REARDON ANDREW (CLO & Secretary) sold 10.7% of their position (5K shares) of LIGAND PHARMACEUTICALS INC on the open market

Open‑market sale worth $1.44M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 10 sales

REARDON ANDREW

Filed: 8/4/2026ACC: 0002001011-26-000111

InsiderREARDON ANDREWCIK 1950232

→

IssuerLIGAND PHARMACEUTICALS INCCIK 886163

Officer· CLO & Secretary

Since Mar 2026

-5K

Net shares

Net seller

$1.44M

Total sold

Open market trades

0B · 10S

Total transactions

5K acquired · 10K disposed

Non-Derivative Transactions11

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$52.27

Trade value

$261.35K

% of position

12.0%

8/3/2026

41.51K→46.51K

Common Stock

Direct

S · Sale

−105.00

Price / share

$284.14

Trade value

$29.83K

% of position

0.2%

8/3/2026

46.51K→46.41K

Common Stock

Direct

S · Sale

−33.00

Price / share

$284.55

Trade value

$9.39K

% of position

0.1%

8/3/2026

46.41K→46.38K

Common Stock

Direct

S · Sale

−157.00

Price / share

$285.74

Trade value

$44.86K

% of position

0.3%

8/3/2026

46.38K→46.22K

Common Stock

Direct

S · Sale

−1.03K

Price / share

$286.80

Trade value

$295.97K

% of position

2.2%

8/3/2026

46.22K→45.19K

Common Stock

Direct

S · Sale

−1.21K

Price / share

$287.77

Trade value

$349.36K

% of position

2.7%

8/3/2026

45.19K→43.97K

Common Stock

Direct

S · Sale

−356.00

Price / share

$288.75

Trade value

$102.79K

% of position

0.8%

8/3/2026

43.97K→43.62K

Common Stock

Direct

S · Sale

−503.00

Price / share

$289.80

Trade value

$145.77K

% of position

1.2%

8/3/2026

43.62K→43.11K

Common Stock

Direct

S · Sale

−200.00

Price / share

$290.60

Trade value

$58.12K

% of position

0.5%

8/3/2026

43.11K→42.91K

Common Stock

Direct

S · Sale

−991.00

Price / share

$291.71

Trade value

$289.09K

% of position

2.3%

8/3/2026

42.91K→41.92K

Common Stock

Direct

S · Sale

−409.00

Price / share

$292.82

Trade value

$119.76K

% of position

1.0%

8/3/2026

41.92K→41.51K

Total

Net shares

+0.00

Net value

-$1.18M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	8/3/2026	M · Option Exercise	+5K	$52.27	$261.35K	12.0%	41.51K	46.51K
Common Stock Direct	8/3/2026	S · Sale	−105.00	$284.14	$29.83K	0.2%	46.51K	46.41K
Common Stock Direct	8/3/2026	S · Sale	−33.00	$284.55	$9.39K	0.1%	46.41K	46.38K
Common Stock Direct	8/3/2026	S · Sale	−157.00	$285.74	$44.86K	0.3%	46.38K	46.22K
Common Stock Direct	8/3/2026	S · Sale	−1.03K	$286.80	$295.97K	2.2%	46.22K	45.19K
Common Stock Direct	8/3/2026	S · Sale	−1.21K	$287.77	$349.36K	2.7%	45.19K	43.97K
Common Stock Direct	8/3/2026	S · Sale	−356.00	$288.75	$102.79K	0.8%	43.97K	43.62K
Common Stock Direct	8/3/2026	S · Sale	−503.00	$289.80	$145.77K	1.2%	43.62K	43.11K
Common Stock Direct	8/3/2026	S · Sale	−200.00	$290.60	$58.12K	0.5%	43.11K	42.91K
Common Stock Direct	8/3/2026	S · Sale	−991.00	$291.71	$289.09K	2.3%	42.91K	41.92K
Common Stock Direct	8/3/2026	S · Sale	−409.00	$292.82	$119.76K	1.0%	41.92K	41.51K
Total			+0.00		-$1.18M

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

29.44K

Exercisable

—

8/3/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Stock5K shares	8/3/2026	M · Option Exercise	−5K	52.27	—	29.44K