LGND: 10,000-share Section 144 notice; prior 10b5-1 sales by Reardon (LGND)

Rhea-AI Filing Summary

LGND notice: Morgan Stanley Smith Barney LLC submitted a Section 144 filing covering 10,000 shares of Common Stock tied to an exercise of stock options dated 07/01/2026. The filing also records prior 10b5-1 sales by Andrew Reardon of 5,000 shares on 06/01/2026 and 5,000 shares on 05/01/2026, with proceeds shown for each sale.

Insights

Securities Attorney

Section 144 notice for 10,000 shares tied to option exercise; prior 10b5-1 sales listed.

The filing lists an exercise of stock options producing 10,000 shares on 07/01/2026 and shows executed 10b5-1 sales of 5,000 shares on 06/01/2026 and 5,000 shares on 05/01/2026.

Timing and proceeds for the prior sales are provided in the excerpt; cashflow recipient and broader dilution context are not detailed in the excerpt. Subsequent filings or broker confirmations would show settlement and final proceeds allocation.

Equity Capital Markets Analyst

Administrative resale notice, not an issuer primary offering.

The form records resale activity and an option exercise rather than a registered primary issuance. The methods shown include cash exercise and previously executed 10b5-1 plans, indicating routine disposition mechanics by an affiliate or selling holder.

Market impact depends on who ultimately sells shares and timing; the excerpt does not name any underwriting or offering program.

Key Figures

Section 144 notice: 10,000 shares 10b5-1 sale: 5,000 shares 10b5-1 sale: 5,000 shares

3 metrics

Section 144 notice 10,000 shares exercise of stock options on 07/01/2026

10b5-1 sale 5,000 shares sale on 06/01/2026 with proceeds $1,135,315.50

10b5-1 sale 5,000 shares sale on 05/01/2026 with proceeds $1,156,555.50

Key Terms

Section 144, 10b5-1, exercise of stock options

3 terms

Section 144 regulatory

"Section 144 filing covering 10,000 shares dated 07/01/2026"

10b5-1 regulatory

"10b5-1 Sales for ANDREW REARDON listed with dates and amounts"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

exercise of stock options financial

"Securities To Be Sold entry: Exercise of Stock Options, Cash"

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Available on EDGAR 07/01/2026 - 04:57 PM Accepted by SEC EDGAR 07/01/2026 - 04:57 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	10000	3160900.00	20041061	07/01/2026	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	07/01/2026	Exercise of Stock Options	Issuer			10000	07/01/2026	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
10b5-1 Sales for ANDREW REARDON 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	06/01/2026	5000	1135315.50
10b5-1 Sales for ANDREW REARDON 555 Heritage Drive, Suite 200 Jupiter FL 33458	Common	05/01/2026	5000	1156555.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 does LGND's Form 144 filing report?

The filing reports a Section 144 notice for 10,000 shares of Common Stock from an exercise of stock options dated 07/01/2026. It also lists prior 10b5-1 sales of 5,000 shares on 06/01/2026 and 05/01/2026.

Who executed the prior 10b5-1 sales shown in the LGND excerpt?

The excerpt identifies Andrew Reardon as the actor for two 10b5-1 sales: 5,000 shares on 06/01/2026 and 5,000 shares on 05/01/2026, with proceeds reported next to each sale.

Are the 10,000 shares in the Form 144 being sold by the issuer or a selling holder?

The entry shows the exercise of stock options and lists the transaction method as Cash; the excerpt ties the line to an issuer-side exercise but does not explicitly state whether subsequent resale will be by the issuer or a selling holder.

Does this Form 144 indicate an at-the-market offering or registered shelf sale for LGND?

No. The excerpt records a Section 144 resale notice and option exercise; it does not describe an ATM program, shelf registration, or underwriting—only specified share counts and dated transactions are provided.

Where can investors find final proceeds or settlement details for these transactions?

Final settlement and proceeds allocation are not fully detailed in the excerpt. Broker confirmations, transfer agent records, or subsequent SEC filings would report completed sale settlements and exact cashflow recipients.