Summary by Moomoo AI
LILLY ENDOWMENT INC, a major shareholder with over 10% stake in Eli Lilly and Co, is set to sell 215,000 shares of common stock on 08/22/2024. The shares, originally acquired as a gift from the J.K. Lilly Sr. Trust on 02/10/1948, have an aggregate market value of approximately $204.67 million. This planned transaction follows a series of sales over the past three months, where LILLY ENDOWMENT INC disposed of a total of 1,768,741 shares, amounting to gross proceeds of over $1.53 billion.