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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
File No. 3-22309
In the Matter of
Elanco Animal Health Inc.,
Respondent.
PLAN NOTICE OF ELANCO ANIMAL HEALTH FAIR FUND
TO: Individuals and entities, or their lawful successors, who purchased or acquired Elanco
Animal Health Inc. common stock registered with the Commission and traded under the
symbol ELAN (the “Security”) during the period of May 9, 2019, through May 6, 2020, inclusive
(“Relevant Period”).
If you fall within the group above, you must submit a completed Claim Form with the necessary
documentation on or before the deadline to be considered for eligibility to receive a Distribution
Payment from the Elanco Animal Health Fair Fund. If you send the Claim Form by U.S. Mail,
it must be postmarked by SEPTEMBER 14, 2026 (the “Claims Bar Date”). If you submit
the Claim Form online, it must be received by SEPTEMBER 14, 2026.
I. Purpose of this Plan Notice
The purpose of this Plan Notice is to inform you that you may be eligible to share in the proceeds of the Elanco
Animal Health Fair Fund described herein. To be potentially eligible to share in the Elanco Animal Health Fair Fund,
you must file a Claim Form in accordance with the steps set forth in this Plan Notice and in the Plan of Distribution
(the “Plan”) approved by the Securities and Exchange Commission (“SEC” or “Commission”). Claim Forms, together
with this Plan Notice, are being mailed to all known Preliminary Claimants1 who are identified as Preliminary
Claimants by the Commission-appointed Fund Administrator (“Fund Administrator”), Epiq Class Action & Claims
Solutions, Inc. (“Epiq”).2 Copies of the Plan, this Plan Notice, and the Claim Form are available on the Elanco
Animal Health Fair Fund website at www.ElancoAnimalHealthFairFund.com and through the Commission’s website
at https://www.sec.gov/enforcement-litigation/distributions-harmed-investors/elanco. Certain persons are excluded
from eligibility under the Plan; these exclusions are summarized in Section III below.
Please Note: Receipt of this Plan Notice does not mean you are a Preliminary Claimant as that term is defined in
the Plan.
SPECIAL NOTICE TO SECURITIES BROKERS AND OTHER NOMINEE PURCHASERS: If you
purchased or acquired shares of the Security during the Relevant Period as a nominee for a beneficial owner, then
within fourteen (14) days after you receive this Plan Notice, you must either: (a) send a copy of this Plan Notice and
the accompanying Claim Form by First-Class Mail to all such beneficial owners; or (b) provide a list of the names
and addresses of such beneficial owners to the Fund Administrator listed in Part VI of this Plan Notice.
PLEASE READ THIS PLAN NOTICE CAREFULLY AND IN ITS ENTIRETY. IF YOU SATISFY
THE ELIGIBILITY CRITERIA DESCRIBED BELOW, YOU MAY BE ELIGIBLE TO RECEIVE A
DISTRIBUTION PAYMENT FROM THE ELANCO ANIMAL HEALTH FAIR FUND. THIS PLAN
NOTICE CONTAINS IMPORTANT INFORMATION REGARDING YOUR POSSIBLE ELIGIBILITY TO
SHARE IN THE ELANCO ANIMAL HEALTH FAIR FUND.
1
Capitalized terms not defined here are defined in the Plan.
2
On March 2, 2026, the Commission appointed Epiq Class Action & Claims Solutions, Inc. (“Epiq”), as the Fund Administrator.
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II. Background
On November 12, 2024, the Commission issued an Order Instituting Cease-and-Desist Proceedings Pursuant to
Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings,
and Imposing a Cease-and-Desist Order (the “Order”)3 against Elanco Animal Health Inc. (“Elanco”). In the Order,
the Commission found that Elanco violated Securities Act Sections 17(a)(2) and (3) and Exchange Act Section
13(a) and Rules 12b-20, 13a-1, 13a-11, 13a-13, and 13a-15(a) thereunder. The Commission ordered Elanco to pay a
$15,000,000.00 civil money penalty. The Commission also created a Fair Fund, pursuant to Section 308(a) of the
Sarbanes-Oxley Act of 2002, to allow the penalty collected to be distributed to harmed investors (the “Fair Fund”).
