Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

Ligand Pharmaceuticals (LGND)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,472,095
Todd Davis total, FY2025
73rd
CEO pay percentile vs peers
28:1
CEO-to-median pay ratio
94.17%
Say-on-pay support, latest vote
Companies that benchmark against LGND
6 companies name LGND as a compensation peer

Each company listed discloses LGND in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LGND in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Todd Davis$724,500$0$5,520,493$4,441,120$764,400$0$21,582$11,472,095
Chief Executive Officer
Octavio Espinoza522,82501,932,2191,554,411357,750014,9434,382,148
Chief Financial Officer
Andrew Reardon476,67501,656,1711,332,345268,800013,2913,747,282
Chief Legal Officer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Todd Davis$11,472,095$12,914,980$6,216,518−1,442,885
Octavio Espinoza4,382,1483,298,5562,450,631+1,083,592
Andrew Reardon3,747,2823,270,9562,337,081+476,326

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Andrew ReardonCLO & Secretary2026-05-01D1,420$233$330,749CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D5,00000Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01A5,00052261,350CommonForm 4 ↗
John W. KozarichDirector2026-05-01D1,575224352,013CommonForm 4 ↗
John W. KozarichDirector2026-05-01D10523324,420CommonForm 4 ↗
John W. KozarichDirector2026-05-01D16523238,258CommonForm 4 ↗
Dividend-equivalent accruals2026-05-012,0341 insider, 2 accrual rows
Andrew ReardonCLO & Secretary2026-05-01D932229213,198CommonForm 4 ↗
John W. KozarichDirector2026-05-01D11623427,154CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D600227136,470CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D9823022,511CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D37023185,422CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D780232180,991CommonForm 4 ↗
John W. KozarichDirector2026-05-01A1,57570109,478CommonForm 4 ↗
John W. KozarichDirector2026-05-01D8022718,189CommonForm 4 ↗
John W. KozarichDirector2026-05-01D1230230CommonForm 4 ↗
John W. KozarichDirector2026-05-01A4597031,905CommonForm 4 ↗
John W. KozarichDirector2026-05-01D459224102,816CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D800234187,214CommonForm 4 ↗
Dividend-equivalent accruals2026-05-271,7361 insider, 2 accrual rows
Octavio EspinozaChief Financial Officer2026-05-27A9725351,360CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-05-27A7646448,606CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D40022790,712CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01A5,00052261,350CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D1,216229279,033CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D1,432226323,585CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D20023046,082CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D491224109,958CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D5,00000Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D677225152,459CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D584229133,487CommonForm 4 ↗
Jason M. AryehDirector2026-06-05D500250125,000CommonForm 4 ↗
Nancy R. GrayDirector2026-06-05A83600CommonForm 4 ↗
Jason M. AryehDirector2026-06-05D4,5002501,125,000CommonForm 4 ↗
Jason M. AryehDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05A83600CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05D18223743,134CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
John L. LaMattinaDirector2026-06-05A83600CommonForm 4 ↗
John L. LaMattinaDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
John W. KozarichDirector2026-06-05A83600CommonForm 4 ↗
Jason HaasDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Nancy R. GrayDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Jason M. AryehDirector2026-06-05A83600CommonForm 4 ↗
John W. KozarichDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Jason HaasDirector2026-06-05A83600CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-05A83600CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D23224857,562CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D25724763,536CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D697250173,924CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D3,405252856,752CommonForm 4 ↗
Dividend-equivalent accruals2026-06-121,0001 insider, 1 accrual row
Jason HaasDirector2026-06-12A3,00052154,680CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,00000Derivative, Class A CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,000255765,034CommonForm 4 ↗
Jason HaasDirector2026-06-12A1,0005251,560CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,461256886,286CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16D2,145254544,830CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16D2,14500Derivative, Class A CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16A2,14566141,849CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30A5,00052261,350CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30A13216121,214CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D396309122,359CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D700313219,420CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D10031531,458CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D900316284,200CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-06-30A171612,732CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D1,081312337,573CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D5,00000Derivative, Class A CommonForm 4 ↗
