Eli Lilly EVP Custer acquires 3,220 shares

The EVP & President, Card Met Hlth reported a restricted stock unit position of 0 following the exercise.

Available on EDGAR 11/03/2026 - 04:13 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:12 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Eli Lilly & Co. EVP & President, Card Met Hlth Kenneth L. Custer exercised 3,220 restricted stock units on November 1, 2026, and acquired 3,220 shares of common stock. On the same date, 1,425 shares were delivered or withheld for payment of exercise price or tax liability, at a reported price of $1,417.54 per share. The reported restricted stock unit position following the exercise was 0.

Insider Trade Summary

3,220 shares exercised/converted

Exercise 3 txns

Insider Custer Kenneth L.

Role EVP & President, Card Met Hlth

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F1	3,220	$0.00	$0.00
Exercise	Common Stock	3,220	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,425.447	$1,417.54	$2.02M

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 11,935.097 shares (Direct)

Holdings Before and After: Restricted Stock Unit, 3,220 to 0 contracts (Direct); Common Stock, 10,140.544 to 11,935.097 shares (Direct)

Footnotes (1)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Eli Lilly and Company common stock.

Key Figures

Restricted stock units exercised: 3,220 units Common shares acquired: 3,220 shares Shares delivered or withheld: 1,425 shares +2 more

5 metrics

Restricted stock units exercised 3,220 units November 1, 2026

Common shares acquired 3,220 shares November 1, 2026

Shares delivered or withheld 1,425 shares For payment of exercise price or tax liability on November 1, 2026

Reported transaction price per share $1,417.54 per share November 1, 2026

Restricted stock units following transaction 0 units Following the November 1, 2026 exercise

Key Terms

restricted stock unit, contingent right, derivative security, exercise price

4 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

contingent right technical

"a contingent right to receive one share"

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

exercise price financial

"payment of exercise price or tax liability"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

How many LLY shares did Kenneth L. Custer acquire?

Kenneth L. Custer acquired 3,220 shares of Eli Lilly & Co. common stock on November 1, 2026, upon exercising 3,220 restricted stock units. Each restricted stock unit represents a contingent right to receive one common share.

How many LLY shares were delivered or withheld for exercise costs or taxes?

1,425 shares were delivered or withheld for payment of exercise price or tax liability on November 1, 2026, at a reported price of $1,417.54 per share.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Custer Kenneth L.

(Last) (First) (Middle)

LILLY CORPORATE CENTER

(Street)

INDIANAPOLIS INDIANA 46285

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ELI LILLY & Co [ LLY ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & President, Card Met Hlth

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

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	11/01/2026		M		3,220	A	$0	13,360.544	D
Common Stock	11/01/2026		F		1,425.447	D	$1,417.54	11,935.097	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
Restricted Stock Unit	(1)	11/01/2026		M			3,220	11/01/2026	11/01/2026	Common Stock	3,220	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Eli Lilly and Company common stock.

Remarks:

	/s/ Jonathan Groff for Kenneth Custer, pursuant to authorization on file	11/03/2026
	** 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)