STOCK TITAN

[Form 4] Ligand Pharmaceuticals Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 Filing Details: Andrew Reardon, Chief Legal Officer and Secretary of Ligand Pharmaceuticals (LGND), reported a sale of 500 shares of common stock on June 23, 2025, at an average price of $114.0843 per share.

Following the transaction, Reardon continues to hold 31,903 shares directly. The sale represents approximately 1.5% of his direct holdings. The transaction was reported within the required two-business-day filing deadline, with the Form 4 being filed on June 24, 2025.

This insider sale occurs at a time when LGND executives must comply with SEC regulations regarding insider trading. The filing indicates this was a direct ownership transaction, and no derivative securities were involved in this report.

Dettagli della Presentazione del Modulo 4: Andrew Reardon, Chief Legal Officer e Segretario di Ligand Pharmaceuticals (LGND), ha segnalato la vendita di 500 azioni ordinarie il 23 giugno 2025, ad un prezzo medio di 114,0843 $ per azione.

Dopo la transazione, Reardon detiene ancora direttamente 31.903 azioni. La vendita rappresenta circa l'1,5% delle sue partecipazioni dirette. La segnalazione è stata effettuata entro il termine previsto di due giorni lavorativi, con la presentazione del Modulo 4 avvenuta il 24 giugno 2025.

Questa vendita da parte di un insider avviene in un periodo in cui i dirigenti di LGND devono rispettare le normative SEC in materia di insider trading. Il modulo indica che si tratta di una transazione di proprietà diretta e che non sono stati coinvolti strumenti derivati in questa segnalazione.

Detalles de la Presentación del Formulario 4: Andrew Reardon, Director Jurídico y Secretario de Ligand Pharmaceuticals (LGND), reportó la venta de 500 acciones ordinarias el 23 de junio de 2025, a un precio promedio de 114,0843 $ por acción.

Tras la transacción, Reardon continúa poseyendo directamente 31,903 acciones. La venta representa aproximadamente el 1,5% de sus participaciones directas. La presentación se realizó dentro del plazo requerido de dos días hábiles, con el Formulario 4 presentado el 24 de junio de 2025.

Esta venta por parte de un insider ocurre en un momento en que los ejecutivos de LGND deben cumplir con las regulaciones de la SEC sobre operaciones con información privilegiada. El informe indica que fue una transacción de propiedad directa y que no se involucraron valores derivados en este reporte.

Form 4 제출 세부사항: Ligand Pharmaceuticals(LGND)의 최고법률책임자 겸 비서인 Andrew Reardon은 2025년 6월 23일에 보통주 500주를 주당 평균 114.0843달러에 매도했다고 보고했습니다.

거래 후 Reardon은 직접 31,903주를 계속 보유하고 있습니다. 이번 매도는 그의 직접 보유 주식의 약 1.5%에 해당합니다. 이 거래는 제출 기한인 2영업일 내에 보고되었으며, Form 4는 2025년 6월 24일에 제출되었습니다.

이 내부자 매도는 LGND 경영진이 SEC의 내부자 거래 규정을 준수해야 하는 시기에 이루어졌습니다. 제출 서류는 이번 거래가 직접 소유권 거래였으며, 파생 증권은 포함되지 않았음을 나타냅니다.

Détails du dépôt du formulaire 4 : Andrew Reardon, directeur juridique et secrétaire de Ligand Pharmaceuticals (LGND), a déclaré la vente de 500 actions ordinaires le 23 juin 2025, à un prix moyen de 114,0843 $ par action.

Suite à cette transaction, Reardon détient toujours directement 31 903 actions. La vente représente environ 1,5 % de ses participations directes. Le dépôt a été effectué dans le délai requis de deux jours ouvrables, le formulaire 4 ayant été déposé le 24 juin 2025.

Cette vente d'initié intervient à un moment où les dirigeants de LGND doivent se conformer aux réglementations de la SEC concernant les opérations d'initiés. Le dépôt indique qu'il s'agissait d'une transaction de propriété directe, sans implication de titres dérivés dans ce rapport.

Details zur Einreichung von Formular 4: Andrew Reardon, Chief Legal Officer und Sekretär von Ligand Pharmaceuticals (LGND), meldete am 23. Juni 2025 den Verkauf von 500 Stammaktien zu einem Durchschnittspreis von 114,0843 $ pro Aktie.

Nach der Transaktion hält Reardon weiterhin direkt 31.903 Aktien. Der Verkauf entspricht etwa 1,5 % seiner direkten Beteiligungen. Die Meldung erfolgte fristgerecht innerhalb von zwei Geschäftstagen, das Formular 4 wurde am 24. Juni 2025 eingereicht.

Dieser Insider-Verkauf erfolgt zu einer Zeit, in der LGND-Führungskräfte die SEC-Vorschriften zum Insiderhandel einhalten müssen. Die Einreichung weist darauf hin, dass es sich um eine Transaktion mit direktem Eigentum handelt und keine Derivate in diesem Bericht enthalten sind.

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  • None.

Dettagli della Presentazione del Modulo 4: Andrew Reardon, Chief Legal Officer e Segretario di Ligand Pharmaceuticals (LGND), ha segnalato la vendita di 500 azioni ordinarie il 23 giugno 2025, ad un prezzo medio di 114,0843 $ per azione.

