Form 4: Illumina SVP Disposes of Shares for Tax Obligations

Illumina's Senior Vice President and Chief Commercial Officer, Everett Cunningham, reported the disposition of 4,248 shares of common stock at $97.15 per share to satisfy tax withholding obligations.

Summary

• Everett Cunningham, the Senior Vice President and Chief Commercial Officer of Illumina, Inc. (ILMN), reported a transaction on July 5, 2025.
• The transaction involved the disposition of 4,248 shares of Illumina Common Stock.
• The shares were disposed of at a price of $97.15 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Everett Cunningham beneficially owns a total of 46,592 shares of Illumina Common Stock, comprising 41,942 shares held directly and 4,650 shares held indirectly through a Beneficiary IRA, an IRA, a Revocable Trust, and a Spouse IRA.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common and expected event for executives receiving equity compensation. It does not reflect a discretionary sale or a change in the insider's view of the company's prospects, thus indicating a neutral sentiment.

Positives

• The transaction is a routine disposition for tax withholding purposes, indicating a standard compensation practice rather than a discretionary sale based on market outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding insider holdings and transactions, confirming a routine tax-related disposition.
• Employees, Customers, Suppliers, Creditors: Minimal direct impact from this specific transaction.

Key Dates

Keywords

Illumina, ILMN, Everett Cunningham, Form 4, Insider Transaction, Share Disposition, Tax Withholding, Common Stock, SEC Filing