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sellModerate cluster of 4

Stephen L Sabba sold $208k of LGND

director at LIGAND PHARMACEUTICALS INC. 1,000 shares at an average of $207.87, traded Mar 23, 2026, filed Mar 25, 2026.

Warning score
42
Value
$208k
1,000 shares
Holdings after
32,793
-3% from before
From 52-week low
+107%
low $96.67, close $200.36
From 52-week high
-9%
high $221.24, as of Mar 23, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $208k at market
    +12
  • Share of holdings sold
    Sold 3.0% of holdings
    0
  • Cluster
    4 insiders selling within 14 days
    +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.

This signal so far: 1m +13.1%, 3m +39.3%, 6m +45.9%.

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 Mar 25, 2026: +52.1%SPY +19.1% · excess +33.0%

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 0001104659-26-034308, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 23, 2026SOpen-market sale
Common Stock
-1,000$207.87$208k32,793Mar 25, 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%
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%

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 $208k of LGND | InsiderTell