Illumina (ILMN) SVP Leckman converts performance shares, withholds stock for taxes

Rhea-AI Filing Summary

Illumina, Inc. executive Patricia Leckman reported equity award activity. On February 12, 2026, she exercised 1,028 performance share units at an exercise price of $0, receiving the same number of Illumina common shares as a result of the company achieving at least 74% of specified performance criteria.

Following this conversion, her direct common stock holdings increased to 20,419 shares. On the same day, 424 shares of common stock were automatically disposed of at $114.44 per share to cover tax obligations tied to the award, leaving her with 19,995 shares owned directly after these transactions.

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

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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^*

Leckman Patricia

(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)
	SVP, Chief People Officer

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		1,028(1)	A	$0	20,419	D
Common Stock	02/12/2026		F		424	D	$114.44	19,995	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			1,028(1)	(1)	12/28/2025	Common Stock	1,028	$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.

	Robert Maynes for Patricia Leckman	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did ILMN executive Patricia Leckman report on February 12, 2026?

Patricia Leckman reported exercising 1,028 performance share units into Illumina common stock. These shares were granted under a 2023 performance award that paid out after the company achieved at least 74% of its performance criteria, increasing her direct equity stake.

How many Illumina (ILMN) shares did Patricia Leckman acquire from performance shares?

She acquired 1,028 shares of Illumina common stock through the exercise of performance share units at a conversion price of $0. The award vested based on the company reaching at least 74% of performance targets from a March 1, 2023 grant.

Why were 424 Illumina (ILMN) shares disposed of in Patricia Leckman’s Form 4?

The 424 Illumina shares were disposed of to satisfy tax withholding obligations related to the vested performance share units. This tax-withholding disposition occurred at a price of $114.44 per share and is coded as a tax payment rather than an open-market sale.

How many Illumina (ILMN) shares does Patricia Leckman own after the reported transactions?

After exercising performance share units and disposing of shares for tax withholding, Patricia Leckman directly owns 19,995 shares of Illumina common stock. This figure reflects her position immediately following the February 12, 2026 equity award activity.

What role does Patricia Leckman hold at Illumina (ILMN)?

Patricia Leckman serves as Illumina’s SVP, Chief People Officer. Her Form 4 filing reflects equity compensation tied to this executive role, including performance share units that vested based on the company meeting specified performance criteria from a 2023 grant.

How were the performance criteria described for Patricia Leckman’s Illumina (ILMN) award?

The footnote explains the award was earned because Illumina achieved at least 74% of applicable performance criteria. These results triggered the conversion of 1,028 performance share units, originally granted on March 1, 2023, into an equal number of common shares.