Scott B. Ullem - Jun 28, 2024 Form 4 Insider Report for ILLUMINA, INC. (ILMN)

Role: Director
Signature: By: Robert Maynes for Scott B. Ullem
Stock symbol: ILMN
Transactions as of: Jun 28, 2024
Transactions value $: $22,479
Form type: 4
Date filed: 7/1/2024, 04:13 PM
Previous filing: Jun 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ILMN	Common Stock	Award	$22.5K	+205	+4.72%	$109.65	4.55K	Jun 28, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Ullem elected to receive 100% of his 2024 board and committee cash retainer fees in Illumina stock. The number of shares issued in lieu of cash is based on the quotient of (i) the cash compensation otherwise payable for the immediately completed quarter divided by (ii) the volume weighted average closing price per share during the immediately completed quarter, calculated by reference to each trading day during such quarter. The amount reported on this Form represents Mr. Ullem's 2nd quarter 2024 retainer fees.
F2	In connection with Illumina's spin out of Grail, Inc., which was completed on June 24, 2024, all unvested equity award units were adjusted pursuant to Illumina's Amended and Restated 2015 Stock and Incentive Plan. Mr. Ullem's unvested RSUs were increased by 53 units as a result of such adjustment.

Content

Mr. Ullem elected to receive 100% of his 2024 board and committee cash retainer fees in Illumina stock. The number of shares issued in lieu of cash is based on the quotient of (i) the cash compensation otherwise payable for the immediately completed quarter divided by (ii) the volume weighted average closing price per share during the immediately completed quarter, calculated by reference to each trading day during such quarter. The amount reported on this Form represents Mr. Ullem's 2nd quarter 2024 retainer fees.

In connection with Illumina's spin out of Grail, Inc., which was completed on June 24, 2024, all unvested equity award units were adjusted pursuant to Illumina's Amended and Restated 2015 Stock and Incentive Plan. Mr. Ullem's unvested RSUs were increased by 53 units as a result of such adjustment.