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Eli Lilly CEO David Ricks Reports Gift of 23,538 Common Shares
ELI LILLY & Co
$LLY4CIK: 0000059478
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Filing Summary
### Form 4 Filing: ELI LILLY & Co (LLY)
**Insider:** David A. Ricks (President, Chair, and CEO)
**Transaction Date:** November 3, 2026
**Filing Date:** November 4, 2026
**Transaction Overview:**
- **Type:** Gift (Code: G)
- **Shares Disposed:** 23,538 shares
- **Price per Share:** $0.00
- **Total Transaction Value:** $0.00
- **Direct Shares Retained:** 555,278.097 shares
- **Indirect Holdings:** ~129,994.54 shares (via GRATs, Trust, SLAT, and 401(k))
**Significance:** Low (Non-market bona fide charitable or estate gift)
Comprehensive Analysis
Executive Summary
On November 4, 2026, Eli Lilly & Co ($LLY) filed a Form 4 disclosing that David A. Ricks, President, Chair, and Chief Executive Officer, disposed of 23,538 shares of common stock on November 3, 2026, via a bona fide gift (Transaction Code G) at $0.00 per share.
Transaction Details
- Security: Common Stock
- Transaction Code: G (Gift)
- Shares Transacted: 23,538
- Price Per Share: $0.00
- Ownership Post-Transaction:
- Direct Ownership: 555,278.097 shares
- Indirect Ownership: 129,994.54 shares held across multiple vehicles:
- 4,574 shares via David A. Ricks 2025 GRAT
- 49,127 shares via David A. Ricks 2022 GRAT
- 300 shares via Trust
- 68,656 shares via David A. Ricks SLAT
- 7,337.54 shares via 401(k) plan
Analysis and Market Significance
- Significance: Low. The transaction represents a charitable donation or estate planning transfer rather than an open-market sale.
- Retention: Mr. Ricks retains substantial equity alignment with Eli Lilly, holding over 555,000 shares directly and an additional ~130,000 shares indirectly through trusts and retirement accounts.
- Footnote Context: Footnotes denote prior routine annuity distributions from the 2022 and 2025 GRAT structures back to the reporting person earlier in 2026, consistent with standard wealth transfer management.
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