Illumina executive receives 2,283 performance shares

Illumina, Inc. executive Kevin Carl Pegels, Chief of Global Operations, reported equity award activity on February 12, 2026.

Rhea-AI Filing Summary

Illumina, Inc. executive Kevin Carl Pegels, Chief of Global Operations, reported equity award activity on February 12, 2026. He exercised 2,283 performance share units at an exercise price of $0, receiving 2,283 shares of common stock and bringing his direct holdings to 24,759 shares.

In a related tax-withholding transaction, 874 common shares were disposed of at $114.44 per share to satisfy tax obligations, leaving him with 23,885 directly owned shares. The 2,283 shares reflect a performance award tied to at least 74% achievement of performance criteria from a March 1, 2023 performance share grant.

Insider Trade Summary

2,283 shares exercised/converted

Exercise 3 txns

Insider Pegels Kevin Carl

Role Chief of Global Operations

Type	Security	Shares	Price	Value
Exercise	Performance Shares	2,283	$0.00	$0.00
Exercise	Common Stock	2,283	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	874	$114.44	$100K

Holdings After Transaction: Performance Shares — 0 contracts (Direct); Common Stock — 23,885 shares (Direct)

Footnotes (1)

1. F1. Represents shares of stock awarded as a result of the Company achieving at least 74% of the applicable performance criteria pursuant to the reporting person's grant of performance share units on March 1, 2023.

FAQ

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

What insider transaction did Illumina (ILMN) report for Kevin Pegels?

Illumina (ILMN) reported that Kevin Carl Pegels exercised 2,283 performance share units into common stock on February 12, 2026. This derivative conversion increased his direct common stock holdings before a related tax-withholding share disposition reduced the final balance.

How many Illumina (ILMN) shares does Kevin Pegels own after this Form 4?

After the reported transactions, Kevin Carl Pegels directly owns 23,885 Illumina common shares. His holdings first rose to 24,759 shares from exercising 2,283 performance shares, then decreased when 874 shares were disposed of to cover tax obligations.

What is the nature of the 2,283 Illumina (ILMN) performance shares reported?

The 2,283 shares represent stock awarded because Illumina achieved at least 74% of specified performance criteria. These shares stem from performance share units originally granted to Kevin Carl Pegels on March 1, 2023, and were delivered at an exercise price of $0.

Did Kevin Pegels buy Illumina (ILMN) shares on the open market?

No, the Form 4 shows a derivative conversion, not an open-market purchase. Kevin Carl Pegels received 2,283 shares via exercise of performance share units and then had 874 shares disposed of to satisfy tax obligations, rather than buying or selling in the market.

What does the code “M” mean in the Illumina (ILMN) Form 4 filing?

In this Form 4, transaction code “M” indicates an exercise or conversion of a derivative security. Kevin Carl Pegels converted 2,283 performance share units into 2,283 Illumina common shares at an exercise price of $0, increasing his direct ownership before tax withholding.

Why were 874 Illumina (ILMN) shares disposed of in Kevin Pegels’ filing?

The 874 Illumina shares with transaction code “F” were disposed of at $114.44 per share to satisfy tax obligations. This tax-withholding disposition is associated with the delivery of 2,283 performance-based shares and reduced his direct holdings to 23,885 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/17/2026 - 04:48 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pegels Kevin Carl

(Last) (First) (Middle)

5200 ILLUMINA WAY

(Street)

SAN DIEGO CA 92122

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ILLUMINA, INC. [ ILMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief of Global Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/12/2026		M		2,283(1)	A	$0	24,759	D
Common Stock	02/12/2026		F		874	D	$114.44	23,885	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Shares	(1)	02/12/2026		M			2,283(1)	(1)	12/28/2025	Common Stock	2,283	$0	0	D

Explanation of Responses:

1. Represents shares of stock awarded as a result of the Company achieving at least 74% of the applicable performance criteria pursuant to the reporting person's grant of performance share units on March 1, 2023.

	By: Robert Maynes for Kevin Pegels	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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