{
  "id": 3850508,
  "title": "Illumina director Keith Meister sells $85.2m in shares",
  "url": "https://urgent.news/2026/08/28/illumina-director-keith-meister-sells-85-2m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T00:05:07.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/illumina-director-keith-meister-sells-852m-in-shares-93CH-4880369"
  },
  "original_language": "en",
  "account": "In a recent development, Illumina's director Keith Meister sold shares worth $85.2 million spread over three days in late August 2026. The transactions took place between August 25 and August 27, with prices fluctuating between $224.72 and $231.23 per share. On August 25, Meister sold 130,019 shares; on August 26, he disposed of 106,543 shares; and on August 27, he sold 138,979 shares. Despite the sales, Illumina shares have shown an impressive 80% return over the past year, according to InvestingPro data. Illumina's shares are currently trading near their 52-week high, though they are believed to be undervalued based on Fair Value metrics. Mr. Meister controls the general partner of Corvex Management LP, which holds shares for certain private investment funds. Following these transactions, Meister indirectly holds 1,033,910 shares of Illumina common stock through the Corvex Funds. Illumina recently announced a $300 million note offering to refinance existing debt, which will be used to repay notes due in 2026. Analysts have adjusted their stock price targets following the company's recent second-quarter results, with some raising the price targets due to strong sequencer sales and performance exceeding expectations.",
  "summary": null,
  "key_points": [
    "Illumina director Keith Meister sold $85.2 million in shares over three days in late August 2026.",
    "Meister sold 130,019 shares on August 25, 106,543 on August 26, and 138,979 on August 27.",
    "Illumina shares have had an 80% return over the past year despite the sales."
  ],
  "editors_take": "The sale of $85.2 million in Illumina shares by director Keith Meister comes as the company's stock trades near its 52-week high and shows an 80% return over the past year.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}