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sellWeak cluster of 210b5-1 plan

Andrew Reardon sold $1.4M of LGND

CLO & Secretary at LIGAND PHARMACEUTICALS INC. 5,000 shares at an average of $286.09, traded Sep 3, 2026, filed Sep 8, 2026.

Warning score
33
Value
$1.4M
5,000 shares
Holdings after
36,514
-12% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $1.4M at market
    +25
  • Share of holdings sold
    Sold 12% of holdings
    +5
  • Cluster
    2 insiders selling within 14 days
    +8
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

LGNDOct 12, 2026 · close 311.13
Since filing Sep 8, 2026: +7.7%SPY +1.8% · excess +5.9%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0002001011-26-000137, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 3, 2026SOpen-market sale
Common Stock10b5-1
-300$283.99$85k41,21436 d ago
Sep 3, 2026SOpen-market sale
Common Stock10b5-1
-1,800$285.17$513k39,41436 d ago
Sep 3, 2026SOpen-market sale
Common Stock10b5-1
-2,115$286.36$606k37,29936 d ago
Sep 3, 2026SOpen-market sale
Common Stock10b5-1
-385$287.53$111k36,91436 d ago
Sep 3, 2026SOpen-market sale
Common Stock10b5-1
-400$288.98$116k36,51436 d ago

Related signals

Other insiders at LIGAND PHARMACEUTICALS INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
10Weak
LGNDsell10b5-1
LIGAND PHARMACEUTICALS INC
Andrew Reardon
CLO & Secretary
$1.5M
5,000 shares
-14%
43Moderate
LGNDsell 2
LIGAND PHARMACEUTICALS INC
Martine Zimmermann
director
$342k
1,200 shares
-24%
47Moderate
LGNDsell 310b5-1
LIGAND PHARMACEUTICALS INC
Octavio Espinoza
Chief Financial Officer
$9.2M
31,641 shares
-53%
60Notable
LGNDsell 3
LIGAND PHARMACEUTICALS INC
Jason Haas
director
$2.1M
7,138 shares
-64%
25Weak
LGNDsell 310b5-1
LIGAND PHARMACEUTICALS INC
Andrew Reardon
CLO & Secretary
$1.4M
5,000 shares
-11%
10Weak
LGNDsell10b5-1
LIGAND PHARMACEUTICALS INC
Andrew Reardon
CLO & Secretary
$1.6M
5,000 shares
-11%
34Weak
LGNDsell 4
LIGAND PHARMACEUTICALS INC
Stephen L Sabba
director
$545k
2,145 shares
-6%
60Notable
LGNDsell 5
LIGAND PHARMACEUTICALS INC
Jason Haas
director
$1.7M
6,461 shares
-56%
55Moderate
LGNDsell 5
LIGAND PHARMACEUTICALS INC
Jason Aryeh
director
$1.3M
5,000 shares
-5%
60Notable
LGNDsell 5
LIGAND PHARMACEUTICALS INC
John L Lamattina
director
$1.2M
4,591 shares
-15%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Andrew Reardon sold $1.4M of LGND | InsiderTell