Form 4: Illumina Director Keith Meister Reports Acquisition of Common Stock

Director Keith Meister reported acquiring 625 shares of Illumina common stock on March 28, 2025, and indirectly holds 3,829,508 shares through Corvex Funds.

Summary

• Keith Meister, a director of Illumina, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• On March 28, 2025, Meister acquired 625 shares of Illumina common stock at $0 per share.
• These shares were acquired through a grant of restricted stock units, which vest the day before the company's annual stockholder meeting, contingent on continued service as a director.
• Meister also indirectly holds 3,829,508 shares of common stock through Corvex Funds, where Corvex Management LP acts as the investment advisor.
• The general partner of Corvex is controlled by Meister.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership changes by a director. The acquisition of shares could be seen as a slightly positive signal, but it's not a major event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Future Outlook

The restricted stock units vest the day prior to the annual meeting of the company's stockholders in the year of the award, provided the awardee continues to serve as a director on such date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in Keith Meister's holdings of Illumina stock.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates

Keywords

Illumina, Keith Meister, Form 4, Beneficial Ownership, Director, Corvex Funds, Restricted Stock Units, ILMN