Illumina (NASDAQ: ILMN) director's funds sell shares across three days
Rhea-AI Filing Summary
ILLUMINA, INC. (ILMN) director Keith A. Meister, through private investment funds advised by Corvex Management LP, reported indirect open‑market sales of a total of 679,574 shares of Illumina common stock on August 19–21, 2026, across multiple trades at weighted average prices within ranges from $201.59 to $220.43 per share. Corvex and Mr. Meister each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest. A separate holding entry shows 6,780 shares of Illumina common stock held directly.
Positive
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Negative
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Insights
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Insider Trade Summary
Net Seller: 679,574 shares
Net Sell
29 txns
Insider
Meister Keith A.
Role
Director
Sold
679,574 shs ($145.56M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F20, F1, F2 | 4,528 | $210.45 | $953K |
| Sale | Common Stock F21, F1, F2 | 7,151 | $211.54 | $1.51M |
| Sale | Common Stock F22, F1, F2 | 13,050 | $212.65 | $2.78M |
| Sale | Common Stock F23, F1, F2 | 6,821 | $213.81 | $1.46M |
| Sale | Common Stock F24, F1, F2 | 13,668 | $214.64 | $2.93M |
| Sale | Common Stock F25, F1, F2 | 9,365 | $215.61 | $2.02M |
| Sale | Common Stock F26, F1, F2 | 12,602 | $216.44 | $2.73M |
| Sale | Common Stock F27, F1, F2 | 8,187 | $217.84 | $1.78M |
| Sale | Common Stock F28, F1, F2 | 86,825 | $218.60 | $18.98M |
| Sale | Common Stock F29, F1, F2 | 133,256 | $219.47 | $29.25M |
| Sale | Common Stock F30, F1, F2 | 3,883 | $220.13 | $855K |
| Sale | Common Stock F7, F1, F2 | 1,132 | $207.65 | $235K |
| Sale | Common Stock F8, F1, F2 | 3,563 | $208.55 | $743K |
| Sale | Common Stock F9, F1, F2 | 9,078 | $209.68 | $1.90M |
| Sale | Common Stock F10, F1, F2 | 23,638 | $210.66 | $4.98M |
| Sale | Common Stock F11, F1, F2 | 34,009 | $211.90 | $7.21M |
| Sale | Common Stock F12, F1, F2 | 29,805 | $212.83 | $6.34M |
| Sale | Common Stock F13, F1, F2 | 71,939 | $213.36 | $15.35M |
| Sale | Common Stock F14, F1, F2 | 42,218 | $214.57 | $9.06M |
| Sale | Common Stock F15, F1, F2 | 18,405 | $215.62 | $3.97M |
| Sale | Common Stock F16, F1, F2 | 15,263 | $216.88 | $3.31M |
| Sale | Common Stock F17, F1, F2 | 21,147 | $217.72 | $4.60M |
| Sale | Common Stock F18, F1, F2 | 5,693 | $218.46 | $1.24M |
| Sale | Common Stock F19, F1, F2 | 9,348 | $219.82 | $2.05M |
| Sale | Common Stock F3, F1, F2 | 19,884 | $202.37 | $4.02M |
| Sale | Common Stock F4, F1, F2 | 57,544 | $203.16 | $11.69M |
| Sale | Common Stock F5, F1, F2 | 4,759 | $204.16 | $972K |
| Sale | Common Stock F6, F1, F2 | 12,813 | $205.00 | $2.63M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,409,851 shares (Indirect, See Footnotes);
Common Stock — 6,780 shares (Direct)
Footnotes (30)
- F1. These securities of Illumina, Inc. (the "Issuer") are held for the accounts of certain private investment funds (collectively, the "Corvex Funds") for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP and Corvex Select Equity Master Fund LP. The general partner of Corvex is controlled by Keith Meister.
- F2. For the purposes of this filing, each of Corvex and Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Corvex or Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $201.59 to $202.58. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3)-(30) to this Form 4.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $202.59 to $203.58.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $203.65 to $204.61.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $204.72 to $205.11.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $207.01 to $207.91.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $208.02 to $209.01.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $209.11 to $210.10.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $210.11 to $211.09.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $211.14 to $212.13.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $212.14 to $213.12.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $213.14 to $214.13.
- F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $214.14 to $215.11.
- F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $215.14 to $216.13.
- F16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $216.14 to $217.13.
- F17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $217.14 to $218.13.
- F18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $218.14 to $219.13.
- F19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $219.15 to $220.00.
- F20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $210.01 to $210.99.
- F21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $211.06 to $212.04.
- F22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $212.06 to $213.05.
- F23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $213.07 to $214.06.
- F24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $214.07 to $215.06.
- F25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $215.07 to $216.06.
- F26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $216.07 to $217.06.
- F27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $217.07 to $218.05.
- F28. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $218.07 to $219.06.
- F29. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $219.07 to $220.06.
- F30. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $220.07 to $220.43.
Key Figures
Total shares sold: 679,574 shares
Number of sale transactions: 28 transactions
Lowest reported weighted average sale price range: $201.59–$202.58 per share
+3 more
6 metrics
Total shares sold
679,574 shares
Aggregate indirect open‑market sales by Corvex‑advised funds on August 19–21, 2026
Number of sale transactions
28 transactions
Non‑derivative sale entries coded “S” in the Form 4
Lowest reported weighted average sale price range
$201.59–$202.58 per share
Price range for sales described in footnote (3)
Highest reported weighted average sale price range
$220.07–$220.43 per share
Price range for sales described in footnote (30)
Example reported sale price
$219.47 per share
Weighted average price for a 133,256‑share indirect sale on August 21, 2026
Directly held shares
6,780 shares
Direct holding of Illumina common stock reported for Keith A. Meister
Key Terms
weighted average price, beneficial ownership, pecuniary interest, indirect ownership
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"disclaims beneficial ownership of the reported securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
indirect ownership financial
"These securities ... are held for the accounts of certain private investment funds"
FAQ
What insider activity did ILMN director Keith A. Meister report in this Form 4?
The Form 4 reports that funds advised by Corvex Management LP, associated with director Keith A. Meister, sold a total of 679,574 ILMN common shares indirectly in open‑market transactions on August 19–21, 2026, at various weighted average prices.
What price range did the ILMN insider sales occur at in this Form 4?
The reported transactions were at weighted average prices, with the underlying trades occurring in ranges from approximately $201.59 to $220.43 per share, as detailed in footnotes (3)–(30).
Were the reported ILMN insider transactions under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the trades were made pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.