LGND Ligand Pharmaceuticals Incorporated

NASDAQ
$284.47

Ligand Pharmaceuticals Incorporated (LGND) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

Insider signal Bearish Selling ran elevated versus LGND's own trailing one-year pace, with 84% of sale value under a prearranged plan.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 4 sellers in the last 90 days
Insiders buying
0
0 transactions
Insiders selling
4
26 transactions
Purchases
$0
0 shares
Sales
$16.3M
55,924 shares
Net activity
-$16.3M
purchases less sales

How much of that selling was preplanned? 84% planned / 16% discretionary

10b5-1 plan sales $13.7M 24 transactions · 46,641 shares
Discretionary sales $2.6M 2 transactions · 9,283 shares

Largest single sale: $9.2M.

Where they traded

Buy Sell Dot area is proportional to transaction value.

No open-market insider purchase on record.

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
Reardon Andrew 5 fills CLO & Secretary Sell 10b5-1 5,000 $286.09 $1.4M 41,214 −10.8% of holding
Espinoza Octavio Chief Financial Officer Sell 10b5-1 31,641 $292.06 $9.2M 27,696 −53.3% of holding
Haas Jason Director Sell 7,138 $292.81 $2.1M 3,981 −64.2% of holding
Reardon Andrew 10 fills CLO & Secretary Sell 10b5-1 5,000 $288.99 $1.4M 46,409 −9.7% of holding
Reardon Andrew 8 fills CLO & Secretary Sell 10b5-1 5,000 $313.28 $1.6M 46,118 −9.8% of holding
Sabba Stephen L Director Sell 2,145 $254.00 $544.8K 33,629 −6% of holding

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.