Amundi discloses 5.65% beneficial stake in Sanofi

Amundi and its subsidiary Amundi Asset Management report beneficial ownership of 68,651,904 Sanofi common shares, representing 5.65% of the class.

Rhea-AI Filing Summary

Amundi and its subsidiary Amundi Asset Management report beneficial ownership of 68,651,904 Sanofi common shares, representing 5.65% of the class. They report no sole voting or dispositive power, but shared voting power over 36,655,093 shares and shared dispositive power over the full 68,651,904 shares.

Within this position, 28,906,920 shares are held through a French employee investment vehicle (FCPE) dedicated to Sanofi employees. Voting rights for these FCPE shares are exercised by the FCPE’s supervisory board, where employee representatives hold the majority, and not by Amundi.

Key Figures

Beneficial ownership: 68,651,904 shares Ownership percentage: 5.65% Shared voting power: 36,655,093 shares +2 more

5 metrics

Beneficial ownership 68,651,904 shares Sanofi common stock beneficially owned by Amundi and Amundi Asset Management

Ownership percentage 5.65% Percent of Sanofi common stock class represented by Amundi’s beneficial ownership

Shared voting power 36,655,093 shares Sanofi shares over which Amundi reports shared power to vote or direct the vote

Shared dispositive power 68,651,904 shares Sanofi shares over which Amundi reports shared power to dispose or direct disposition

FCPE-held shares 28,906,920 shares Sanofi shares held via FCPE where voting rights are exercised by the FCPE supervisory board

Key Terms

beneficially owned, shared voting power, shared dispositive power, FCPE (Fonds Commun de Placement d'Enterprise), +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 68,651,904"

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.

shared voting power financial

"Shared Voting Power 36,655,093.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 68,651,904.00"

FCPE (Fonds Commun de Placement d'Enterprise) financial

"shares which are held through a FCPE (Fonds Commun de Placement d'Enterprise"

American Depositary Receipts financial

"Title of class of securities: Common Stock/American Depositary Receipts/Convertible Bonds"

A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.

FAQ

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

How many Sanofi (SNY) shares does Amundi report owning in this filing?

Amundi reports beneficial ownership of 68,651,904 Sanofi shares, representing 5.65% of the class. This entire amount is reported with shared dispositive power, while shared voting power applies to a subset of these shares.

What percentage of Sanofi (SNY) does Amundi’s position represent?

Amundi’s reported beneficial ownership represents 5.65% of Sanofi’s outstanding common stock. This percentage is tied to the 68,651,904 shares reported, combining positions managed across multiple Amundi group entities.

How much voting power over Sanofi (SNY) shares does Amundi report?

Amundi reports 0 shares with sole voting power and 36,655,093 shares with shared voting power. For the remaining portion, including FCPE-held shares, voting rights are not exercised by Amundi but by the FCPE supervisory board.

What is the role of the FCPE in Amundi’s Sanofi (SNY) holdings?

An FCPE holds 28,906,920 Sanofi shares dedicated to employee shareholding. Voting rights on these shares are exercised by the FCPE’s supervisory board with employee majority representation, so Amundi does not hold these voting rights.

Which Amundi entities are involved in managing Sanofi (SNY) shares?

The filing identifies Amundi and Amundi Asset Management as filers and lists subsidiaries such as Amundi Austria GmbH, Amundi Deutschland GmbH, Amundi Japan Ltd., and others that are associated with acquiring or managing the reported Sanofi securities.

Does Amundi have sole dispositive power over any Sanofi (SNY) shares?

No. Amundi reports 0 shares with sole dispositive power and 68,651,904 shares with shared dispositive power. All reported dispositive authority over Sanofi shares is therefore held on a shared basis within the Amundi group.

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

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Available on EDGAR 07/22/2026 - 09:50 AM Accepted by SEC EDGAR 07/22/2026 - 09:50 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

SANOFI

(Name of Issuer)

Common Stock/American Depositary Receipts/Convertible Bonds

(Title of Class of Securities)

80105N105

(CUSIP Number)

06/30/2026

(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): 80105N105

1

Names of Reporting Persons

AMUNDI

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

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 36,655,093.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 68,651,904.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

68,651,904.00

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)

5.65 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: Amundi does not have voting rights on 28.906.920 shares which are held through a FCPE (Fonds Commun de Placement d'Enterprise, an investment vehicle established under French law), solely dedicated to Sanofi group's employees shareholding. Employees of Sanofi are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of Sanofi. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any remaining seats of the supervisory board are designated by Sanofi), and not by Amundi.

SCHEDULE 13G

CUSIP Number(s): 80105N105

1

Names of Reporting Persons

AMUNDI ASSET MANAGEMENT

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

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 36,655,093.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 68,651,904.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

68,651,904.00

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)

5.65 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: Amundi does not have voting rights on 28.906.920 shares which are held through a FCPE (Fonds Commun de Placement d'Enterprise, an investment vehicle established under French law), solely dedicated to Sanofi group's employees shareholding. Employees of Sanofi are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of Sanofi. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any remaining seats of the supervisory board are designated by Sanofi), and not by Amundi.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SANOFI
(b)	Address of issuer's principal executive offices: 46 avenue de la Grande Armee, 75017 Paris
Item 2.
(a)	Name of person filing: Amundi Amundi Asset Management
(b)	Address or principal business office or, if none, residence: Amundi: 91-93 boulevard Pasteur, 75015 Paris, France Amundi Asset Management: 91-93 boulevard Pasteur, 75015 Paris, France
(c)	Citizenship: Both Amundi and Amundi Asset Management are organized under the laws of the Republic of France.
(d)	Title of class of securities: Common Stock/American Depositary Receipts/Convertible Bonds
(e)	CUSIP No.: 80105N105
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: 68,651,904
(b)	Percent of class: 5.65%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 36,655,093
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 68,651,904
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Amundi Asset Management AMUNDI AUSTRIA GMBH Amundi Czech Republic Asset Management AS AMUNDI DEUTSCHLAND GMBH AMUNDI IRELAND LIMITED Amundi Japan Ltd. Amundi SGR S.p.A. Amundi Singapore CPR Asset Management KBI Global Investors Ltd SOCIETE GENERALE GESTION Sabadell Asset Management, S.A S.G.I.I.C
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

AMUNDI

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	07/22/2026

AMUNDI ASSET MANAGEMENT

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	07/22/2026