Reardon Andrew

Reardon Andrew, Chief Legal Officer and Secretary at LGND, has filed 82 Form 4 transactions, all in a single company. The pattern is one-sided. His total sell value is $9,582,176.31, while his total buy value is zero. The only money moving into his position, $53,301.26, came from option exercises, which are mechanical events, not open-market purchases. The recent filings show a consistent liquidation bias. On September 3, 2026, Andrew executed five open-market sales of LGND stock, ranging from $85,195.62 to $605,649.07, for a combined $1.42 million. That followed a heavy August 3 session, where he filed 11 sales, including one for $349,356.54 and another for $295,974.30, plus a $261,350 option exercise. The July 1 filings were similar: eight sales, the largest at $348,814.68, and another $261,350 option exercise. Across the three months, the sell values cluster in the $30,000 to $600,000 range, with no single blockbuster disposition. The option exercises, both exactly $261,350, appear on the same dates as the sales, suggesting a routine of exercising and then selling. There are no gifts, no tax-withholding forfeitures, and no purchases. The direction is unambiguous: Andrew has been a steady seller of LGND stock, with 23 recent sales and zero recent buys, converting his equity position into cash on a monthly basis.