Elanco officer Modi buys stock, gets DSU grant

Elanco Animal Health officer Rajeev A. Modi bought 4,911 shares of common stock in an open-market purchase at $20.35 per share, bringing his direct holdings to 160,812 shares.

Rhea-AI Filing Summary

Elanco Animal Health officer Rajeev A. Modi bought 4,911 shares of common stock in an open-market purchase at $20.35 per share, bringing his direct holdings to 160,812 shares. He also received a grant of 74.3671 deferred stock units, each tied to one share or its cash equivalent, which settle after employment ends or in a specified future year.

Insider Trade Summary

Net Buyer: 4,911 shares

Net Buy 2 txns

Insider Modi Rajeev A.

Role SEE REMARKS

Bought 4,911 shs ($100K)

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	74.3671	$19.86	$1K
Purchase	Common Stock	4,911	$20.35	$100K

Holdings After Transaction: Deferred Stock Units — 9,339.9884 contracts (Direct); Common Stock — 160,812 shares (Direct)

Footnotes (2)

1. F1. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.
2. F2. Deferred stock units settle in cash or shares of Company common stock following termination of employment or during a specified future year in accordance with Executive Deferral and Stock Match Plan.

Key Figures

Open-market purchase: 4,911 shares Purchase price: $20.35 per share Shares held after trade: 160,812 shares +3 more

6 metrics

Open-market purchase 4,911 shares Common stock bought at $20.35 on May 15, 2026

Purchase price $20.35 per share Open-market common stock transaction

Shares held after trade 160,812 shares Direct common stock holdings after purchase

Deferred stock unit grant 74.3671 units Derivative award linked to common stock

Deferred units value basis $19.86 per unit Reference price for deferred stock units

Deferred units after grant 9,339.9884 units Total deferred stock units held

Key Terms

Deferred Stock Units, open-market purchase, Executive Deferral and Stock Match Plan, grant/award acquisition

4 terms

Deferred Stock Units financial

"The security title for the derivative transaction is "Deferred Stock Units"."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

open-market purchase financial

"The common stock transaction is described as an open-market purchase."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Executive Deferral and Stock Match Plan financial

"Deferred stock units settle in accordance with Executive Deferral and Stock Match Plan."

grant/award acquisition financial

"The deferred stock unit transaction action is classified as grant/award acquisition."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Elanco (ELAN) officer Rajeev A. Modi report?

Rajeev A. Modi reported buying 4,911 Elanco common shares in the open market and receiving 74.3671 deferred stock units. These transactions increased both his direct share ownership and his deferred equity-based compensation position.

How many Elanco (ELAN) shares does Rajeev A. Modi hold after the Form 4?

After the reported open-market purchase, Rajeev A. Modi directly holds 160,812 shares of Elanco common stock. This figure reflects his position following the 4,911-share acquisition disclosed in the Form 4 filing.

At what price did Rajeev A. Modi buy Elanco (ELAN) shares?

He purchased 4,911 Elanco common shares at an average price of $20.35 per share. This was an open-market transaction classified as a purchase in the Form 4 insider trading report.

What are the deferred stock units granted to Rajeev A. Modi at Elanco (ELAN)?

He received 74.3671 deferred stock units, each representing the right to one Elanco share or the cash equivalent. These units settle in cash or shares after employment ends or in a specified future year under the Executive Deferral and Stock Match Plan.

How many deferred stock units does Rajeev A. Modi hold after this Elanco (ELAN) grant?

Following the grant, Rajeev A. Modi holds 9,339.9884 deferred stock units. These units are a form of deferred compensation linked to Elanco common stock, settled later in cash or shares according to plan terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:39 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Modi Rajeev A.

(Last) (First) (Middle)

C/O ELANCO ANIMAL HEALTH INCORPORATED

450 ELANCO CIRCLE

(Street)

INDIANAPOLIS INDIANA 46221

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Elanco Animal Health Inc [ ELAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEE REMARKS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		P		4,911	A	$20.35	160,812	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	05/15/2026		A		74.3671		(2)	(2)	Common Stock	74.3671	$19.86	9,339.9884	D

Explanation of Responses:

1. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.

2. Deferred stock units settle in cash or shares of Company common stock following termination of employment or during a specified future year in accordance with Executive Deferral and Stock Match Plan.

Remarks:

Executive Vice President U.S. Pet Health and Global Digital Transformation

	/s/ Amy C. Seidel, as Attorney-in-Fact for Rajeev A. Modi	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)