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sellWeak cluster of 5

Stephen L Sabba sold $410k of LGND

director at LIGAND PHARMACEUTICALS INC. 2,034 shares at an average of $201.50, traded Mar 3, 2026, filed Mar 5, 2026.

Warning score
31
Value
$410k
2,034 shares
Holdings after
33,793
-6% from before
From 52-week low
+111%
low $96.67, close $204.24
From 52-week high
-2%
high $209.29, as of Mar 3, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $410k at market
    +16
  • Share of holdings sold
    Sold 5.7% of holdings
    0
  • Cluster
    5 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

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 Mar 5, 2026: +46.3%SPY +15.2% · excess +31.1%

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 0001104659-26-023943, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 3, 2026MOption exercise
Common Stock
+2,034$69.51$141k35,827Mar 5, 2026
Mar 3, 2026SOpen-market sale
Common Stock
-2,034$201.50$410k33,793Mar 5, 2026
Mar 3, 2026MOption exercise
Non- Qualified Stock Option (right to buy)derivative
-2,034$0.00$00Mar 5, 2026

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%
32Weak
LGNDsell 5
LIGAND PHARMACEUTICALS INC
John L Lamattina
director
$434k
2,161 shares
-7%
35Weak
LGNDsell 2
LIGAND PHARMACEUTICALS INC
Stephen L Sabba
director
$208k
1,000 shares
-3%
28Weak
LGNDsell 510b5-1
LIGAND PHARMACEUTICALS INC
Octavio Espinoza
Chief Financial Officer
$688k
3,057 shares
-13%
37Weak
LGNDsell 510b5-1
LIGAND PHARMACEUTICALS INC
Octavio Espinoza
Chief Financial Officer
$2.8M
13,423 shares
-38%
25Weak
LGNDsell 510b5-1
LIGAND PHARMACEUTICALS INC
Andrew Reardon
CLO & Secretary
$1.0M
5,000 shares
-12%
20Weak
LGNDsell 510b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$94k
467 shares
-1%
4Weak
LGNDsell10b5-1
LIGAND PHARMACEUTICALS INC
John W Kozarich
director
$91k
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.

Stephen L Sabba sold $410k of LGND | InsiderTell