Insider Trading & Ownership of Todd C. Davis

Location: 11119 North Torrey Pines Road, Suite 200, La Jolla, CA
Summary: The estimated net worth of Todd C. Davis is at least $50M dollars as of December 8, 2025. Todd C. Davis is the Chief Executive Officer, Director of LIGAND PHARMACEUTICALS INC and owns shares of LIGAND PHARMACEUTICALS INC (LGND) stock worth about $32.7M. Todd C. Davis is the Director of Channel Therapeutics Corp and owns shares of Channel Therapeutics Corp (CHRO) stock worth about $15.3M. Todd C. Davis is the Director of PALVELLA THERAPEUTICS, INC. and owns shares of PALVELLA THERAPEUTICS, INC. (PVLA) stock worth about $1.79M. Todd C. Davis is the Director of Vaxart, Inc. and owns shares of Vaxart, Inc. (VXRT) stock worth about $301K.
Signature: By: /s/ Andrew Reardon, Attorney-in-Fact For: Todd C. Davis
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Ownership of Todd C. Davis

Symbol	Company	Relationship	Holdings Value	Past Year Net Change	Change %	Report Period
LGND, LGNDZ	LIGAND PHARMACEUTICALS INC	Chief Executive Officer, Director	$32.7M	+$1M	+3.16%	Dec 4, 2025
CHRO	Channel Therapeutics Corp	Director	$15.3M			Jul 2, 2025
PVLA	PALVELLA THERAPEUTICS, INC.	Director	$1.79M			Jun 10, 2025
VXRT	Vaxart, Inc.	Director	$301K			Aug 4, 2022
BDSI	BIODELIVERY SCIENCES INTERNATIONAL INC	Director				Mar 22, 2022

Sym	Company	Class	Transaction	%	Value $	* Price $	Shares	Shares After	Date	Ownership

* An asterisk sign (*) next to the price indicates that the price is likely invalid.