ILMN Form 4: Steven Barnard disposes of 287 shares, holding 33,546 shares
Rhea-AI Filing Summary
Illumina insider Steven Barnard, SVP and Chief Technology Officer, reported a sale of 287 shares of Common Stock on 09/05/2025 at a reported price of $98.93 per share, leaving him with 33,546 shares beneficially owned after the transaction. The Form 4 was signed by Robert Maynes on behalf of Mr. Barnard on 09/09/2025. The filing lists no derivative transactions.
Positive
- None.
Negative
- Officer sold 287 shares of Illumina common stock at $98.93, reducing immediate insider-owned shares.
- No Rule 10b5-1 plan or other plan is indicated in the filing for this transaction.
Insights
TL;DR: Insider sale of 287 shares at $98.93; holding remains 33,546 shares—routine disclosure with limited market impact.
The reported transaction is a small, open-market sale by a senior executive. The size (287 shares) and proceeds implied by the $98.93 price are modest relative to typical executive holdings, and no derivative activity or additional transactions are disclosed. This filing provides transparency on insider ownership but does not present new operational or financial information about the company.
TL;DR: Form 4 records a routine disposition by an officer; disclosure complies with Section 16 reporting requirements.
From a governance perspective, the Form 4 is complete for the disclosed non-derivative sale: it identifies the reporting person, relationship to the issuer, transaction date, price, amount sold, and post-transaction beneficial ownership. There is no indication of a Rule 10b5-1 plan or any amendment; no governance concerns are evident from this single, small sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 287 | $98.93 | $28K |