Todd C. DavisDirector2026-06-30A13216121,214CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D10431032,261CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D600317190,291CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D1,119312348,815CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 76 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Andrew ReardonCLO & Secretary2026-05-01D1,420$233$330,749CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D5,00000Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01A5,00052261,350CommonForm 4 ↗
John W. KozarichDirector2026-05-01D1,575224352,013CommonForm 4 ↗
John W. KozarichDirector2026-05-01D10523324,420CommonForm 4 ↗
John W. KozarichDirector2026-05-01D16523238,258CommonForm 4 ↗
John W. KozarichDirector2026-05-01D45900Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D932229213,198CommonForm 4 ↗
John W. KozarichDirector2026-05-01D11623427,154CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D600227136,470CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D9823022,511CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D37023185,422CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D780232180,991CommonForm 4 ↗
John W. KozarichDirector2026-05-01A1,57570109,478CommonForm 4 ↗
John W. KozarichDirector2026-05-01D8022718,189CommonForm 4 ↗
John W. KozarichDirector2026-05-01D1230230CommonForm 4 ↗
John W. KozarichDirector2026-05-01A4597031,905CommonForm 4 ↗
John W. KozarichDirector2026-05-01D459224102,816CommonForm 4 ↗
John W. KozarichDirector2026-05-01D1,57500Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-05-01D800234187,214CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-05-27D76400Derivative, Class A CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-05-27A9725351,360CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-05-27D97200Derivative, Class A CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-05-27A7646448,606CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D40022790,712CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01A5,00052261,350CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D1,216229279,033CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D1,432226323,585CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D20023046,082CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D491224109,958CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D5,00000Derivative, Class A CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D677225152,459CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-01D584229133,487CommonForm 4 ↗
Jason M. AryehDirector2026-06-05D500250125,000CommonForm 4 ↗
Nancy R. GrayDirector2026-06-05A83600CommonForm 4 ↗
Jason M. AryehDirector2026-06-05D4,5002501,125,000CommonForm 4 ↗
Jason M. AryehDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05A83600CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05D18223743,134CommonForm 4 ↗
Martine ZimmermannDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
John L. LaMattinaDirector2026-06-05A83600CommonForm 4 ↗
John L. LaMattinaDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
John W. KozarichDirector2026-06-05A83600CommonForm 4 ↗
Jason HaasDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Nancy R. GrayDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Jason M. AryehDirector2026-06-05A83600CommonForm 4 ↗
John W. KozarichDirector2026-06-05A2,93800Derivative, Class A CommonForm 4 ↗
Jason HaasDirector2026-06-05A83600CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-05A83600CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D23224857,562CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D25724763,536CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D697250173,924CommonForm 4 ↗
John L. LaMattinaDirector2026-06-10D3,405252856,752CommonForm 4 ↗
Jason HaasDirector2026-06-12D1,00000Derivative, Class A CommonForm 4 ↗
Jason HaasDirector2026-06-12A3,00052154,680CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,00000Derivative, Class A CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,000255765,034CommonForm 4 ↗
Jason HaasDirector2026-06-12A1,0005251,560CommonForm 4 ↗
Jason HaasDirector2026-06-12D3,461256886,286CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16D2,145254544,830CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16D2,14500Derivative, Class A CommonForm 4 ↗
Stephen L. SabbaDirector2026-06-16A2,14566141,849CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30A5,00052261,350CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30A13216121,214CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D396309122,359CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D700313219,420CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D10031531,458CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D900316284,200CommonForm 4 ↗
Octavio EspinozaChief Financial Officer2026-06-30A171612,732CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D1,081312337,573CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D5,00000Derivative, Class A CommonForm 4 ↗
Todd C. DavisDirector2026-06-30A13216121,214CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D10431032,261CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D600317190,291CommonForm 4 ↗
Andrew ReardonCLO & Secretary2026-06-30D1,119312348,815CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew ReardonRSU2025-03-046,415$739,393
Andrew ReardonOPTION2025-03-0428,0431,332,345
