Illumina (ILMN) Director Keith Meister Sells 263,560 Shares

What Happened
Keith A. Meister, a director of Illumina, sold a total of 263,560 Illumina shares in open-market transactions from Sept 2–4, 2026 for aggregate proceeds of about $57,199,203. Sales included two transactions on Sept 2 (68,108 shares, ~$14.53M), multiple sales on Sept 3 (75,951 shares, ~$16.57M) and three transactions on Sept 4 (119,501 shares, $26.10M). The largest single line item was 100,650 shares on Sept 4 at a weighted average price of $218.39 ($21.98M). Prices reported were weighted averages across multiple trades, with individual trade prices in the roughly $213.20–$221.66 range.

Key Details

• Dates & breakdown:
  • 2026-09-02: 68,108 shares sold for ~$14.53M (weighted prices ~ $212.42–214.02 per footnotes)
  • 2026-09-03: 75,951 shares sold for ~$16.57M (weighted prices in ranges up to ~$219.41–221.66 per footnotes)
  • 2026-09-04: 119,501 shares sold for ~$26.10M (including 100,650 shares @ $218.39)
• Total shares sold: 263,560; total proceeds: ~$57.2M.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Notable footnotes: Shares are held for certain private investment funds for which Corvex Management LP acts as adviser (the “Corvex Funds”); the general partner of Corvex is controlled by Keith Meister (F1). Meister and Corvex disclaim beneficial ownership except to the extent of pecuniary interest (F2). Several footnotes (F3–F14) note that reported prices are weighted averages across transaction price ranges; exact per-price breakdown is available upon request to the issuer/SEC staff.
• Timeliness: Form filed 2026-09-04 reporting trades Sept 2–4; no late-filing flag indicated in the provided data.

Context
These sales were executed for accounts of Corvex-managed funds rather than necessarily representing direct personal purchases or sales by Meister; the filing includes a disclaimer of beneficial ownership except for pecuniary interest. Open-market sales by a director or fund are commonly routine portfolio-management activity and should not be interpreted as a personal endorsement or negative signal about the company without additional information.