REARDON ANDREW (CLO & Secretary) sold 10.8% of their position (5K shares) of LIGAND PHARMACEUTICALS INC on the open market

Open‑market sale worth $1.14M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 7 sales

REARDON ANDREW

Filed: 6/2/2026ACC: 0002001011-26-000083

InsiderREARDON ANDREWCIK 1950232

→

IssuerLIGAND PHARMACEUTICALS INCCIK 886163

Officer· CLO & Secretary

Since Mar 2026

-5K

Net shares

Net seller

$1.14M

Total sold

Open market trades

0B · 7S

Total transactions

5K acquired · 10K disposed

Non-Derivative Transactions8

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$52.27

Trade value

$261.35K

% of position

12.1%

6/1/2026

41.38K→46.38K

Common Stock

Direct

S · Sale

−491.00

Price / share

$223.95

Trade value

$109.96K

% of position

1.1%

6/1/2026

46.38K→45.89K

Common Stock

Direct

S · Sale

−677.00

Price / share

$225.20

Trade value

$152.46K

% of position

1.5%

6/1/2026

45.89K→45.21K

Common Stock

Direct

S · Sale

−1.43K

Price / share

$225.97

Trade value

$323.59K

% of position

3.2%

6/1/2026

45.21K→43.78K

Common Stock

Direct

S · Sale

−400.00

Price / share

$226.78

Trade value

$90.71K

% of position

0.9%

6/1/2026

43.78K→43.38K

Common Stock

Direct

S · Sale

−584.00

Price / share

$228.57

Trade value

$133.49K

% of position

1.3%

6/1/2026

43.38K→42.80K

Common Stock

Direct

S · Sale

−1.22K

Price / share

$229.47

Trade value

$279.03K

% of position

2.8%

6/1/2026

42.80K→41.58K

Common Stock

Direct

S · Sale

−200.00

Price / share

$230.41

Trade value

$46.08K

% of position

0.5%

6/1/2026

41.58K→41.38K

Total

Net shares

+0.00

Net value

-$873.97K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	6/1/2026	M · Option Exercise	+5K	$52.27	$261.35K	12.1%	41.38K	46.38K
Common Stock Direct	6/1/2026	S · Sale	−491.00	$223.95	$109.96K	1.1%	46.38K	45.89K
Common Stock Direct	6/1/2026	S · Sale	−677.00	$225.20	$152.46K	1.5%	45.89K	45.21K
Common Stock Direct	6/1/2026	S · Sale	−1.43K	$225.97	$323.59K	3.2%	45.21K	43.78K
Common Stock Direct	6/1/2026	S · Sale	−400.00	$226.78	$90.71K	0.9%	43.78K	43.38K
Common Stock Direct	6/1/2026	S · Sale	−584.00	$228.57	$133.49K	1.3%	43.38K	42.80K
Common Stock Direct	6/1/2026	S · Sale	−1.22K	$229.47	$279.03K	2.8%	42.80K	41.58K
Common Stock Direct	6/1/2026	S · Sale	−200.00	$230.41	$46.08K	0.5%	41.58K	41.38K
Total			+0.00		-$873.97K

Derivative Transactions1

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

52.27

Held after

39.44K

Exercisable

—

6/1/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Stock5K shares	6/1/2026	M · Option Exercise	−5K	52.27	—	39.44K