Todd DavisOPTION2025-03-0493,4764,441,120
Todd DavisRSU2025-03-0421,3822,464,489
Octavio Espinoza2025-02-12238,500
Octavio EspinozaRSU2025-03-047,484862,606
Andrew ReardonPSU2025-03-047,95415,908916,778
Octavio EspinozaPSU2025-03-049,28018,5601,069,613
Octavio EspinozaOPTION2025-03-0432,7171,554,411
Todd DavisPSU2025-03-0426,51453,0283,056,004
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Reardon$739,393$916,778$1,332,34530.7%
Todd Davis2,464,4893,056,0044,441,12030.7%
Octavio Espinoza862,6061,069,6131,554,41130.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Todd DavisRSU48,674$9,202,793
Octavio EspinozaOption1,65567.03
Andrew ReardonRSU13,1092,478,519
Todd DavisRSU10,3911,964,626
Octavio EspinozaOption4,78975.09
Octavio EspinozaRSU3,695698,614
Todd DavisOption52067.03
Todd DavisOption71,35089.2
Octavio EspinozaOption15,85689.2
Todd DavisOption75,949115.26
Octavio EspinozaOption26,582115.26
Todd DavisOption13,46875.09
Octavio EspinozaOption5,00063.62
Andrew ReardonOption4,48975.09
Todd DavisRSU39,6447,495,491
Todd DavisRSU26,5145,013,002
Andrew ReardonRSU8,8101,665,707
Octavio EspinozaRSU9,2801,754,570
Octavio EspinozaRSU8,8101,665,707
Andrew ReardonRSU7,9541,503,863
Andrew ReardonOption15,85689.2
Octavio EspinozaRSU14,3042,704,457
Andrew ReardonOption12,15152.27
Todd DavisOption33,00069.7
Andrew ReardonOption22,784115.26
Andrew ReardonRSU3,464654,938
Octavio EspinozaOption97252.84
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is designed to attract, motivate and retain individuals of superior ability and managerial talent critical to its long-term success.

CEO STI target (% of salary)70%
CEO LTI target (% of salary)
Independent consultantAon (Talent Solutions practice)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0516,497,7121,021,94814,09994.17%Passed
20252025-06-0615,576,2001,183,84359,97392.94%Passed
20242024-06-1414,264,2051,253,0858,34691.92%Passed
20232023-06-0912,379,7621,698,52821,29087.94%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0594.17%a
20252025-06-0692.94%b
20242024-06-1491.92%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)28 : 1
CEO total compensation$11,472,095
Median employee compensation$403,453
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John W. KozarichIndependent · Board Chair · Nominating/Governance · Science & Technology Operations$82,039$128,142$262,888$0$473,069
Jason HaasIndependent · Audit · Human Capital Management and Compensation (Chair) · Strategic Transaction67,039128,142262,8880458,069
Stephen L. SabbaIndependent · Audit (Chair) · Strategic Transaction62,039128,142262,8880453,069
Jason M. AryehIndependent · Nominating/Governance (Chair) · Human Capital Management and Compensation · Strategic Transaction59,539128,142262,8880450,569
Nancy R. GrayIndependent · Audit · Nominating/Governance · Science & Technology Operations57,039128,142262,8880448,069
Martine ZimmermannIndependent · Audit · Science & Technology Operations53,155128,142262,8880444,185
John L. LaMattinaIndependent · Human Capital Management and Compensation · Science & Technology Operations49,539128,142262,8880440,569
Todd C. DavisEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$42,000
Annual equity retainer$375,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline5x annual retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$430,389
Equity awards (grant-date value)$896,994
All other compensation$0
Total cost of the board$1,327,383

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Ligand Pharmaceuticals names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Ligand Pharmaceuticals.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Halozyme Therapeutics2025Helen Torley$1,000,000$19,350,145$1,650,014$1,147,500$23,166,223
2Protagonist Therapeutics2025Dinesh Patel715,5005,839,2045,618,010686,88012,871,506
3CG Oncology2025Arthur Kuan690,0003,451,8847,350,515414,00011,928,401
4Ligand Pharmaceuticals2025Todd Davis724,5005,520,4934,441,120764,40011,472,095
5Akero Therapeutics2024Andrew Cheng686,0002,879,1556,489,100411,60010,465,855
6Geron2025Harout Semerjian261,66709,695,400203,00010,221,755
7IDEAYA Biosciences2025Yujiro Hata700,00008,418,840378,0009,512,640
8Structure Therapeutics2025Raymond Stevens672,0942,387,9964,846,926508,8718,429,887
9Ardelyx2025Michael Raab797,0002,953,7243,413,948627,6387,796,171
10Catalyst Pharmaceuticals2024Richard Daly750,0001,267,6015,070,83007,774,160
1189bio2024Rohan Palekar646,0001,996,0004,623,592337,5357,619,426
12Vera Therapeutics2025Marshall Fordyce660,0002,356,2853,415,725554,4006,986,410
13Day One Biopharmaceuticals2024Jeremy Bender680,0002,700,2802,664,697501,8006,560,577
14Innoviva2025Pavel Raifeld600,0002,649,9821,748,88205,400,197
15MoonLake Immunotherapeutics2025Jorge Santos da Silva762,3864,000,021004,943,209
SIGA Technologiesnot in coverage universe
Soleno Therapeuticsnot in coverage universe
ARS Pharmaceuticalsnot in coverage universe
Liquidianot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Ligand Pharmaceuticals150%Options 44 · PSU 31 · RSU 25NoAon (Talent Solutions practice)
89bio95%not disclosedNoAon
Akero Therapeutics100%not disclosednot disclosedPearl Meyer & Partners, LLC
Ardelyx105%Options 50 · RSU 50not disclosedPearl Meyer
ARS Pharmaceuticalsnot disclosednot disclosednot disclosednot disclosed
Catalyst Pharmaceuticals105%not disclosednot disclosedMercer LLC (a business of Marsh McLennan)
CG Oncology100%Options 72 · PSU 28NoPay Governance
Day One Biopharmaceuticals123%Options 50 · RSU 50not disclosedCompensia Inc.
