Illumina Director Keith Meister (Corvex) Sells $57.2M in Common Stock
ILLUMINA, INC.
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Filing Summary
Insider Sale Alert: ILLUMINA, INC. ($ILMN) • Insider: Keith A. Meister (Director) • Type: Open Market Sale (Indirect via Corvex Funds) • Shares Sold: 263,560 • Average Price: ~$217.03 (Range: $212.42 - $221.66) • Total Value: $57,199,200.67 • Shares Remaining: 770,350 indirect / 6,780 direct • Filing Date: 2026-09-04
Comprehensive Analysis
Insider Trading Summary
Illumina, Inc. ($ILMN) Director Keith A. Meister, founder and Chief Investment Officer of Corvex Management LP, reported open-market sales totaling 263,560 shares of common stock across three trading days (September 2–4, 2026).
Transaction Breakdown
- September 2, 2026: Sold 68,108 shares at weighted average prices between $213.20 and $213.73.
- September 3, 2026: Sold 75,950 shares at weighted average prices ranging from $215.20 to $221.55.
- September 4, 2026: Sold 119,501 shares at weighted average prices ranging from $217.28 to $219.18.
- Total Gross Proceeds: $57,199,200.67 at a volume-weighted average price of ~$217.03.
Post-Transaction Holdings
- Indirect Holdings (Corvex Funds): 770,350 shares remaining.
- Direct Holdings: 6,780 shares.
- Significance: High. This represents a multi-day divestment of over $57 million by an activist director, reducing Corvex's indirect stake in Illumina by approximately 25.5%.
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