Hakim Anat 4

What Happened

• Hakim Anat, EVP, General Counsel & Secretary of Eli Lilly (LLY), converted/exercised 6,700 restricted stock units (RSUs) on Feb 1, 2026. As part of the vesting/conversion, 2,953.395 shares were withheld to satisfy tax withholding obligations at a price of $1,037.15 per share, totaling $3,063,114. Net shares delivered to Anat were 3,746.605 (6,700 − 2,953.395). The filing shows the RSU conversion as derivative exercise (code M) and the withholding as a tax payment (code F).

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (appears timely).
• RSUs converted: 6,700 shares (exercise/conversion code M, $0 exercise price).
• Shares withheld for taxes: 2,953.395 shares at $1,037.15 each = $3,063,114 (code F).
• Net shares retained after withholding: 3,746.605 shares.
• Footnotes: F1 — Reporting person disclaims beneficial ownership except to extent of pecuniary interest; F2 — each restricted stock unit equals one share.
• Filing does not list total shares owned after the transaction in the provided summary.

Context

• This was a routine RSU vest/settlement with share withholding to cover taxes (a common non-market sale), not an open-market sale or independent purchase. The $3.06M figure reflects the value of shares withheld to meet tax obligations, not a discretionary sale indicating sentiment.