The Fair Fund consists of the $15,000,000.00 collected from Elanco. On May 1, 2026, the Commission approved the
Plan of Distribution.4
III. Eligibility Criteria and the Distribution Methodology
To qualify for a payment from the Elanco Animal Health Fair Fund, you must satisfy certain eligibility criteria that are
described in detail in the Plan. The Plan is available on the Fair Fund website at www.ElancoAnimalHealthFairFund.com
and on the Commission’s public website at https://www.sec.gov/enforcement-litigation/distributions-harmed-investors/elanco.
You can also request a copy of the Plan by calling the Fund Administrator at 1-877-239-1876 or by emailing
[email protected]. The eligibility criteria include the following:
• You must have purchased the Security during the Relevant Period.
• Your approved transactions must calculate to a Recognized Loss as calculated according to the Plan of Allocation
attached to the Plan as Exhibit A, and your Distribution Payment must equal or exceed $20.00.
You are excluded from participation in the Elanco Animal Health Fair Fund if you are an Excluded Party as
defined in the Plan, including the following:
• The Respondent (“Elanco Animal Health Inc.”).
• Present or former officers or directors of the Respondent or any assigns, creditors, heirs, distributees, spouses,
parents, dependent children or controlled entities of any of the foregoing Persons or entities.
• Any employee or former employee of the Respondent or any of its affiliates who has been terminated for
cause or has otherwise resigned, in connection with the conduct described in the Order.
• Any Person who, as of the Claims Bar Date, has been the subject of criminal charges related to the conduct
described in the Order or any related Commission action.
• Any firm, trust, corporation, officer, or other entity in which the Respondent has or had a controlling interest.
• The Fund Administrator, its employees, and those Persons assisting the Fund Administrator in its role as the
Fund Administrator.
• Any purchaser or assignee of another Person’s right to obtain a recovery from the Fair Fund for value;
provided, however, that this provision shall not be construed to exclude those Persons who obtained such a
right by gift, inheritance or devise.
The Recognized Loss incurred by a Preliminary Claimant shall be determined as set forth in the Plan. The
methodology used to determine eligibility and calculate Distribution Payments is set forth in the Plan of
Allocation attached to the Plan as Exhibit A.
IV. Claim Forms
A CLAIM FORM IS BEING MAILED TOGETHER WITH THIS NOTICE TO ALL PRELIMINARY CLAIMANTS
KNOWN TO THE FUND ADMINISTRATOR. IF YOU DO NOT RECEIVE A CLAIM FORM IN THE MAIL OR
REQUIRE ADDITIONAL CLAIM FORMS, FOLLOW THE INSTRUCTIONS BELOW UNDER “ADDITIONAL
INFORMATION.”
3
Securities Act Rel. No. 11326 (Nov. 12, 2024).
4
Securities Exchange Act Rel. No. 105354 (May 1, 2026).
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CLAIM FORMS MAY BE SUBMITTED (I) BY U.S. MAIL TO THE PO BOX
BELOW, (II) THROUGH THE ONLINE CLAIMS PORTAL, OR (III) VIA EMAIL TO
[email protected].
MAILED SUBMISSIONS MUST BE POSTMARKED ON OR BEFORE SEPTEMBER 14, 2026.
ONLINE AND EMAIL SUBMISSIONS MUST BE RECEIVED BY 11:59 P.M. PACIFIC TIME ON
SEPTEMBER 14, 2026, ALSO REFERENCED HEREIN AS THE “CLAIMS BAR DATE.”
