Director Keith Meister Sells Over $110 Million in Illumina Stock Near 52-Week High
ILMN has more than doubled off its 52-week low of $78.79.
Summary
Illumina Director Keith Meister sold over $110 million worth of company stock, continuing a trend of significant insider distribution while the shares trade near their 52-week high.
Key Events · Ownership and Investor Activity · ILMN
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Significant Insider Sale
Director Keith Meister, through affiliated funds, sold common stock valued at $107,042,630.86 in open market transactions (Code S) and disposed of an additional $3,841,496.80 related to an equity swap termination (Code J), totaling over $110 million in sales.
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Timing Near 52-Week Highs
The sales occurred between May 28 and June 1, 2026, with prices ranging from $147.50 to $165.50, coinciding with the stock trading near its 52-week high of $165.97.
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Continuation of Distribution Pattern
This filing follows previous large sales by Director Meister, including an $84.8 million sale on May 14, 2026, and a planned $63.5 million sale via a Form 144 on May 29, 2026, indicating an ongoing and substantial reduction in his holdings.
Analysis · ILMN · Industrial Applications And Services
Director Keith Meister, through affiliated funds, executed a substantial sale of Illumina shares totaling over $110 million. This significant disposition, occurring while the stock trades near its 52-week high, represents a continuation of a pattern of large insider sales from this director. Such a large-scale divestment by a key board member can signal a lack of conviction in the company's near-term growth prospects or a strategic reduction of exposure at elevated valuations.
At the time of this filing, ILMN was trading at $164.40 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $24.9B. The 52-week trading range was $78.79 to $165.97. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.