Illumina sold 1,000,000 GRAL shares (22.2% of holdings) for $79.8M on 2025-11-17; retains 3.50M shares at $3.2B market cap.
Illumina, a major 10% shareholder in GRAL, executed a substantial sale of 1,000,000 shares representing 22.2% of its pre-transaction holdings for $79,850,000. The timing occurs amid rapid 90-day appreciation (+153.2%) and at a price ($79.85) approaching the 52-week high ($91.93), though GRAL remains an unprofitable company with net income of $-88,977,000 over its most recent full fiscal year. The sale maintains Illumina's continued 10% ownership position through its 3,502,126 remaining shares, signaling neither a complete exit nor a fundamental confidence loss, but rather a reduction in exposure during a period of significant valuation expansion. This partial liquidation warrants monitoring given GRAL's negative profitability, rapid revenue growth of 34.9% annually, and the recent steep share-price surge relative to operational fundamentals.