Illumina Insider, Corvex Management, Files Intent to Sell $45M in Stock

Corvex Management LP, an affiliate of Illumina director Keith Meister, has filed a Form 144 notice of a proposed sale of 200,000 shares of common stock. The transaction is valued at approximately $44.97 million. This filing indicates an intent to sell on or around August 27, 2026. The form also reveals a significant pattern of recent selling activity, with Corvex having sold over 2.1 million shares in the preceding three months for gross proceeds exceeding $330 million. The shares designated for this proposed sale were originally acquired via open market purchases between October 2023 and March 2025. The large scale of this planned disposition, combined with the substantial recent sales, represents a noteworthy action by a major institutional holder connected to the company's board.