Illumina CTO Steven Barnard Disposes of 408 Shares for Tax Withholding

Executive Summary

On September 5, 2026, Steven Barnard, Senior Vice President and Chief Technology Officer of Illumina, Inc. ($ILMN), surrendered 408 shares of common stock at a price of $211.06 per share to satisfy tax withholding obligations arising from equity vesting. The transaction totaled approximately $86,112.48.

Transaction Details

• Insider: Steven Barnard (SVP, Chief Technology Officer)
• Security: Common Stock
• Transaction Code: F (Payment of tax liability by withholding securities)
• Shares Disposed: 408 shares
• Price per Share: $211.06
• Total Value: $86,112.48
• Ownership Post-Transaction: 40,927 shares directly held

Analysis & Significance

This transaction carries Low trading significance as it represents a non-discretionary tax withholding (Code F) rather than an open-market sale. Such transactions are standard administrative events related to equity vesting schedules and do not reflect management's discretionary sentiment on the company's valuation or prospects. Steven Barnard continues to maintain a substantial direct equity holding of 40,927 shares.