Illumina (ILMN) legal chief sells 615 shares in open market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ILLUMINA, INC. Chief Legal Officer Scott M. Davies reported an open-market sale of company stock. On May 29, 2026, he sold 615 shares of common stock at $160.00 per share. After this transaction, he directly holds 21,568 shares of Illumina common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 615 shares ($98,400)
Net Sell
1 txn
Insider
Davies Scott M
Role
Chief Legal Officer
Sold
615 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 615 | $160.00 | $98K |
Holdings After Transaction:
Common Stock — 21,568 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 615 shares
Sale price: $160.00 per share
Shares held after transaction: 21,568 shares
3 metrics
Shares sold
615 shares
Open-market sale of Illumina common stock
Sale price
$160.00 per share
Price for the 615 shares sold
Shares held after transaction
21,568 shares
Direct holdings after May 29, 2026 sale
Key Terms
open-market sale, Form 4, Common Stock, Chief Legal Officer
4 terms
open-market sale financial
"The transaction was categorized as an open-market sale of common stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The insider activity was disclosed in a Form 4 filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"The transaction involved shares of Illumina common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Chief Legal Officer financial
"Scott M. Davies serves as Illumina’s Chief Legal Officer."
A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.
FAQ
What insider transaction did ILMN report for Scott M. Davies?
Illumina Chief Legal Officer Scott M. Davies reported an open-market sale of company stock. He sold 615 shares of Illumina common stock, as disclosed in a Form 4 insider trading report filed with regulators.
What is the role of Scott M. Davies at Illumina (ILMN)?
Scott M. Davies serves as Illumina’s Chief Legal Officer. His status as an officer of the company requires him to report transactions in Illumina common stock, such as this open-market sale, on Form 4.
Was the ILMN insider transaction an open-market sale or another type?
The transaction was an open-market sale of Illumina common stock. The Form 4 classifies it with code “S” and describes it as a sale in an open market or private transaction at $160.00 per share.