Dopo la transazione, Reardon detiene ancora direttamente 31.903 azioni. La vendita rappresenta circa l'1,5% delle sue partecipazioni dirette. La segnalazione è stata effettuata entro il termine previsto di due giorni lavorativi, con la presentazione del Modulo 4 avvenuta il 24 giugno 2025.

Questa vendita da parte di un insider avviene in un periodo in cui i dirigenti di LGND devono rispettare le normative SEC in materia di insider trading. Il modulo indica che si tratta di una transazione di proprietà diretta e che non sono stati coinvolti strumenti derivati in questa segnalazione.

Detalles de la Presentación del Formulario 4: Andrew Reardon, Director Jurídico y Secretario de Ligand Pharmaceuticals (LGND), reportó la venta de 500 acciones ordinarias el 23 de junio de 2025, a un precio promedio de 114,0843 $ por acción.

Tras la transacción, Reardon continúa poseyendo directamente 31,903 acciones. La venta representa aproximadamente el 1,5% de sus participaciones directas. La presentación se realizó dentro del plazo requerido de dos días hábiles, con el Formulario 4 presentado el 24 de junio de 2025.

Esta venta por parte de un insider ocurre en un momento en que los ejecutivos de LGND deben cumplir con las regulaciones de la SEC sobre operaciones con información privilegiada. El informe indica que fue una transacción de propiedad directa y que no se involucraron valores derivados en este reporte.

Form 4 제출 세부사항: Ligand Pharmaceuticals(LGND)의 최고법률책임자 겸 비서인 Andrew Reardon은 2025년 6월 23일에 보통주 500주를 주당 평균 114.0843달러에 매도했다고 보고했습니다.

거래 후 Reardon은 직접 31,903주를 계속 보유하고 있습니다. 이번 매도는 그의 직접 보유 주식의 약 1.5%에 해당합니다. 이 거래는 제출 기한인 2영업일 내에 보고되었으며, Form 4는 2025년 6월 24일에 제출되었습니다.

이 내부자 매도는 LGND 경영진이 SEC의 내부자 거래 규정을 준수해야 하는 시기에 이루어졌습니다. 제출 서류는 이번 거래가 직접 소유권 거래였으며, 파생 증권은 포함되지 않았음을 나타냅니다.

Détails du dépôt du formulaire 4 : Andrew Reardon, directeur juridique et secrétaire de Ligand Pharmaceuticals (LGND), a déclaré la vente de 500 actions ordinaires le 23 juin 2025, à un prix moyen de 114,0843 $ par action.

Suite à cette transaction, Reardon détient toujours directement 31 903 actions. La vente représente environ 1,5 % de ses participations directes. Le dépôt a été effectué dans le délai requis de deux jours ouvrables, le formulaire 4 ayant été déposé le 24 juin 2025.

Cette vente d'initié intervient à un moment où les dirigeants de LGND doivent se conformer aux réglementations de la SEC concernant les opérations d'initiés. Le dépôt indique qu'il s'agissait d'une transaction de propriété directe, sans implication de titres dérivés dans ce rapport.

Details zur Einreichung von Formular 4: Andrew Reardon, Chief Legal Officer und Sekretär von Ligand Pharmaceuticals (LGND), meldete am 23. Juni 2025 den Verkauf von 500 Stammaktien zu einem Durchschnittspreis von 114,0843 $ pro Aktie.

Nach der Transaktion hält Reardon weiterhin direkt 31.903 Aktien. Der Verkauf entspricht etwa 1,5 % seiner direkten Beteiligungen. Die Meldung erfolgte fristgerecht innerhalb von zwei Geschäftstagen, das Formular 4 wurde am 24. Juni 2025 eingereicht.

Dieser Insider-Verkauf erfolgt zu einer Zeit, in der LGND-Führungskräfte die SEC-Vorschriften zum Insiderhandel einhalten müssen. Die Einreichung weist darauf hin, dass es sich um eine Transaktion mit direktem Eigentum handelt und keine Derivate in diesem Bericht enthalten sind.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Reardon Andrew

(Last) (First) (Middle)
555 HERITAGE DRIVE
SUITE 200

(Street)
JUPITER FL 33458

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIGAND PHARMACEUTICALS INC [ LGND ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CLO & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/23/2025 S 500 D $114.0843 31,903 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Andrew Reardon 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many LGND shares did CLO Andrew Reardon sell on June 23, 2025?

According to the Form 4 filing, CLO and Secretary Andrew Reardon sold 500 shares of LGND common stock on June 23, 2025, at an average price of $114.0843 per share.

What is Andrew Reardon's remaining LGND stock position after the June 2025 transaction?

Following the reported transaction, Andrew Reardon directly owns 31,903 shares of Ligand Pharmaceuticals (LGND) common stock.

What position does Andrew Reardon hold at LGND?

Andrew Reardon serves as the Chief Legal Officer (CLO) & Secretary of Ligand Pharmaceuticals Inc., as indicated in the Form 4 filing.

Was the LGND insider transaction made under a 10b5-1 trading plan?

The Form 4 filing does not indicate that this transaction was made pursuant to a 10b5-1 trading plan, as the corresponding checkbox was not marked on the form.

What was the total value of LGND shares sold by Andrew Reardon in June 2025?

Based on the reported sale of 500 shares at $114.0843 per share, the total value of the transaction was approximately $57,042.15.
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