Eli Lilly: Lilly Endowment reports 9.6% stake

The reported 9.6% interest was calculated against 941,357,065 Eli Lilly shares outstanding as of August 3, 2026.

Rhea-AI Filing Summary

Eli Lilly and Company (LLY) reporting person Lilly Endowment, Inc. reported beneficial ownership of 90,066,978 common shares, or 9.6%, as of September 30, 2026. Lilly Endowment reported sole voting power and sole dispositive power over all 90,066,978 shares, with no shared voting or dispositive power.

The percentage is based on 941,357,065 Eli Lilly shares outstanding as of August 3, 2026. None of Lilly Endowment’s shares were deemed beneficially owned through a right to acquire shares.

Key Figures

Shares beneficially owned: 90,066,978 shares Percent of class: 9.6% Sole voting power: 90,066,978 shares +4 more

7 metrics

Shares beneficially owned 90,066,978 shares As of September 30, 2026

Percent of class 9.6% As of September 30, 2026

Sole voting power 90,066,978 shares As of September 30, 2026

Shared voting power 0 shares As of September 30, 2026

Sole dispositive power 90,066,978 shares As of September 30, 2026

Shared dispositive power 0 shares As of September 30, 2026

Shares outstanding 941,357,065 shares As of August 3, 2026; basis for the reported percentage of class

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power

3 terms

beneficially owned regulatory

"Amount beneficially owned: 90,066,978 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Sole Voting Power 90,066,978.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"Sole Dispositive Power 90,066,978.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

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

How many LLY shares does Lilly Endowment beneficially own?

Lilly Endowment, Inc. reported beneficial ownership of 90,066,978 Eli Lilly common shares as of September 30, 2026. It reported sole voting and dispositive power over those shares.

What percentage of LLY does Lilly Endowment own?

Lilly Endowment reported beneficial ownership equal to 9.6% of Eli Lilly’s common stock. The percentage is based on 941,357,065 shares outstanding as of August 3, 2026.

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

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Available on EDGAR 10/19/2026 - 03:09 PM EDT Accepted by SEC EDGAR 10/19/2026 - 03:09 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 47)

ELI LILLY AND COMPANY

(Name of Issuer)

Common Stock, Without Par Value

(Title of Class of Securities)

532457108

(CUSIP Number)

09/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 532457108

1

Names of Reporting Persons

LILLY ENDOWMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

INDIANA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 90,066,978.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 90,066,978.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

90,066,978.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percentage of class represented is based on 941,357,065 shares of common stock outstanding as of August 3, 2026 (the most recent date for which such information is publicly available), as reported in the Issuer's Form 10-Q for the period ended June 30, 2026. This information is provided as of September 30, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ELI LILLY AND COMPANY
(b)	Address of issuer's principal executive offices: LILLY CORPORATE CTR, DROP CODE 1094, INDIANAPOLIS, IN, 46285.
Item 2.
(a)	Name of person filing: This statement is filed by Lilly Endowment, Inc., a not for profit corporation organized under the laws of the State of Indiana. Lilly Endowment, Inc. is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the Code), and is a private foundation under Section 509(a) of the Code.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of Lilly Endowment, Inc. is 2801 North Meridian Street, Indianapolis, IN 46208.
(c)	Citizenship: Indiana
(d)	Title of class of securities: Common Stock, Without Par Value
(e)	CUSIP No.: 532457108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 90,066,978 shares as of September 30, 2026 - None of such shares are deemed to be beneficially owned by reason of the possession of Lilly Endowment, Inc. of a right to acquire such shares.
(b)	Percent of class: 9.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 90,066,978 shares
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 90,066,978 shares
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LILLY ENDOWMENT, INC.

Signature:	Diane M. Stenson
Name/Title:	Vice President and Treasurer
Date:	10/19/2026