Form 4: Davies Scott M reports multiple insider transactions in ILMN

Rhea-AI Filing Summary

Davies Scott M reported multiple insider transaction types in a Form 4 filing for ILMN. The filing lists transactions totaling 3,290 shares at a weighted average price of $114.44 per share. Following the reported transactions, holdings were 19,257 shares.

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

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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^*

Davies Scott M

(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)
	Chief Legal 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		1,370(1)	A	$0	19,257	D
Common Stock	02/12/2026		F		550	D	$114.44	18,707	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			1,370(1)	(1)	12/28/2025	Common Stock	1,370	$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 Scott M. Davies	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.

FAQ

What insider transaction did Illumina (ILMN) report for Scott M. Davies?

Illumina’s Chief Legal Officer, Scott M. Davies, exercised performance share units into 1,370 common shares. As part of the same event, 550 shares were disposed of to satisfy tax obligations, resulting in 18,707 common shares owned directly after the transactions.

Was the Illumina (ILMN) Form 4 a buy or sell by the Chief Legal Officer?

The Form 4 primarily reports an equity award exercise, not an open-market buy or sell. Davies converted performance share units into 1,370 common shares, and 550 shares were withheld and disposed of to cover tax liabilities related to this compensation event.

How many Illumina (ILMN) shares does Scott M. Davies own after this Form 4?

Following the reported transactions, Scott M. Davies directly owns 18,707 Illumina common shares. This figure reflects the 1,370 shares received from exercising performance share units, net of 550 shares disposed of to satisfy tax obligations associated with the award.

What do the performance share units in the Illumina (ILMN) Form 4 represent?

The performance share units represent stock awards tied to company performance criteria. Illumina achieved at least 74% of the applicable performance goals from a March 1, 2023 grant, leading to the issuance of 1,370 common shares to Scott M. Davies upon vesting and exercise.

What does transaction code M mean in the Illumina (ILMN) Form 4 filing?

Transaction code M indicates an exercise or conversion of a derivative security. In this filing, it reflects Scott M. Davies converting performance share units into 1,370 Illumina common shares at an exercise price of $0, as part of his equity compensation package.

Why were 550 Illumina (ILMN) shares disposed of in this Form 4?

The 550 shares were disposed of under transaction code F, which denotes payment of tax liabilities by delivering shares. These shares were used to satisfy withholding taxes related to the exercise of performance share units, rather than being sold on the open market.