Form 4: Illumina Director Caroline Dorsa Reports Stock Disposal to Cover Tax Obligations

Director Caroline Dorsa disposed of 1,070 shares of Illumina stock on May 16, 2025, to cover tax obligations related to vested restricted stock units.

Summary

• On May 16, 2025, Caroline Dorsa, a director of Illumina, Inc., disposed of 1,070 shares of common stock to satisfy tax obligations.
• The transaction was executed at a price of $83.62 per share.
• Following the transaction, Ms. Dorsa directly owns 11,414 shares of Illumina common stock.
• An adjustment of 53 units was made to Ms. Dorsa's unvested RSUs in connection with Illumina's spin out of Grail, Inc. which was completed on June 24, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations. The Grail spin-out adjustment is a one-time event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal by a director to cover tax obligations.

Key Dates

Keywords

Illumina, Director, Caroline Dorsa, Stock Disposal, Form 4, Tax Obligations, Share Transaction, Equity Award Adjustment, Grail Spin-out