ELI LILLY & Co — Director's Dealing 2023

May 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ELI LILLY & Co (LLY)
CIK: 0000059478
Period of Report: 2023-05-03

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-03	Common Stock	S	400	$415.715	Disposed	101866712	Direct
2023-05-03	Common Stock	S	2750	$417.126	Disposed	101863962	Direct
2023-05-03	Common Stock	S	3200	$418.548	Disposed	101860762	Direct
2023-05-03	Common Stock	S	6400	$419.77	Disposed	101854362	Direct
2023-05-03	Common Stock	S	9226	$420.604	Disposed	101845136	Direct
2023-05-03	Common Stock	S	19684	$421.65	Disposed	101825452	Direct
2023-05-03	Common Stock	S	19630	$422.662	Disposed	101805822	Direct
2023-05-03	Common Stock	S	12829	$423.685	Disposed	101792993	Direct
2023-05-03	Common Stock	S	6248	$424.424	Disposed	101786745	Direct
2023-05-03	Common Stock	S	4147	$425.77	Disposed	101782598	Direct
2023-05-03	Common Stock	S	1900	$426.506	Disposed	101780698	Direct
2023-05-03	Common Stock	S	6050	$427.841	Disposed	101774648	Direct
2023-05-03	Common Stock	S	14500	$428.692	Disposed	101760148	Direct
2023-05-03	Common Stock	S	17648	$429.72	Disposed	101742500	Direct
2023-05-03	Common Stock	S	30817	$430.725	Disposed	101711683	Direct
2023-05-03	Common Stock	S	13507	$431.856	Disposed	101698176	Direct
2023-05-03	Common Stock	S	7866	$432.728	Disposed	101690310	Direct
2023-05-03	Common Stock	S	1500	$433.561	Disposed	101688810	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $415.425 to $416.065, inclusive. The reporting person undertakes to provide to Eli Lilly & Company, any security holder of Eli Lilly & Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), and (18) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $416.67 to $417.595, inclusive.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $417.93 to $418.90, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $419.08 to $420.065, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $420.105 to $421.10, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $421.105 to $422.10, inclusive.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $422.11 to $423.10, inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $423.11 to $424.105, inclusive.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $424.115 to $425.06, inclusive.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $425.16 to $426.15, inclusive.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $426.16 to $426.86, inclusive.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $427.245 to $428.24, inclusive.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $428.245 to $429.23, inclusive.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $429.245 to $430.23, inclusive.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $430.25 to $431.2425, inclusive.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $431.25 to $432.24, inclusive.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $432.26 to $433.20, inclusive.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $433.29 to $434.00, inclusive.