Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063672
Chunk: 4

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 4
---
CTIONS FROM NET ASSETS ATTRIBUTED TO                          |     |      |            |     |      |            |   |
| Distributions                                                     |     |      |  3,219,887 |     |      |  3,492,727 |   |
| Fees and administrative expenses                                  |     |      |     41,295 |     |      |     43,065 |   |
| Total deductions                                                  |     |      |  3,261,182 |     |      |  3,535,792 |   |
| Increase in net assets available for benefits                     |     |      |    677,353 |     |      |  1,456,972 |   |
| NET ASSETS AVAILABLE FOR BENEFITS                                 |     |      |            |     |      |            |   |
| Beginning of year                                                 |     |      | 29,996,708 |     |      | 28,539,736 |   |
| End of year                                                       |     |      | 30,674,061 |     | $    | 29,996,708 |   |

<div align='center'>The accompanying notes are an integral part of
these financial statements.

5</div>

Sanofi Puerto Rico Group Savings Plan

Notes to the Financial Statements

December 31, 2024 and 2023

| 1. | Description of the Plan |

The following description of the Sanofi
Puerto Rico Group Savings Plan (the “Plan”), provides only general information. Participants should refer to the Plan document
for a more complete description of the Plan’s provisions.

Plan Description – The Plan is a defined contribution plan that covers substantially all the employees of Sanofi Puerto Rico
Inc. as they meet the prescribed eligibility requirements. All employees are eligible to participate in the Plan beginning on the first
day of employment. Effective October 1, 2012, Sanofi Puerto Rico Inc. (the “Company”) assumed the sponsorship and
all related obligations and responsibilities of the Plan, transferred from predecessor plan sponsor Sanofi U.S. LLC. The Plan is
subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Master Trust – Effective April 1, 2012, Sanofi U.S. LLC, Sanofi Pasteur Inc., Sanofi-Aventis Puerto Rico Inc. and T. Rowe Price
Trust Company entered into an amended and restated Master Trust Agreement, and the