John Kozarich sells shares; LGND (NASDAQ: LGND) option exercise for 1,575 shares

Rhea-AI Filing Summary

LGND reporting person John Kozarich disclosed recent sales of Common Stock under Rule 144 procedures. The filing lists a planned Stock Option Exercise for 1,575 shares on 05/13/2026 through Morgan Stanley Smith Barney LLC as issuer-directed cash settlement. The record also lists four recent dispositions: 459, 467, 467, and 467 shares on 05/12/2026, 05/01/2026, 04/01/2026, and 03/02/2026 respectively, with gross proceeds shown in the filing.

Insights

Corporate Governance Analyst

Routine executive dispositions and an option exercise were reported; no additional qualifiers shown.

The filing lists a Stock Option Exercise of 1,575 shares on 05/13/2026 to be settled for cash through Morgan Stanley Smith Barney LLC. Separate lines show four recent sales by John Kozarich totaling listed share amounts and gross proceeds.

Cash‑flow treatment and any trading plan references are not included in the excerpt; subsequent filings or broker confirmations would be needed for further detail.

Key Figures

Option exercise reported: 1,575 shares Sale on 05/12/2026: 459 shares Sale on 05/01/2026: 467 shares +2 more

5 metrics

Option exercise reported 1,575 shares Stock Option Exercise on 05/13/2026 (cash settlement)

Sale on 05/12/2026 459 shares Gross proceeds $102,816.00

Sale on 05/01/2026 467 shares Gross proceeds $111,519.60

Sale on 04/01/2026 467 shares Gross proceeds $94,440.09

Sale on 03/02/2026 467 shares Gross proceeds $93,632.37

Key Terms

Stock Option Exercise, Form 144, Gross proceeds

3 terms

Stock Option Exercise financial

"Stock Option Exercise | Issuer | 1,575 | 05/13/2026 | Cash"

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.

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.

Gross proceeds financial

"459 | 102816.00 JOHN KOZARICH"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

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	1575	352012.50	20041061	05/13/2026	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	05/13/2026	Stock Option Exercise	Issuer			1575	05/13/2026	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	05/12/2026	459	102816.00
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 did LGND insider John Kozarich report in the Form 144?

He reported planned sale via a stock option exercise for 1,575 shares on 05/13/2026. The filing also lists four recent dispositions of 459, 467, 467, and 467 shares with gross proceeds shown for each sale.

Who is handling the transaction listed in the LGND Form 144?

The transaction agent is Morgan Stanley Smith Barney LLC, Executive Financial Services. The exercise/sale is recorded as issuer-directed and to be settled in cash on 05/13/2026 per the filing excerpt.

How many shares were sold by John Kozarich in the past three months per the filing?

The filing lists four separate dispositions totaling reported lots of 1,860 shares (459+467+467+467) across March–May 2026. Each line shows the share count and gross proceeds for that disposition.

What proceeds are shown for the most recent sale in the Form 144?

The most recent listed sale dated 05/12/2026 shows 459 shares with gross proceeds of $102,816.00 as recorded in the filing excerpt.

Does the excerpt state whether these sales were part of a trading plan?

The excerpt does not disclose any reference to a Rule 10b5-1 trading plan or similar arrangement. The filing shows dates, share counts, and gross proceeds only.