Director Keith Meister Sells $84.8M in Illumina Stock and Terminates Equity Swaps
ILMN sits 87% above its 52-week low of $77.5.
Summary
Illumina Director Keith Meister sold $84.8 million worth of stock, including open market sales and the termination of equity swaps, reducing his indirect stake.
Key Events · Ownership and Investor Activity · ILMN
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Director Sells Shares
Keith Meister, a director, sold 329,460 shares in open market transactions for a total of $47.9 million.
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Equity Swap Termination
Meister also partially terminated equity swaps, disposing of 255,378 notional shares for $36.9 million while acquiring them at a cost basis of $26.3 million, resulting in a net cash inflow of $10.7 million.
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Significant Reduction in Exposure
The combined transactions represent a substantial reduction in the director's indirect holdings, totaling approximately $84.8 million in dispositions.
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Timing Post-Earnings
These sales occurred shortly after Illumina reported robust first-quarter results and announced a new $1.5 billion share repurchase program.
Analysis · ILMN · Industrial Applications And Services
Keith Meister, a director at Illumina, significantly reduced his indirect holdings through open market sales totaling $47.9 million and the partial termination of equity swaps, which resulted in a net cash inflow of $10.7 million. This substantial reduction in exposure by a director, occurring shortly after positive Q1 earnings and during a company share repurchase program, could be interpreted as a lack of conviction despite recent positive developments.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.7% of the 1731 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ILMN was trading at $144.85 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $21.7B. The 52-week trading range was $77.50 to $155.53. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.