LGND Form 144: Notice to Sell 4,000-Share Option

LGND filing a Form 144 notices proposed sales of common stock tied to equity awards.

Rhea-AI Filing Summary

LGND filing a Form 144 notices proposed sales of common stock tied to equity awards. The excerpt lists a stock option exercise covering 4,000 shares with a trade date 06/12/2026, and two restricted stock items of 1,252 shares (06/06/2025) and 1,209 shares (06/05/2026).

The Form 144 entry records the securities type, dates, and the filer as an issuer-designated sale; cash/consideration method is listed as Cash.

Insights

Securities Compliance Analyst

Form 144 lists planned dispositions of equity awards totaling several thousand shares.

The excerpt shows a stock option exercise for 4,000 shares and two restricted stock entries of 1,252 and 1,209 shares with associated dates. These entries represent reported sale notices under resale rules.

Cash treatment is listed as Cash; timing and exact sale mechanics beyond the listed dates are not provided in the excerpt.

Key Figures

Stock option exercise: 4,000 shares Restricted stock (1): 1,252 shares Restricted stock (2): 1,209 shares +2 more

5 metrics

Stock option exercise 4,000 shares trade date 06/12/2026

Restricted stock (1) 1,252 shares date 06/06/2025

Restricted stock (2) 1,209 shares date 06/05/2026

Aggregate listed in excerpt 6,461 shares sum of listed line items in excerpt

Filing form Form 144 Notice of proposed sale

Key Terms

Form 144, Stock Option Exercise, Restricted Stock, Issuer

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

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

"Common | 06/12/2026 | 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.

Restricted Stock financial

"Common | 06/06/2025 | Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Issuer legal

"Stock Option Exercise | Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does LGND's Form 144 disclose?

The Form 144 discloses proposed dispositions of equity awards, including a 4,000-share stock option exercise dated 06/12/2026, and restricted stock entries of 1,252 and 1,209 shares dated 06/06/2025 and 06/05/2026.

Does the Form 144 mean shares have already been sold for LGND?

A Form 144 is a notice of intent to sell; it does not by itself confirm completed sales. The excerpt lists trade/exercise dates but does not state settlement or completed resale of shares.

Who is the filer listed on the LGND Form 144?

The excerpt names Morgan Stanley Smith Barney LLC Executive Financial Services with an address at 1 New York Plaza as the reporting intermediary on the Form 144 entry shown.

How many total shares are listed in the provided LGND excerpt?

The excerpt lists three line items totaling 6,461 shares when added: 4,000, 1,252, and 1,209. The filing shows these as individual securities entries with their respective dates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 04:09 PM Learn about SEC filing dates

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	0001883821
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LIGAND PHARMACEUTICALS INCORPORATED
SEC File Number	001-33093
Address of Issuer	555 Heritage Drive, Suite 200 Jupiter FLORIDA 33458
Phone	(858) 550-7500
Name of Person for Whose Account the Securities are To Be Sold	JASON HAAS
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	Director

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	6461	1654016.00	20041061	06/12/2026	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	06/12/2026	Stock Option Exercise	Issuer			4000	06/12/2026	Cash
Common	06/06/2025	Restricted Stock	Issuer			1252	06/06/2025	Not Applicable
Common	06/05/2026	Restricted Stock	Issuer			1209	06/05/2026	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	06/12/2026
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	/s/ Jason Haas
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)