

Context
Code F transactions typically reflect shares withheld to cover taxes from a prior equity award vesting or option exercise (a cashless/withholding arrangement), rather than a discretionary sale signaling a change in sentiment. For retail investors, tax-withholding disposals are routine and do not necessarily imply insider views on the company’s prospects.