Illumina (NASDAQ: ILMN) CEO receives new stock and performance share grants

Rhea-AI Filing Summary

ILLUMINA, INC. Chief Executive Officer Jacob Thaysen reported equity awards on common stock and performance shares. He was granted 25,734 shares of common stock on an award coded as an acquisition at a reported price of $128.24 per share, increasing his directly held common stock to 109,073 shares.

He also received two awards of performance shares, each covering 30,022 performance stock units at a reported price of $128.24 per unit. One restricted stock unit grant vests 25% on each of February 15, 2027, 2028, 2029, and 2030, subject to continued service. The performance stock units vest based on Illumina’s three‑year average non‑GAAP EPS growth for fiscal years 2026‑2028 and on relative total shareholder return for the fiscal year ending December 31, 2028, with payout ranging from 0% to 250% of the granted amount, contingent on predefined objectives and continued service.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Thaysen Jacob

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Shares	30,022	$128.24	$3.85M
Grant/Award	Performance Shares	30,022	$128.24	$3.85M
Grant/Award	Common Stock	25,734	$128.24	$3.30M

Holdings After Transaction: Performance Shares — 30,022 shares (Direct); Common Stock — 109,073 shares (Direct)

Footnotes (1)

1. Grant of restricted stock units shall vest as follows: 25% of the shares subject to the award shall vest on each of February 15, 2027, February 15, 2028, February 15, 2029, and February 15, 2030, subject to awardee's continuing status as a service provider on such dates. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028 with vesting on December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the Company's actual three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028, relative to pre-defined objectives, subject to awardee's continuing to be a service provider on such dates. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's relative total shareholder return for the fiscal year ending December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending December 31, 2028, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.

Form 4 Insider Transactions: What Each Field Means →

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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		25,734(1)	A	$128.24	109,073	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	(2)	03/05/2026		A		30,022		(2)	12/31/2028	Common Stock	30,022	$128.24	30,022	D
Performance Shares	(3)	03/05/2026		A		30,022		(3)	12/31/2028	Common Stock	30,022	$128.24	30,022	D

Explanation of Responses:

1. Grant of restricted stock units shall vest as follows: 25% of the shares subject to the award shall vest on each of February 15, 2027, February 15, 2028, February 15, 2029, and February 15, 2030, subject to awardee's continuing status as a service provider on such dates.

2. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028 with vesting on December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the Company's actual three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028, relative to pre-defined objectives, subject to awardee's continuing to be a service provider on such dates.

3. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's relative total shareholder return for the fiscal year ending December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending December 31, 2028, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.

	By: Robert Maynes for Jacob Thaysen	03/09/2026
	** 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 did Illumina (ILMN) CEO Jacob Thaysen report in this Form 4?

Illumina CEO Jacob Thaysen reported equity awards in common stock and performance shares. He received 25,734 shares of common stock and two performance share awards of 30,022 units each, all classified as acquisitions and held directly in his name.

How many Illumina (ILMN) common shares does Jacob Thaysen now hold directly?

After these awards, Jacob Thaysen directly holds 109,073 shares of Illumina common stock. This total reflects a grant of 25,734 common shares reported at $128.24 per share, in addition to his previously held directly owned common shares.

How do Jacob Thaysen’s Illumina performance stock units vest?

Each performance stock unit gives a contingent right to one Illumina share. Payout depends on three-year average non-GAAP EPS growth for 2026–2028 and on relative total shareholder return for 2028, with potential issuance between 0% and 250% of granted units, subject to continued service.

What is the vesting schedule for Jacob Thaysen’s Illumina restricted stock units?

The restricted stock units vest in four equal installments. 25% of the shares vest on each of February 15, 2027, 2028, 2029, and 2030, provided Jacob Thaysen continues as a service provider to Illumina on each applicable vesting date.

At what price were Jacob Thaysen’s new Illumina awards reported?

The Form 4 lists a reported price of $128.24 per share or unit for the new common stock and performance share awards. This figure is used in the filing to describe the transaction price associated with these equity grants on the transaction date.

Are Jacob Thaysen’s Illumina awards time-based, performance-based, or both?

Thaysen’s awards include both time-based and performance-based components. The restricted stock units vest over time through 2030, while the performance stock units depend on Illumina’s non-GAAP EPS growth for 2026–2028 and its relative total shareholder return for 2028.