Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063669
Chunk: 19

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 19
---
36-4406953 |
| PLAN NUMBER: |        005 |

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

As of December 31, 2024

| (a) |     | (b) IDENTITY OF ISSUE,                 
 BORROWER, LESSOR OR                    
 SIMILAR PARTY                          |     | (c) DESCRIPTION OF           
 INVESTMENT INCLUDING         
 MATURITY DATE, RATE OF       
 INTEREST, COLLATERAL,        
 PAR OR MATURITY VALUE        |     | (d) COST |     |     | (e) CURRENT 
 YEAR        |               |
|:----|:----|:---------------------------------------|:----|:-----------------------------|:----|:---------|:----|:----|:------------|--------------:|
| *   |     | Sanofi U.S. Group Savings Master Trust |     | Master Trust                 |     |          | **  |     | $           | 8,428,400,542 |
| *   |     | Participant Loans                      |     | Interest Rates 3.25% - 9.50% |     |          | -0- |     |             |    44,961,037 |

| *  | Indicates party-in-interest to the Plan                |
| ** | Cost not required for participant directed investments |

<div align='center'>18

Signatures</div>

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized.

| Sanofi U.S. Group Savings Plan |                                                              |
| By:                            | /s/ Stephen Burke                                            |
|                                | Stephen Burke, for the                                       
 Retirement Plan Administrative Committee, Plan Administrator |

Date: June 27, 2025

<div align='center'>19

EXHIBIT</div>

| Exhibit                                                  | Exhibit Number |
| Consent of Independent Registered Public Accounting Firm |           23.1 |