What performance condition triggered Jacob Thaysen’s ILMN performance share award vesting?

The award vested because Illumina achieved at least 74% of the applicable performance criteria. This threshold applied to performance share units granted to Jacob Thaysen on October 5, 2023, resulting in 13,264 common shares being delivered on February 12, 2026.

Illumina (ILMN) CEO Thaysen logs 13,264-share performance vesting, 5,470 for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Illumina, Inc. Chief Executive Officer Jacob Thaysen reported equity award activity involving company stock. On February 12, 2026, he acquired 13,264 shares of common stock through the exercise and conversion of performance share units at an exercise price of $0 per share, reflecting the company achieving at least 74% of specified performance goals.

On the same date, 5,470 shares of common stock were disposed of at $114.44 per share to satisfy tax withholding obligations related to this award. After these transactions, Thaysen directly beneficially owned 89,883 shares of Illumina common stock.

Insider Trade Summary

13,264 shares exercised/converted

Mixed 3 txns

Insider Thaysen Jacob

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Performance Shares	13,264	$0.00	--
Exercise	Common Stock	13,264	$0.00	--
Tax Withholding	Common Stock	5,470	$114.44	$626K

Holdings After Transaction: Performance Shares — 0 shares (Direct); Common Stock — 95,353 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

02/17/2026 - 04:53 PM

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^*

Thaysen Jacob

(Last)

(First)

(Middle)

5200 ILLUMINA WAY

(Street)

SAN DIEGO

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/12/2026		M		13,264⁽¹⁾	A	$0	95,353	D
Common Stock	02/12/2026		F		5,470	D	$114.44	89,883	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Shares	⁽¹⁾	02/12/2026		M			13,264⁽¹⁾	⁽¹⁾	12/28/2025	Common Stock	13,264	$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 October 5, 2023.

	By: Robert Maynes for Jacob Thaysen	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ILMN CEO Jacob Thaysen report on February 12, 2026?

Jacob Thaysen reported exercising performance share units into 13,264 Illumina common shares at an exercise price of $0. This reflects vesting of a performance-based equity award tied to company metrics from his October 5, 2023 grant.

How many Illumina (ILMN) shares does CEO Jacob Thaysen own after this Form 4 filing?

After the reported transactions, Jacob Thaysen directly beneficially owned 89,883 shares of Illumina common stock. This figure reflects both the conversion of 13,264 performance shares and the withholding of 5,470 shares to cover related tax obligations.

Were Jacob Thaysen’s 2026 Illumina (ILMN) transactions open-market stock purchases or sales?

No, the filing shows an exercise of performance share units at $0 per share and a tax-withholding disposition. The 5,470 shares at $114.44 were used to satisfy tax obligations, not reported as an open-market buy or sell.

What does transaction code M mean in the ILMN Form 4 for Jacob Thaysen?

Transaction code M indicates an exercise or conversion of a derivative security. For Jacob Thaysen, it reflects converting 13,264 performance share units into an equal number of Illumina common shares at an exercise price of $0 per share on February 12, 2026.

Why were 5,470 Illumina (ILMN) shares disposed of in Jacob Thaysen’s Form 4?

The 5,470 shares, reported with transaction code F, were withheld to pay tax liabilities related to the vested performance shares. This tax-withholding disposition occurred at a price of $114.44 per share on February 12, 2026.