Illumina director affiliate plans $32M stock sale

Corvex Management, affiliated with an Illumina director, filed to sell 150,000 ILMN shares under Rule 144 after significant recent open-market sales.

Rhea-AI Filing Summary

ILLUMINA, INC. (ILMN) received a Rule 144 notice from Corvex Management, an affiliate of a company director, for a proposed sale of 150,000 shares of common stock through Goldman Sachs & Co. LLC on the Nasdaq Stock Market. The proposed sale has an aggregate market value of $31,987,500. Illumina common shares outstanding are listed as 151,000,000 as of the notice; this is a baseline figure, not the amount being sold. In the three months before the notice, Corvex reported multiple open-market sales of Illumina shares on various August and September 2026 dates.

Key Figures

Proposed shares to be sold: 150,000 shares Aggregate market value of proposed sale: $31,987,500.00 Illumina shares outstanding: 151,000,000 shares +5 more

8 metrics

Proposed shares to be sold 150,000 shares Common Stock, par value $0.01 per share, under Rule 144

Aggregate market value of proposed sale $31,987,500.00 Value reported for the 150,000 shares to be sold

Illumina shares outstanding 151,000,000 shares Common stock outstanding as referenced in the notice

Shares sold on August 4, 2026 457,858 shares Common stock sold by Corvex Management LP

Proceeds from August 4, 2026 sale $91,616,949.73 Value of Illumina shares sold on August 4, 2026

Shares sold on August 5, 2026 283,269 shares Common stock sold by Corvex Management LP

Proceeds from August 5, 2026 sale $56,542,873.94 Value of Illumina shares sold on August 5, 2026

Shares sold on August 21, 2026 299,336 shares Common stock sold by Corvex Management LP

Key Terms

Rule 144, beneficial owner, open market transactions, investment adviser, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

beneficial owner financial

"may be deemed to be the beneficial owner of shares of Common Stock"

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.

open market transactions financial

"purchased between October 25, 2023 and March 27, 2025 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.

investment adviser financial

"funds for which Corvex 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.

affiliate of Director regulatory

"Affiliate of Director (1)"

FAQ

What does the Form 144 filing mean for Illumina (ILMN)?

The filing reports that Corvex Management, an affiliate of an Illumina director, plans to sell 150,000 ILMN common shares under Rule 144 through Goldman Sachs & Co. LLC. It is a notice of a potential resale of existing shares, not a new issuance by Illumina.

How many Illumina (ILMN) shares is Corvex Management proposing to sell?

Corvex Management filed to sell up to 150,000 shares of Illumina common stock, par value $0.01 per share. The proposed transaction is to be executed through Goldman Sachs & Co. LLC on the Nasdaq Stock Market.

What is the reported market value of the planned Illumina (ILMN) share sale?

The Form 144 lists an aggregate market value of $31,987,500.00 for the proposed sale of 150,000 Illumina shares by Corvex Management. This reflects the value used for the Rule 144 notice at the time of filing.

How many Illumina (ILMN) shares are reported as outstanding in this filing?

The notice states that 151,000,000 shares of Illumina common stock are outstanding. This figure provides context for the size of the proposed 150,000-share resale relative to Illumina’s total common shares.

What recent Illumina (ILMN) share sales by Corvex are disclosed?

Corvex reports several open-market sales, including 457,858 shares on August 4, 2026 for $91,616,949.73 and 283,269 shares on August 5, 2026 for $56,542,873.94, plus additional transactions on other August and early September 2026 dates.

How were the Illumina (ILMN) shares to be sold originally acquired by Corvex?

The filing states that the shares of common stock to be sold were purchased between October 25, 2023 and March 27, 2025 in various open market transactions and from counterparties in open market transactions, for cash.

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 Not now

Available on EDGAR 09/04/2026 - 04:07 PM Accepted by SEC EDGAR 09/04/2026 - 04:05 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001535472
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ILLUMINA, INC.
SEC File Number	001-35406
Address of Issuer	5200 ILLUMINA WAY SAN DIEGO CALIFORNIA 92122
Phone	8582024500
Name of Person for Whose Account the Securities are To Be Sold	Corvex Management LP
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Affiliate of Director (1)

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock, par value $0.01 per share	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	150000	31987500.00	151000000	09/04/2026	Nasdaq Stock Market

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock, par value $0.01 per share	10/25/2023	Purchases of shares of Common Stock in the open market (2)	Purchases from counterparties in open market transactions			150000	10/25/2023	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/04/2026	457858	91616949.73
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/05/2026	283269	56542873.94
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/19/2026	95000	19312857.70
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/20/2026	285238	60999944.21
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/21/2026	299336	65242566.35
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/25/2026	131019	29546278.62
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/26/2026	106543	24021480.44
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	08/27/2026	138379	31673634.84
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	09/02/2026	68108	14526262.57
Corvex Management LP (1) 667 Madison Avenue New York NY 10065	Common Stock, par value $0.01 per share	09/03/2026	75951	16574471.06

144: Remarks and Signature

Remarks	1. Corvex Management LP (Corvex) may be deemed to be the beneficial owner of shares of Common Stock (Common Stock) of Illumina, Inc. (the Issuer) held by one or more funds for which Corvex serves as investment adviser. The general partner of Corvex is controlled by Keith Meister, who serves as a director on the Board of Directors of the Issuer. 2. Shares of Common Stock to be sold were purchased between October 25, 2023 and March 27, 2025 in various open market transactions.
Date of Notice	09/04/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Patrick Dooley, authorized signatory of Corvex Management LP
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)