STOCK TITAN

Illumina: Corvex proposes $82.8M share sale

Corvex says it acquired the shares in open-market transactions between October 25, 2023 and March 27, 2025.

Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
144

Rhea-AI Filing Summary

Illumina, Inc. is the issuer for Corvex Management LP's proposed sale of 375,000 common shares, with an aggregate market value of $82,792,500 and an approximate sale date of November 10, 2026. Goldman Sachs & Co. LLC is named as broker and Nasdaq Stock Market as the exchange. The notice reports 151,200,000 shares outstanding. Corvex may be deemed the beneficial owner of shares held by funds it advises; its general partner is controlled by Keith Meister, an Illumina director.

Proposed shares to be sold 375,000 shares Approximate sale date: November 10, 2026
Aggregate market value $82,792,500 Proposed sale
Shares outstanding 151,200,000 shares As reported in the securities information
Shares sold on November 9, 2026 118,567 shares Sale listed during the past three months
Gross proceeds reported for November 9, 2026 sale $26,149,717.46 Sale listed during the past three months
Shares sold on November 4, 2026 50,000 shares Sale listed during the past three months
Gross proceeds reported for November 4, 2026 sale $11,358,483.55 Sale listed during the past three months
Aggregate Market Value financial
"Aggregate Market Value"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
beneficial owner regulatory
"may be deemed to be the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
investment adviser regulatory
"serves as investment adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
open market transactions financial
"in various open market transactions"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ILMN shares is Corvex Management LP proposing to sell?

Corvex lists a proposed sale of 375,000 Illumina common shares, with an aggregate market value of $82,792,500 and an approximate sale date of November 10, 2026.

How did Corvex acquire the ILMN shares listed for sale?

Corvex states that the shares were purchased in various open-market transactions between October 25, 2023 and March 27, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Keep reading