IF YOU FAIL TO SUBMIT A COMPLETED MAILED CLAIM FORM POSTMARKED ON OR
BEFORE SEPTEMBER 14, 2026, OR RECEIVED ONLINE ON OR BEFORE 11:59 P.M. PACIFIC
TIME ON SEPTEMBER 14, 2026, YOU WILL BE BARRED FROM RECEIVING A PAYMENT FROM
THE ELANCO ANIMAL HEALTH FAIR FUND. THE CLAIM FORM MUST BE ACCOMPANIED BY
APPROPRIATE SUPPORTING DOCUMENTS FOR EACH TRANSACTION LISTED IN PART III OF
THE CLAIM FORM.
V. Claim Determinations
The Fund Administrator will provide a Claim Status Notice within 60 days of the Claims Bar Date to each
Preliminary Claimant who has filed a deficient Claim Form with the Fund Administrator. The Claim Status Notice
will provide to each Preliminary Claimant whose claim is deficient, in whole or in part, the reason(s) for the deficiency
(e.g., failure to provide required information or documentation). In the event the claim is denied, in whole or in
part, the Claim Status Notice will state the reason(s) for such denial. The Claim Status Notice will also notify the
Preliminary Claimant of the opportunity to cure any deficiency, request reconsideration, or dispute the determination
made by the Fund Administrator and provide instructions regarding what is required to do so.
Within 150 days of the Claims Bar Date, the Fund Administrator will complete all claims determinations and send
a Determination Notice to all Preliminary Claimants who timely submitted a Claim Form notifying the Preliminary
Claimant of its eligibility determination. The Determination Notice will further provide to each Preliminary Claimant
that is determined to be a Preliminary Claimant his, her, or its calculated Recognized Loss. The Determination
Notice will constitute the Fund Administrator’s final ruling regarding the eligibility status of the claim.
The Fund Administrator may consider disputes of a Preliminary Claimant’s Recognized Loss calculation if presented
in writing to the Fund Administrator within 30 days of the date of the Determination Notice. Within 30 days of
receiving a Preliminary Claimant’s dispute, the Fund Administrator will notify the Preliminary Claimant, in writing,
of its calculation of the Preliminary Claimant’s Recognized Loss after considering the dispute. This notice will
constitute the Fund Administrator’s final ruling regarding the loss calculations for the claim.
Instructions for Submitting a Claim Form
Claim Forms may be submitted (i) by U.S. Mail, (ii) by electronic submission through the online claims portal, or
(iii) via email, as set forth below.
U.S. Mail:
Claim Forms submitted by U.S. Mail must be postmarked on or before September 14, 2026 (the “Claims Bar Date”).
Claim Forms should be mailed to:
Elanco Animal Health Inc. Fair Fund
Fund Administrator
PO Box 2228
Portland, OR 97208-2228
A Claim Form that is not postmarked on or before the Claims Bar Date shall be deemed untimely and shall bar the
claimant from receiving a distribution from the Elanco Animal Health Fair Fund.
Online Submission:
Claim Forms may be submitted online through the claims portal located at www.ElancoAnimalHealthFairFund.com. Online
submissions must be received no later than 11:59 p.m. Pacific Time on September 14, 2026.
Email Submission:
Claim Forms may also be submitted via email to [email protected]. Email submissions must
be received no later than 11:59 p.m. Pacific Time on September 14, 2026.
Online and email submissions must include all required supporting documentation for each transaction listed in Part
III of the Claim Form.
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IMPORTANT: A Claim Form that is submitted online or by email that is not received on or before the Claims Bar
Date shall be deemed untimely and shall bar the claimant from receiving a distribution from the Elanco Animal
Health Fair Fund.
VI. Additional Information
Additional information regarding the Elanco Animal Health Fair Fund may be found at ElancoAnimalHealthFairFund.
com. Additional Claim Forms and Plan Notices may also be downloaded at the Elanco Animal Health Inc. Fair Fund’s
website. You may obtain additional information or request copies of Claim Form and Plan Notice by calling the Elanco
Animal Health Fair Fund’s toll-free number at 1-877-239-1876, or by emailing [email protected].
PLEASE CHECK THE WEBSITE WWW.ELANCOANIMALHEALTHFAIRFUND.COM
FREQUENTLY FOR UPDATES.
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