Illumina (NASDAQ: ILMN) director paid in stock, linked to Corvex funds

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Meister Keith A. reported acquisition or exercise transactions in this Form 4 filing.

ILLUMINA, INC. director Keith A. Meister received 161 shares of common stock as a stock-based retainer on March 31, 2026. He elected to take 100% of his 2026 board and committee cash retainer fees in Illumina stock, with the share amount based on the volume weighted average closing price for the completed quarter of $131.5473 per share.

Following this grant, he holds 4,566 shares directly and reports 3,829,508 shares held indirectly for the accounts of certain Corvex Funds for which Corvex Management LP acts as investment adviser.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Meister Keith A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	161	$131.5473	$21K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,566 shares (Direct); Common Stock — 3,829,508 shares (Indirect, Corvex Funds)

Footnotes (1)

Mr. Meister elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock. The number of shares issued in lieu of cash is based on the quotient of (i) the cash compensation otherwise payable for the immediately completed quarter divided by (ii) the volume weighted average closing price per share during the immediately completed quarter, calculated by reference to each trading day during such quarter. The amount reported on this Form represents Mr. Meister's 1st quarter 2026 retainer fees. These securities of Illumina, Inc. 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 the Reporting Person.

Key Figures

Stock grant: 161 shares Grant price: $131.5473 per share Direct holdings after grant: 4,566 shares +2 more

5 metrics

Stock grant 161 shares Common stock grant as Q1 2026 board and committee retainer

Grant price $131.5473 per share Volume weighted average closing price for the completed quarter

Direct holdings after grant 4,566 shares Illumina common stock held directly by Keith A. Meister

Indirect Corvex holdings 3,829,508 shares Illumina shares held for accounts of certain Corvex Funds

Transaction date March 31, 2026 Effective date of the stock grant/award transaction

Key Terms

volume weighted average closing price, retainer fees, investment adviser, private investment funds

4 terms

volume weighted average closing price financial

"based on the quotient of (i) the cash compensation otherwise payable... divided by (ii) the volume weighted average closing price per share"

The volume weighted average closing price is the average of a security’s closing prices over a given period where each day’s closing price is weighted by the number of shares traded that day. It gives more influence to prices on days with heavier trading, so it reflects where most market activity actually occurred rather than treating every day equally. Investors use it as a more realistic benchmark for value, performance tracking, and to compare execution quality.

retainer fees financial

"Mr. Meister elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock."

investment adviser financial

"for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

private investment funds financial

"These securities of Illumina, Inc. are held for the accounts of certain private investment funds (collectively, the "Corvex Funds")"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:31 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^*

Meister Keith A.

(Last)

(First)

(Middle)

5200 ILLUMINA WAY

(Street)

SAN DIEGO

CALIFORNIA

92122

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		161⁽¹⁾	A	$131.5473	4,566	D
Common Stock								3,829,508	I	Corvex Funds⁽²⁾

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)

Explanation of Responses:

1. Mr. Meister elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock. The number of shares issued in lieu of cash is based on the quotient of (i) the cash compensation otherwise payable for the immediately completed quarter divided by (ii) the volume weighted average closing price per share during the immediately completed quarter, calculated by reference to each trading day during such quarter. The amount reported on this Form represents Mr. Meister's 1st quarter 2026 retainer fees.

2. These securities of Illumina, Inc. 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 the Reporting Person.

	Robert Maynes for Keith Meister	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Keith Meister report at Illumina (ILMN)?

Keith A. Meister reported receiving 161 shares of Illumina common stock as compensation on March 31, 2026. The award represents his first quarter 2026 board and committee retainer fees, which he elected to receive entirely in stock instead of cash.

How many Illumina (ILMN) shares does Keith Meister now hold directly and indirectly?

After the March 31, 2026 grant, Keith Meister holds 4,566 Illumina common shares directly. He also reports 3,829,508 shares held indirectly for the accounts of certain Corvex Funds for which Corvex Management LP serves as investment adviser.

Was Keith Meister’s Illumina (ILMN) Form 4 transaction an open-market purchase?

No, the Form 4 shows a grant or award acquisition of 161 Illumina shares coded as “A,” not an open-market purchase. The shares represent board and committee retainer fees that Meister elected to receive entirely in stock for the first quarter of 2026.

How was the number of Illumina (ILMN) shares for Keith Meister’s retainer determined?

The number of shares issued in lieu of cash was calculated by dividing the cash compensation otherwise payable for the quarter by the volume weighted average closing price during that quarter. For Q1 2026, this produced 161 shares at $131.5473 per share.

What are the Corvex Funds holdings reported in Keith Meister’s Illumina (ILMN) filing?

The filing states that 3,829,508 Illumina shares are held for the accounts of certain private investment funds known as the Corvex Funds. Corvex Management LP acts as investment adviser, and its general partner is controlled by Keith Meister, the reporting person.