Matthew E. Korenberg - Sep 20, 2024 Form 4 Insider Report for LIGAND PHARMACEUTICALS INC (LGND)

Signature
By: /s/ Andrew Reardon, Attorney-in-Fact For: Matthew E. Korenberg
Stock symbol
LGND
Transactions as of
Sep 20, 2024
Transactions value $
-$878,082
Form type
4
Date filed
9/24/2024, 07:41 PM
Previous filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGND Common Stock Options Exercise $249K +4.98K +9.57% $49.99 57.1K Sep 20, 2024 Direct
transaction LGND Common Stock Sale -$653K -6.28K -11% $104.10 50.8K Sep 20, 2024 Direct F1
transaction LGND Common Stock Options Exercise $19.7K +395 +0.78% $49.99 51.2K Sep 23, 2024 Direct
transaction LGND Common Stock Options Exercise $495K +9.38K +18.32% $52.84 60.5K Sep 23, 2024 Direct
transaction LGND Common Stock Sale -$248K -2.48K -4.1% $100.05 58.1K Sep 23, 2024 Direct F2
transaction LGND Common Stock Sale -$720K -7.09K -12.21% $101.61 51K Sep 23, 2024 Direct F3
transaction LGND Common Stock Sale -$20.5K -201 -0.39% $102.05 50.8K Sep 23, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LGND Employee Stock Option (right to buy) Options Exercise $0 -4.98K -92.65% $0.00 395 Sep 20, 2024 Common Stock 4.98K $49.99 Direct F5
transaction LGND Employee Stock Option (right to buy) Options Exercise $0 -395 -100% $0.00 0 Sep 23, 2024 Common Stock 395 $49.99 Direct F5
transaction LGND Employee Stock Option (right to buy) Options Exercise $0 -9.38K -18.1% $0.00 42.4K Sep 23, 2024 Common Stock 9.38K $52.84 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $104.0000 to $104.4300. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $100.0000 to $100.2750. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $101.0450 to $102.0400. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $102.0450 to $102.0950. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 This Option was previously reported as a Grant of 18,464 shares on February 11, 2016, which vested in full on February 11, 2020, at an exercise price of $85.79 per share, but was adjusted pursuant to the OmniAb Inc. separation from the issuer.
F6 This Option was previously reported as a Grant of 30,189 shares on May 5, 2022, at an exercise price of $90.68 per share, but was adjusted pursuant to the OmniAb Inc. separation from the issuer and shall be fully vested on February 5, 2026.