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sellModerate cluster of 2

Octavio Espinoza sold $340k of LGND

Chief Financial Officer at LIGAND PHARMACEUTICALS INC. 1,804 shares at an average of $188.31, traded Dec 12, 2025, filed Dec 16, 2025.

Warning score
45
Value
$340k
1,804 shares
Holdings after
26,186
-6% from before
From 52-week low
+96%
low $96.67, close $189.55
From 52-week high
-9%
high $209.29, as of Dec 12, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $340k at market
    +15
  • Share of holdings sold
    Sold 6.4% of holdings
    0
  • Cluster
    2 insiders selling within 14 days
    +8

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 9, 2026 · close 301.81
Since filing Dec 16, 2025: +56.7%SPY +15.9% · excess +40.8%

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 0002001011-25-000125, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 12, 2025SOpen-market sale
Common Stock
-1,804$188.31$340k26,186Dec 16, 2025

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%
33Weak
LGNDsell 210b5-1
LIGAND PHARMACEUTICALS INC
Andrew Reardon
CLO & Secretary
$1.4M
5,000 shares
-12%
12Weak
LGNDsell 210b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$91k
467 shares
-1%
60Notable
LGNDsell 3
LIGAND PHARMACEUTICALS INC
Nancy Ryan Gray
director
$1.4M
6,571 shares
-56%
43Moderate
LGNDsell 3
LIGAND PHARMACEUTICALS INC
John L Lamattina
director
$859k
4,179 shares
-13%
19Weak
LGNDsell 310b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$89k
467 shares
-1%
12Weak
LGNDsell 210b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$84k
467 shares
-1%
53Moderate
LGNDsell 2
LIGAND PHARMACEUTICALS INC
Jason Aryeh
director
$1.7M
10,000 shares
-13%
3Weak
LGNDsell10b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$76k
467 shares
-1%

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.

Octavio Espinoza sold $340k of LGND | InsiderTell