Summary by Futu AI
LILLY ENDOWMENT INC, a major stockholder with over 10% ownership in Eli Lilly and Co, has announced its intention to sell 215,000 shares of common stock. The sale is expected to occur on 06/20/2024, with an aggregate market value of approximately $191.66 million. The shares were originally acquired as a gift from the J.K. Lilly Sr. Trust on 02/10/1948. Over the past three months, LILLY ENDOWMENT INC has sold a total of 1,315,000 shares of Eli Lilly and Co, generating gross proceeds of over $1.09 billion. The upcoming sale represents a continuation of the Endowment's recent transaction activity in the company's stock.