LGND (NASDAQ) insider files Form 144 showing 1,000-share sale and June option-related sale

Rhea-AI Filing Summary

Stephen L. Sabba submitted a Form 144 notice to sell 1,000 shares previously sold on 03/23/2026 for $207,872.70 and listed a planned sale tied to a stock option exercise on 06/16/2026. The filing names Morgan Stanley Smith Barney LLC Executive Financial Services as the broker-dealer involved.

Insights

Corporate Governance Specialist

Routine Rule 144 notice for an insider sale and a planned post-exercise sale.

The filing lists a prior sale of $207,872.70 for 1,000 shares on 03/23/2026 and a proposed sale associated with a stock option exercise dated 06/16/2026. The broker-dealer named is Morgan Stanley Smith Barney LLC Executive Financial Services.

These notices are administrative disclosures required under resale rules. Cash-flow treatment and the exact number tied to the June entry are stated in the excerpt; subsequent filings may confirm settlement details and final share counts.

Key Figures

Prior sale: 1,000 shares Proceeds from prior sale: $207,872.70 Planned sale event: Stock option exercise +2 more

5 metrics

Prior sale 1,000 shares Sale date <date>03/23/2026</date>

Proceeds from prior sale $207,872.70 Proceeds realized on <date>03/23/2026</date>

Planned sale event Stock option exercise Planned/related date <date>06/16/2026</date>

Broker-dealer Morgan Stanley Smith Barney LLC Named as broker in the filing

Listed share line 2,145 Quantity field shown alongside securities entries

Key Terms

Form 144, Rule 144 notice, stock option exercise

3 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.

Rule 144 notice regulatory

"144: Securities To Be Sold | Stock Option Exercise"

A Rule 144 notice is a public filing that an insider or holder of restricted stock submits when they plan to sell shares that aren’t freely tradable yet; it lists how many shares they intend to sell and under what conditions. For investors, it matters because it signals potential insider selling and an upcoming increase in shares available to the market—similar to someone announcing a big garage sale, which can affect supply and price expectations.

stock option exercise financial

"Common | 06/16/2026 | 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.

FAQ

What does LGND's Form 144 disclose about insider sales?

The Form 144 discloses a prior sale of 1,000 shares on 03/23/2026 for $207,872.70. It also lists a planned sale tied to a stock option exercise dated 06/16/2026 with Morgan Stanley Smith Barney LLC named as broker.

Who is the filing party on the Form 144 for LGND?

The filing party is Stephen L. Sabba, with an address in Jupiter, Florida. The broker-dealer listed is Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza.

How many shares were sold recently according to the Form 144?

The Form 144 shows a sale of 1,000 shares on 03/23/2026 generating $207,872.70. The filing also references an intended transaction connected to a stock option exercise on 06/16/2026.

Does the Form 144 state proceeds or cash treatment for the June transaction?

The excerpt indicates the method as Cash for the listed 06/16/2026 stock option exercise. The filing does not provide further allocation of proceeds in the provided excerpt.

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

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Accepted by SEC EDGAR 06/16/2026 - 04:30 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
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	2145	544830.00	20041061	06/16/2026	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	06/16/2026	Stock Option Exercise	Issuer			2145	06/16/2026	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
STEPHEN L. SABBA 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	03/23/2026	1000	207872.70

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)