Ligand Pharmaceuticals Incorporated

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First SEC filing: May 1, 2026 · Latest: May 1, 2026

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Insider at Companies where this person is a reporting insider.
Insider transactions Every share this person bought or sold, from Form 4 filings.
Derivatives Options and other derivative holdings reported by this person.
Initial holdings The stakes this person held when they first started reporting.

Insider at

LGND selling Aug. 26, 2020

Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 17 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

17 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Dec. 17, 2025	LGND	A	None	—	—	— Direct	—	Acquired	(price as of 2026-08-21)
Dec. 17, 2025	LGND	D	None	—	—	0 Direct	—	Disposed	(price as of 2026-08-21)
Nov. 6, 2025	LGND	A	None	$9000000.00	—	— Direct	—	Acquired	-100.0% (price as of 2026-08-21)
July 1, 2025	LGND	J	31,279	—	—	34,279 Direct	+1042.63%	Acquired	(price as of 2026-08-21)
July 1, 2025	LGND	C	15,000	—	—	3,000 Direct	-83.33%	Disposed	(price as of 2026-08-21)
July 1, 2025	LGND	C	1,500,000	$10.00	$15,000,000	1,500,000 Direct	—	Acquired	2793.5% (price as of 2026-08-21)
Nov. 1, 2022	LGND	J	16,859,308	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-21)
Aug. 26, 2020	LGND	S	148,700	$8.11	$1,205,957	5,819,383 Direct	-2.49%	Disposed	5619.1% (price as of 2026-08-21)
Aug. 26, 2020	LGND	S	94,488	$8.11	$766,298	5,819,383 Direct	-1.60%	Disposed	5619.1% (price as of 2026-08-21)
Aug. 25, 2020	LGND	S	70,000	$8.02	$561,400	5,968,083 Direct	-1.16%	Disposed	5683.3% (price as of 2026-08-21)
Sept. 25, 2018	LGND	S	262,881	$19.15	$5,034,171	6,038,083 Direct	-4.17%	Disposed	2322.0% (price as of 2026-08-21)
May 21, 2018	LGND	J	1,916,509	$1916509.00	$3,673,006,747,081	0 Direct	-100.00%	Disposed	-100.0% (price as of 2026-08-21)
July 13, 2017	LGND	J	38,630	$38630.00	$1,492,276,900	1,916,509 Direct	-1.98%	Disposed	-98.8% (price as of 2026-08-21)
April 13, 2016	LGND	J	150,000	$150000.00	$22,500,000,000	1,955,139 Direct	-7.13%	Disposed	-99.7% (price as of 2026-08-21)
April 13, 2016	LGND	C	960,000	—	—	1,520,000 Direct	+171.43%	Acquired	(price as of 2026-08-21)
April 13, 2016	LGND	C	600,000	$1.25	$750,000	2,105,139 Direct	-22.18%	Disposed	37005.6% (price as of 2026-08-21)
April 13, 2016	LGND	A	560,000	—	—	560,000 Direct	—	Acquired	(price as of 2026-08-21)
April 13, 2016	LGND	C	960,000	$1.25	$1,200,000	6,300,964 Direct	+17.97%	Acquired	37005.6% (price as of 2026-08-21)
April 13, 2016	LGND	A	560,000	—	—	5,340,964 Direct	+11.71%	Acquired	(price as of 2026-08-21)
May 28, 2015	LGND	J	228,105	—	—	4,780,964 Direct	+5.01%	Acquired	(price as of 2026-08-21)
Aug. 4, 2008	LGND	A	10,000	—	—	10,000 Direct	—	Acquired	(price as of 2026-08-21)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Dec. 17, 2025	LGND	Senior Secured Convertible Note	Common Stock	$29.73	Nov. 6, 2027	—	Acquired
Dec. 17, 2025	LGND	Senior Secured Convertible Note	Common Stock	$34.44	Nov. 6, 2027	—	Disposed
Nov. 6, 2025	LGND	Senior Secured Convertible Note	Common Stock	$34.44	—	—	Acquired
July 1, 2025	LGND	Series A Convertible Preferred Stock	Common Stock	—	—	31,279	Acquired
July 1, 2025	LGND	Series A Convertible Preferred Stock	Common Stock	—	—	15,000	Disposed
May 21, 2018	LGND	Convertible Note (convertible into Common Stock)	Common Stock	—	—	1,916,509	Disposed
July 13, 2017	LGND	Convertible Note (convertible into Common Stock)	Common Stock	—	—	38,630	Disposed
April 13, 2016	LGND	Convertible Note (convertible into Common Stock)	Common Stock (240,000)	—	—	150,000	Disposed
April 13, 2016	LGND	Warrant (right to buy)	Common Stock (960,000)	$1.50	April 13, 2021	960,000	Acquired
April 13, 2016	LGND	Convertible Note (convertible into Common Stock)	Common Stock (960,000)	—	—	600,000	Disposed
April 13, 2016	LGND	Warrant (right to buy)	Common Stock (560,000)	$1.50	April 13, 2021	560,000	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 5 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
July 3, 2025	LGND	Series A Convertible Preferred Stock→ Common Stock	—	Direct
Sept. 30, 2022	LGND	Common Stock	1,000	Direct
Oct. 9, 2020	LGND	Common Stock	27,034,437	Direct
May 7, 2015	LGND	Common Stock	4,552,859	Indirect
May 7, 2015	LGND	Convertible Note (convertible into common stock)→ Common Stock	—	Direct