John W. Kozarich - 02 Jan 2026 Form 4 Insider Report for LIGAND PHARMACEUTICALS INC (LGND)

Role
Director
Signature
By: s/ Andrew Reardon, Attorney-in-Fact For: John W. Kozarich
Issuer symbol
LGND
Transactions as of
02 Jan 2026
Net transactions value
-$88,532
Form type
4
Filing time
06 Jan 2026, 19:47:45 UTC
Previous filing
03 Dec 2025
Next filing
04 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KOZARICH JOHN W Director 555 HERITAGE DRIVE, SUITE 200, JUPITER By: s/ Andrew Reardon, Attorney-in-Fact For: John W. Kozarich 06 Jan 2026 0001223000

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGND Common Stock Sale $3,918 -21 -0.05% $186.59 44,100 02 Jan 2026 Direct F1
transaction LGND Common Stock Sale $17,104 -91 -0.21% $187.95 44,009 02 Jan 2026 Direct F1, F2
transaction LGND Common Stock Sale $19,274 -102 -0.23% $188.96 43,907 02 Jan 2026 Direct F1, F3
transaction LGND Common Stock Sale $39,386 -207 -0.47% $190.27 43,700 02 Jan 2026 Direct F1, F4
transaction LGND Common Stock Sale $8,850 -46 -0.11% $192.40 43,654 02 Jan 2026 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were made pursuant to a written trading plan adopted by the Reporting Person on March 07, 2025, in accordance with Rule 10b5-1.
F2 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $187.6150 to $188.5700. 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 $188.6000 to $189.3900. 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 $189.7800 to $190.5700. 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.