Geron90%Options 75 · RSU 25not disclosedAon
Halozyme Therapeutics127.5%PSU 50 · RSU 35 · Option 15NoF.W. Cook & Co., Inc.
IDEAYA Biosciences90%Options 100not disclosedAon (Aon plc, Talent Solutions practice)
Innoviva105%not disclosednot disclosedMeridian
Liquidianot disclosednot disclosednot disclosednot disclosed
MoonLake Immunotherapeuticsnot disclosednot disclosednot disclosedDeloitte
Protagonist Therapeutics160%Options 50 · RSU 50not disclosedAon Human Capital Solutions
SIGA Technologiesnot disclosednot disclosednot disclosednot disclosed
Soleno Therapeuticsnot disclosednot disclosednot disclosednot disclosed
Structure Therapeutics125%Options 67 · RSU 33NoAon
Vera Therapeutics140%RSU 50 · Options 50not disclosedAlpine Rewards

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Todd DavisDEF 14A2026-04-210000886163-26-000021Section “SUMMARY COMPENSATION TABLE”. As printed: 11,472,095. Filing ↗machine: span 722741–722751
2Section 01, Octavio EspinozaDEF 14A2026-04-210000886163-26-000021Section “SUMMARY COMPENSATION TABLE”. As printed: 4,382,148. Filing ↗machine: r8 · c42 · span 731613–731622
3Section 01, Andrew ReardonDEF 14A2026-04-210000886163-26-000021Section “SUMMARY COMPENSATION TABLE”. As printed: 3,747,282. Filing ↗machine: r13 · c42 · span 740482–740491
4Section 03, Andrew Reardon RSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r16 · c29 · span 814749–814756
5Section 03, Andrew Reardon OPTIONDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r17 · c29 · span 819380–819389
6Section 03, Todd Davis OPTIONDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r7 · c29 · span 783378–783387
7Section 03, Todd Davis RSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r6 · c34 · span 779412–779421
8Section 03, Octavio Espinoza DEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r9 · c5 · span 786285–786292
9Section 03, Octavio Espinoza RSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r11 · c29 · span 797074–797081
10Section 03, Andrew Reardon PSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r15 · c35 · span 810940–810947
11Section 03, Octavio Espinoza PSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r10 · c35 · span 793263–793272
12Section 03, Octavio Espinoza OPTIONDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r12 · c29 · span 801038–801047
13Section 03, Todd Davis PSUDEF 14A2026-04-210000886163-26-000021Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r5 · c35 · span 775399–775408
14Section 07, pay ratioDEF 14A2026-04-210000886163-26-000021Section “CEO Pay Ratio”. As printed: 28 : 1. Filing ↗machine: span 1007172–1007179
15Section 08, John W. KozarichDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 473,069. Filing ↗machine: t20 · r5 · c10 · span 249541–249548
16Section 08, Jason HaasDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 458,069. Filing ↗machine: t20 · r4 · c10 · span 247680–247687
17Section 08, Stephen L. SabbaDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 453,069. Filing ↗machine: t20 · r7 · c10 · span 253263–253270
18Section 08, Jason M. AryehDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 450,569. Filing ↗machine: t20 · r2 · c14 · span 243974–243981
19Section 08, Nancy R. GrayDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 448,069. Filing ↗machine: t20 · r3 · c10 · span 245832–245839
20Section 08, Martine ZimmermannDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 444,185. Filing ↗machine: t20 · r8 · c10 · span 255487–255494
21Section 08, John L. LaMattinaDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 440,569. Filing ↗machine: t20 · r6 · c10 · span 251403–251410
22Section 08, Todd C. DavisDEF 14A2026-04-210000886163-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
23Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, John W. Kozarich 2026-05-01Form 42026-05-140002001011-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Andrew Reardon 2026-05-01Form 42026-05-040002001011-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Octavio Espinoza 2026-05-27Form 42026-05-280002001011-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Octavio Espinoza 2026-05-27Form 42026-05-280002001011-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Octavio Espinoza 2026-05-27Form 42026-05-280002001011-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Octavio Espinoza 2026-05-27Form 42026-05-280002001011-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Andrew Reardon 2026-06-01Form 42026-06-020002001011-26-000083Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Jason M. Aryeh 2026-06-05Form 42026-06-120002001011-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Nancy R. Gray 2026-06-05Form 42026-06-090002001011-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Jason M. Aryeh 2026-06-05Form 42026-06-120002001011-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Jason M. Aryeh 2026-06-05Form 42026-06-120002001011-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Martine Zimmermann 2026-06-05Form 42026-06-090002001011-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Martine Zimmermann 2026-06-05Form 42026-06-090002001011-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Martine Zimmermann 2026-06-05Form 42026-06-090002001011-26-000101Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Stephen L. Sabba 2026-06-05Form 42026-06-090002001011-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, John L. LaMattina 2026-06-05Form 42026-06-090002001011-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, John L. LaMattina 2026-06-05Form 42026-06-090002001011-26-000099Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, John W. Kozarich 2026-06-05Form 42026-06-090002001011-26-000098Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Jason Haas 2026-06-05Form 42026-06-090002001011-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Nancy R. Gray 2026-06-05Form 42026-06-090002001011-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Jason M. Aryeh 2026-06-05Form 42026-06-120002001011-26-000103Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, John W. Kozarich 2026-06-05Form 42026-06-090002001011-26-000098Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Jason Haas 2026-06-05Form 42026-06-090002001011-26-000097Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Stephen L. Sabba 2026-06-05Form 42026-06-090002001011-26-000100Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, John L. LaMattina 2026-06-10Form 42026-06-120002001011-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, John L. LaMattina 2026-06-10Form 42026-06-120002001011-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, John L. LaMattina 2026-06-10Form 42026-06-120002001011-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, John L. LaMattina 2026-06-10Form 42026-06-120002001011-26-000102Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Jason Haas 2026-06-12Form 42026-06-150002001011-26-000104Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Stephen L. Sabba 2026-06-16Form 42026-06-180001104659-26-075456Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Stephen L. Sabba 2026-06-16Form 42026-06-180001104659-26-075456Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Stephen L. Sabba 2026-06-16Form 42026-06-180001104659-26-075456Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Octavio Espinoza 2026-06-30Form 42026-07-060002001011-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Todd C. Davis 2026-06-30Form 42026-07-060002001011-26-000106Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Andrew Reardon 2026-06-30Form 42026-07-060002001011-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
99Section 06, 2026 voteForm 8-K2026-06-090000886163-26-000038Item 5.07 · say-on-pay result. As reported: 94.17% (votes for as printed: 16,497,712). Filing ↗
100Section 06, 2025 voteForm 8-K2025-06-090000886163-25-000040Item 5.07 · say-on-pay result. As reported: 92.94% (votes for as printed: 15,576,200). Filing ↗
101Section 06, 2024 voteForm 8-K2024-06-170000886163-24-000045Item 5.07 · say-on-pay result. As reported: 91.92% (votes for as printed: 14,264,205). Filing ↗
102Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
103Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
104Section 09b board cost (computed)ComputedcomputedCash 430,389 + equity 896,994 + all other 0 = 1,327,383, summed across the director compensation table rows.machine: formula: Σ = 1,327,383
105Halozyme Therapeutics, Section 10b CEO totalDEF 14A2026-03-230001159036-26-000041CEO total compensation as printed in Halozyme Therapeutics's own proxy. As printed: 23,166,223. Filing ↗machine: r3 · c48 · span 478282–478292
