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SEC EDGAR · Forms 3/4/5Updated through Oct 30, 2026•57 filings

LGND

LIGAND PHARMACEUTICALS INC

Net sales of $16.1M over the last 3 months

4 sellers account for the net balance. There is no cluster of three distinct buyers within 30 days. We found no CEO/CFO purchases over 12 months.

How to read this signal

Only open-market P purchases and S sales count toward the signal. Vesting, options, taxes and gifts remain in the source data but do not trigger alerts. Rule 10b5-1 trades are shown as informational.

JSON example

3-month balance

−$16,069,022

0 buyers · 4 sellers

12-month purchases

$0.00

0 distinct insiders

12-month sales

$34,725,551

9 distinct insiders

Highlighted alerts

14

86 Rule 10b5-1 trades treated as informational

Buying cluster · 30 days

Fewer than three distinct buyers

CEO/CFO purchases · 12 months

No executive purchases found

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Form 4 raw → Raspberry

The value is in what we do not call a signal.

The SEC XML stores every transaction. Raspberry keeps that evidence, reads the footnotes and separates voluntary open-market activity from vesting, option exercises, gifts, tax withholding, stock purchase and dividend reinvestment plans and pre-programmed 10b5-1 trades.

100
Raw transactions
Everything returned by the filing
100
Voluntary view
P/S trades after deterministic checks
48
Administrative noise
Stored, never alerted
59
10b5-1
Shown as informational
SEC ownership XML facts
Code
M
Shares
340
Price
$52.27
Footnotes
7

The transactions reported on this Form 4 were made pursuant to a written trading plan adopted by the Reporting Person on June 4, 2026, in accordance with Rule 10b5-1. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $302.14 to $303.06. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $303.14 to $304.12. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $304.19 to $305.01. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $305.71 to $306.46. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $306.72 to $307.54. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The stock option vests and is exercisable as to 12.5% of the underlying shares on February 1, 2023, and in 42 substantially equal monthly installments thereafter.

Raspberry interpretation
Informational — no alert

Reason: administrative_code. The trade is reported under a Rule 10b5-1 plan.

Verify in SEC EDGAR

Recent transactions

Voluntary purchases and sales; administrative noise stays hidden.

100 transactions

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
17
Price
$307.74
Value
$5,232
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
235
Price
$307.19
Value
$72,190
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
404
Price
$306.18
Value
$123,698
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,535
Price
$304.52
Value
$467,431
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,976
Price
$303.54
Value
$599,804
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
833
Price
$302.51
Value
$251,991
Open SEC filing

Zimmermann Martine

Director

SaleAlert
Shares
1,200
Price
$285.00
Value
$342,000
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
400
Price
$288.98
Value
$115,592
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
385
Price
$287.53
Value
$110,697
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
2,115
Price
$286.36
Value
$605,649
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,800
Price
$285.17
Value
$513,301
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
300
Price
$283.99
Value
$85,196
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
31,641
Price
$292.07
Value
$9,241,229
Open SEC filing

Haas Jason

Director

SaleAlert
Shares
7,138
Price
$292.81
Value
$2,090,062
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
991
Price
$291.71
Value
$289,086
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
200
Price
$290.60
Value
$58,120
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
503
Price
$289.80
Value
$145,771
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
356
Price
$288.75
Value
$102,795
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,214
Price
$287.77
Value
$349,357
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,032
Price
$286.80
Value
$295,974
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
157
Price
$285.74
Value
$44,861
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
33
Price
$284.55
Value
$9,390
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
409
Price
$292.82
Value
$119,763
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
105
Price
$284.14
Value
$29,834
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
600
Price
$317.15
Value
$190,291
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
900
Price
$315.78
Value
$284,200
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
100
Price
$314.58
Value
$31,458
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
700
Price
$313.46
Value
$219,420
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,081
Price
$312.28
Value
$337,573
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,119
Price
$311.72
Value
$348,815
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
104
Price
$310.20
Value
$32,261
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
396
Price
$308.99
Value
$122,359
Open SEC filing

