What performance conditions triggered Steven Barnard’s Illumina (ILMN) share awards?

The share awards were triggered when Illumina achieved at least 74% of the applicable performance criteria tied to Barnard’s performance share unit grants. These criteria applied to awards originally granted on March 1, 2023 and September 5, 2023, resulting in stock being issued upon achievement.

ILMN Form 4 reports multiple insider transactions

Barnard Steven reported multiple insider transaction types in a Form 4 filing for ILMN.

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Form Type

Rhea-AI Filing Summary

Barnard Steven reported multiple insider transaction types in a Form 4 filing for ILMN. The filing lists transactions totaling 6,368 shares at a weighted average price of $114.44 per share. Following the reported transactions, holdings were 34,694 shares.

Insider Trade Summary

2,677 shares exercised/converted

Exercise 5 txns

Insider Barnard Steven

Role SVP, Chief Technology Officer

Type	Security	Shares	Price	Value
Exercise	Performance Shares	1,256	$0.00	$0.00
Exercise	Performance Shares	1,421	$0.00	$0.00
Exercise	Common Stock	1,256	$0.00	$0.00
Exercise	Common Stock	1,421	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,014	$114.44	$116K

Holdings After Transaction: Performance Shares — 0 contracts (Direct); Common Stock — 34,694 shares (Direct)

Footnotes (2)

F1. 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.
F2. 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 September 5, 2023.

FAQ

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What insider activity did Illumina (ILMN) report for Steven Barnard?

Illumina reported that CTO Steven Barnard had two performance share unit awards vest, converting into common stock, with a portion of the shares withheld to cover taxes. These transactions reflect routine executive equity compensation rather than an open-market stock purchase or sale.

How many Illumina (ILMN) shares did Steven Barnard receive from performance awards?

Steven Barnard received 1,256 and 1,421 Illumina common shares from two performance share unit grants. The awards vested after the company achieved at least 74% of specified performance criteria under grants originally made on March 1, 2023 and September 5, 2023.

Did Steven Barnard sell Illumina (ILMN) shares in the open market?

The filing shows a disposition of 1,014 shares coded as a tax-withholding transaction, not an open-market sale. Shares were surrendered at $114.44 per share to satisfy tax obligations arising from the vesting and conversion of performance share units into Illumina common stock.

How many Illumina (ILMN) shares does Steven Barnard own after these transactions?

Following the reported vesting and tax-withholding transactions, Steven Barnard directly owned 34,694 shares of Illumina common stock. This figure reflects his updated direct beneficial ownership after converting performance shares and surrendering some shares to cover related tax liabilities.

What do the transaction codes M and F mean in the Illumina (ILMN) Form 4?

Code M indicates the exercise or conversion of derivative securities, here performance share units converting into common stock at a $0 price. Code F indicates shares disposed of to pay tax liabilities, meaning 1,014 shares were withheld rather than sold in a discretionary market transaction.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/17/2026 - 04:55 PM EST

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^*

Barnard Steven

(Last)

(First)

(Middle)

5200 ILLUMINA WAY

(Street)

SAN DIEGO

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)
	SVP, Chief Technology 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)
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	02/12/2026		M		1,256⁽¹⁾	A	$0	34,287	D
Common Stock	02/12/2026		M		1,421⁽²⁾	A	$0	35,708	D
Common Stock	02/12/2026		F		1,014	D	$114.44	34,694	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)
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)
Performance Shares	⁽¹⁾	02/12/2026		M			1,256⁽¹⁾	⁽¹⁾	12/28/2025	Common Stock	1,256	$0	0	D
Performance Shares	⁽²⁾	02/12/2026		M			1,421⁽²⁾	⁽²⁾	12/28/2025	Common Stock	1,421	$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.

2. 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 September 5, 2023.

	By: Robert Maynes for Steven Barnard	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.

Source: View Original Filing on SEC EDGAR