Ligand (LGND) Director Martine Zimmermann Sells 115 Shares to Cover Taxes

What Happened Martine Zimmermann, a director of Ligand Pharmaceuticals (LGND), had 115 shares withheld by the company to satisfy tax withholding related to the settlement of restricted stock units. The shares were recorded at $298.50 each, totaling $34,328. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-09-22
• Transaction type/code: Tax withholding (F) to cover tax liability arising from RSU settlement
• Shares withheld/disposed: 115 shares
• Price per share: $298.50
• Reported value: $34,328
• Footnote: F1 — shares withheld by the issuer to pay tax liability from RSU settlement
• Filing date: 2026-09-24 (filed within the typical 2-business-day Form 4 window)
• Shares owned after transaction: not specified in the provided filing

Context Tax-withholding dispositions are a common administrative step when restricted stock units vest; the issuer withholds and cancels shares to satisfy the insider's tax obligation. These transactions are routine and generally do not signal the insider’s view on the company’s stock price.