Kozarich files Form 144 to sell 459 shares (NASDAQ: LGND)

Rhea-AI Filing Summary

John Kozarich submitted a Form 144 proposing the sale of 459 shares of Common Stock of the issuer on 05/12/2026.

The filing lists the sale method as a Stock Option Exercise with cash proceeds and identifies Morgan Stanley Smith Barney LLC as the broker. The excerpt also shows three prior dispositions by John Kozarich of 467 shares each on 05/01/2026, 04/01/2026, and 03/02/2026 with the reported gross amounts $111,519.60, $94,440.09, and $93,632.37, respectively.

Insights

Securities Counsel

Form 144 notices a proposed resale by an affiliate via a stock option exercise.

Form 144 is a regulatory notice for resale under Rule 144; it lists 459 shares to be sold on 05/12/2026 via a stock option exercise and names Morgan Stanley Smith Barney LLC as the broker.

The filing records prior monthly dispositions of 467 shares on three dates with the listed gross amounts; subsequent filings or broker confirmations will detail settlement. Timing and final cash‑flow outcomes are not stated in the excerpt.

Equity Markets Analyst

The transaction scale shown is small relative to typical public float and is routine in nature.

The notice covers 459 shares offered following a stock option exercise; the three listed prior dispositions each total 467 shares with stated proceeds. These patterns are consistent with routine insider liquidity events.

Cash‑flow recipients and any holding changes are not specified beyond the broker identification; subsequent filings would confirm executed sales.

Key Figures

Proposed sale: 459 shares Broker: Morgan Stanley Smith Barney LLC Prior disposition: 467 shares +2 more

5 metrics

Proposed sale 459 shares to be sold on 05/12/2026 via Stock Option Exercise

Broker Morgan Stanley Smith Barney LLC identified as broker on the Form 144

Prior disposition 467 shares sold on 05/01/2026 for $111,519.60

Prior disposition 467 shares sold on 04/01/2026 for $94,440.09

Prior disposition 467 shares sold on 03/02/2026 for $93,632.37

Key Terms

Form 144, Stock Option Exercise, Issuer, Broker

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Securities To Be Sold | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Issuer regulatory

"Securities To Be Sold | Issuer"

Broker financial

"Morgan Stanley Smith Barney LLC Executive Financial Services"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	459	102816.00	20041061	05/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/12/2026	Stock Option Exercise	Issuer			459	05/12/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JOHN KOZARICH 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	05/01/2026	467	111519.60
JOHN KOZARICH 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	04/01/2026	467	94440.09
JOHN KOZARICH 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	03/02/2026	467	93632.37

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for LGND disclose?

The Form 144 discloses a proposed sale of 459 shares of Common Stock on 05/12/2026. It lists the sale as a Stock Option Exercise and names Morgan Stanley Smith Barney LLC as broker.

Who is the selling person named in the LGND Form 144?

The filing identifies John Kozarich as the selling person. The excerpt lists his address and prior dispositions of Common Stock on three dates earlier in 2026.

What past sales by the same person are shown in the filing for LGND?

The filing reports three prior dispositions by John Kozarich of 467 shares each on 05/01/2026, 04/01/2026, and 03/02/2026 with gross amounts of $111,519.60, $94,440.09, and $93,632.37, respectively.

What sale method is listed in the LGND Form 144?

The excerpt specifies the sale method as a Stock Option Exercise with the consideration type shown as Cash. The broker is identified as Morgan Stanley Smith Barney LLC.

Does the Form 144 indicate the sale was completed for LGND?

The Form 144 is a notice of proposed sale showing 459 shares to be sold on 05/12/2026. The excerpt does not state whether the sale was executed or settled.