Corvex Management Proposes $31.99M Sale of Illumina ($ILMN) Common Stock
ILLUMINA, INC.
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Filing Summary
Form 144 Proposed Sale Alert: ILLUMINA, INC. ($ILMN) • Seller: Corvex Management LP (Affiliate of Director Keith Meister) • Shares Proposed to Sell: 150,000 • Estimated Market Value: $31,987,500.00 • Approx. Price per Share: ~$213.25 • Broker: Goldman Sachs & Co. LLC • Historical Activity: Significant prior divestments exceeding $370M reported over the past 30 days.
Comprehensive Analysis
Executive Summary
On September 4, 2026, Corvex Management LP, an affiliate of Illumina Board Director Keith Meister, filed a Form 144 notice of proposed sale covering 150,000 shares of Illumina, Inc. (NASDAQ: ILMN) Common Stock. The estimated aggregate market value of the proposed transaction is $31,987,500.00 (~$213.25 per share), executed through Goldman Sachs & Co. LLC.
Transaction Breakdown
- Security: Common Stock, par value $0.01 per share
- Proposed Sale Volume: 150,000 shares (~0.10% of 151,000,000 shares outstanding)
- Aggregate Market Value: $31,987,500.00
- Approximate Sale Date: September 4, 2026
- Acquisition Origin: Shares were originally acquired via open-market cash purchases between October 25, 2023, and March 27, 2025.
Prior 3-Month Trading Activity
Corvex Management LP has engaged in extensive share dispositions in the month preceding this filing:
- 08/04/2026: 457,858 shares sold for $91,616,949.73
- 08/05/2026: 283,269 shares sold for $56,542,873.94
- 08/19/2026: 95,000 shares sold for $19,312,857.70
- 08/20/2026: 285,238 shares sold for $60,999,944.21
- 08/21/2026: 299,336 shares sold for $65,242,566.35
- 08/25/2026: 131,019 shares sold for $29,546,278.62
- 08/26/2026: 106,543 shares sold for $24,021,480.44
- 08/27/2026: 138,379 shares sold for $31,673,634.84
- 09/02/2026: 68,108 shares sold for $14,526,262.57
- 09/03/2026: 75,951 shares sold for $16,574,471.06
Total proceeds generated from past 3-month sales exceed $410 million.
Market Impact & Insider Context
Keith Meister, founder and managing partner of Corvex Management LP, has served on Illumina's Board of Directors following activist campaigns. The continuous liquidation program throughout August and early September 2026 signals a substantial position reduction by Corvex, representing a high-significance liquidity event that may exert near-term supply pressure on ILMN shares.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.