Illumina (ILMN) CEO logs Form 4 tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ILLUMINA, INC. Chief Executive Officer Jacob Thaysen reported a Form 4 transaction involving a tax-related share disposition. On this transaction, 6,544 shares of common stock were withheld at a price of $116.51 per share to cover tax liabilities, and he held 83,339 shares directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thaysen Jacob
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,544 | $116.51 | $762K |
Holdings After Transaction:
Common Stock — 83,339 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did ILMN CEO Jacob Thaysen report?
Jacob Thaysen reported a tax-related share disposition on common stock. A total of 6,544 shares were used to satisfy tax obligations, classified under code F, a payment of exercise price or tax liability by delivering securities.
Was the ILMN CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded F, meaning shares were disposed of to pay exercise price or tax liabilities, a common administrative transaction rather than a discretionary buy or sell in the open market.
What does transaction code F mean in the ILMN CEO’s Form 4 filing?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this case, 6,544 Illumina shares were disposed of to cover tax obligations, distinguishing it from a voluntary open-market purchase or sale of stock.
Does the ILMN Form 4 show buying or selling activity by the CEO?
The Form 4 shows a tax-withholding disposition, not a traditional buy or sell. Shares were delivered to satisfy tax liabilities, so it is categorized as a dispose transaction rather than an open-market trade initiated for investment decisions.