Sabba Stephen L

Director

SaleAlert
Shares
2,145
Price
$254.00
Value
$544,830
Open SEC filing

Haas Jason

Director

SaleAlert
Shares
3,461
Price
$256.08
Value
$886,286
Open SEC filing

Haas Jason

Director

SaleAlert
Shares
3,000
Price
$255.01
Value
$765,034
Open SEC filing

Aryeh Jason

Director

SaleAlert
Shares
4,500
Price
$250.00
Value
$1,125,000
Open SEC filing

Aryeh Jason

Director

SaleAlert
Shares
500
Price
$250.00
Value
$125,000
Open SEC filing

LAMATTINA JOHN L

Director

SaleAlert
Shares
3,405
Price
$251.62
Value
$856,752
Open SEC filing

LAMATTINA JOHN L

Director

SaleAlert
Shares
697
Price
$249.53
Value
$173,924
Open SEC filing

LAMATTINA JOHN L

Director

SaleAlert
Shares
232
Price
$248.11
Value
$57,562
Open SEC filing

LAMATTINA JOHN L

Director

SaleAlert
Shares
257
Price
$247.22
Value
$63,536
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
200
Price
$230.41
Value
$46,082
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,216
Price
$229.47
Value
$279,033
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
584
Price
$228.57
Value
$133,487
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
400
Price
$226.78
Value
$90,712
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,432
Price
$225.97
Value
$323,585
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
677
Price
$225.20
Value
$152,459
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
491
Price
$223.95
Value
$109,958
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
1,575
Price
$223.50
Value
$352,013
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
459
Price
$224.00
Value
$102,816
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
116
Price
$234.09
Value
$27,154
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
105
Price
$232.57
Value
$24,420
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
165
Price
$231.87
Value
$38,258
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
1
Price
$229.87
Value
$229.87
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
80
Price
$227.37
Value
$18,189
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
800
Price
$234.02
Value
$187,214
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,420
Price
$232.92
Value
$330,749
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
780
Price
$232.04
Value
$180,991
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
370
Price
$230.87
Value
$85,422
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
98
Price
$229.71
Value
$22,511
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
932
Price
$228.75
Value
$213,198
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
600
Price
$227.45
Value
$136,470
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
159
Price
$204.26
Value
$32,478
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
43
Price
$202.91
Value
$8,725
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
79
Price
$202.42
Value
$15,991
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
40
Price
$201.24
Value
$8,049
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
146
Price
$199.97
Value
$29,196
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
337
Price
$204.50
Value
$68,917
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
963
Price
$203.22
Value
$195,703
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
700
Price
$201.90
Value
$141,328
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,238
Price
$200.94
Value
$248,767
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,302
Price
$199.72
Value
$260,038
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
460
Price
$198.85
Value
$91,471
Open SEC filing

Sabba Stephen L

Director

SaleAlert
Shares
1,000
Price
$207.87
Value
$207,873
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
3,057
Price
$225.00
Value
$687,825
Open SEC filing

LAMATTINA JOHN L

Director

SaleAlert
Shares
2,161
Price
$200.76
Value
$433,842
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
612
Price
$207.01
Value
$126,689
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
340
Price
$206.37
Value
$70,165
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
460
Price
$205.18
Value
$94,382
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
200
Price
$204.17
Value
$40,834
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
300
Price
$201.70
Value
$60,510
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
93
Price
$200.62
Value
$18,658
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
207
Price
$199.96
Value
$41,391
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
100
Price
$199.01
Value
$19,901
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,142
Price
$208.87
Value
$238,532
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
1,446
Price
$208.12
Value
$300,939
Open SEC filing

Reardon Andrew

CLO & Secretary

Sale 10b5-1
Shares
100
Price
$197.70
Value
$19,770
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
1,457
Price
$205.79
Value
$299,841
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
743
Price
$204.74
Value
$152,125
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
668
Price
$203.63
Value
$136,024
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
697
Price
$202.79
Value
$141,343
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
950
Price
$201.73
Value
$191,640
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
698
Price
$201.09
Value
$140,364
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
53
Price
$200.08
Value
$10,604
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
699
Price
$198.71
Value
$138,895
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
3,413
Price
$208.80
Value
$712,621
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
2,457
Price
$207.91
Value
$510,823
Open SEC filing

Espinoza Octavio

Chief Financial Officer

Sale 10b5-1
Shares
1,588
Price
$206.89
Value
$328,542
Open SEC filing

Sabba Stephen L

Director

SaleAlert
Shares
2,034
Price
$201.50
Value
$409,851
Open SEC filing

KOZARICH JOHN W

Director

Sale 10b5-1
Shares
42
Price
$203.57
Value
$8,550
Open SEC filing

“Alert” means a voluntary, unscheduled transaction according to the filing; it is not an investment recommendation. Official source: SEC EDGAR.