Stephen Sabba (NASDAQ: LGND) sells 2,034 shares for $409,851

Rhea-AI Filing Summary

LGND reported an insider sale. Stephen L. Sabba reported the sale of 2,034 common shares on 03/03/2026 with an aggregate figure shown as $409,851.00 in the filing. The notice also records an earlier exercised block of 1,000 shares on 03/05/2024 noted as "Exercised Shares" for cash.

Insights

Insider Transactions Analyst

Routine disclosure of an insider sale with clear size and dates.

The filing lists a reported sale of 2,034 common shares on 03/03/2026 and shows $409,851.00 alongside that row; the excerpt treats these as the selling-row values. The filing also records an earlier exercise of 1,000 shares on 03/05/2024 paid in cash.

These items are administrative disclosures under Rule 144. The cash‑flow treatment and whether proceeds went to the reporting person or an associated entity are not detailed in the excerpt; subsequent filings or broker confirmations would provide further context.

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	1000	207872.70	19941141	03/23/2026	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	03/05/2024	Exercised Shares	Issuer			1000	03/05/2024	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	03/03/2026	2034	409851.00

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 did LGND insider Stephen L. Sabba report on 03/03/2026?

He reported a sale of 2,034 common shares on 03/03/2026, with an associated aggregate figure listed as $409,851.00. The filing presents these numbers in the "Securities Sold During The Past 3 Months" row.

Does the filing show any exercised securities for LGND?

Yes. The excerpt records an "Exercised Shares" row showing 1,000 common shares exercised on 03/05/2024 and paid in cash. That line is labeled "Issuer" and indicates exercise activity.

Is the cash‑flow destination of the sale proceeds specified for LGND?

No. The provided excerpt lists $409,851.00 with the sale row but does not state who received the proceeds or how they were used. The filing text in the excerpt lacks a cash‑flow beneficiary statement.

What form type is this LGND filing and what does it mean?

This is a Form 144 disclosure for proposed or recent resale under Rule 144. It notifies the market of an insider sale of restricted or control securities, as shown by the reported sale and exercise rows.

Are there other transaction dates shown in the excerpt for LGND?

Yes. Aside from 03/03/2026, the excerpt shows an exercise date of 03/05/2024 for 1,000 shares and an entry dated 03/05/2024 labeled "Exercised Shares" with cash consideration.