106Protagonist Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001104659-26-050429CEO total compensation as printed in Protagonist Therapeutics's own proxy. As printed: 12,871,506. Filing ↗machine: r1 · c47 · span 613195–613205
107CG Oncology, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177395CEO total compensation as printed in CG Oncology's own proxy. As printed: 11,928,401. Filing ↗machine: r2 · c8 · span 509631–509641
108Ligand Pharmaceuticals (subject), Section 10b CEO totalDEF 14A2026-04-210000886163-26-000021CEO total compensation as printed in Ligand Pharmaceuticals's own proxy. As printed: 11,472,095. Filing ↗machine: span 722741–722751
109Akero Therapeutics, Section 10b CEO totalDEF 14A2025-04-280000950170-25-058964CEO total compensation as printed in Akero Therapeutics's own proxy. As printed: 10,465,855. Filing ↗machine: t13 · r2 · c14 · span 492349–492359
110Geron, Section 10b CEO totalDEF 14A2026-04-070000886744-26-000024CEO total compensation as printed in Geron's own proxy. As printed: 10,221,755. Filing ↗machine: t118 · r6 · c23 · span 1062574–1062584
111IDEAYA Biosciences, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191501CEO total compensation as printed in IDEAYA Biosciences's own proxy. As printed: 9,512,640. Filing ↗machine: r2 · c14 · span 627310–627319
112Structure Therapeutics, Section 10b CEO totalDEF 14A2026-04-230001104659-26-047740CEO total compensation as printed in Structure Therapeutics's own proxy. As printed: 8,429,887. Filing ↗machine: r1 · c47 · span 552927–552936
113Ardelyx, Section 10b CEO totalDEF 14A2026-04-290001140361-26-017800CEO total compensation as printed in Ardelyx's own proxy. As printed: 7,796,171. Filing ↗machine: r2 · c25 · span 677112–677121
114Catalyst Pharmaceuticals, Section 10b CEO totalDEF 14A2025-04-110001193125-25-079097CEO total compensation as printed in Catalyst Pharmaceuticals's own proxy. As printed: 7,774,160. Filing ↗machine: r3 · c31 · span 285833–285842
11589bio, Section 10b CEO totalDEF 14A2025-04-150001193125-25-081504CEO total compensation as printed in 89bio's own proxy. As printed: 7,619,426. Filing ↗machine: span 382144–382153
116Vera Therapeutics, Section 10b CEO totalDEF 14A2026-04-090001140361-26-014002CEO total compensation as printed in Vera Therapeutics's own proxy. As printed: 6,986,410. Filing ↗machine: r2 · c24 · span 581040–581049
117Day One Biopharmaceuticals, Section 10b CEO totalDEF 14A2025-04-110001140361-25-013462CEO total compensation as printed in Day One Biopharmaceuticals's own proxy. As printed: 6,560,577. Filing ↗machine: r2 · c21 · span 526324–526333
118Innoviva, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010912CEO total compensation as printed in Innoviva's own proxy. As printed: 5,400,197. Filing ↗machine: t108 · r1 · c25 · span 555478–555487
119MoonLake Immunotherapeutics, Section 10b CEO totalDEF 14A2026-04-210001140361-26-015916CEO total compensation as printed in MoonLake Immunotherapeutics's own proxy. As printed: 4,943,209. Filing ↗machine: t83 · r2 · c24 · span 431198–431207
120Section 10a, Structure Therapeutics reciprocityDEF 14A0001104659-26-047740Structure Therapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
121Section 10a, Vera Therapeutics reciprocityDEF 14A0001140361-26-014002Vera Therapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
122Section 10a, Catalyst Pharmaceuticals reciprocityDEF 14A0001193125-25-079097Catalyst Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
123Section 10a, 89bio reciprocityDEF 14A0001193125-25-08150489bio's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
124Section 10a, CG Oncology reciprocityDEF 14A0001193125-26-177395CG Oncology's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
125Section 10a, Protagonist Therapeutics reciprocityDEF 14A0001104659-26-050429Protagonist Therapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
126Section 10a, Akero Therapeutics reciprocityDEF 14A0000950170-25-058964Akero Therapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
127Section 10a, Ardelyx reciprocityDEF 14A0001140361-26-017800Ardelyx's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
128Section 10a, MoonLake Immunotherapeutics reciprocityDEF 14A0001140361-26-015916MoonLake Immunotherapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
129Section 10a, Geron reciprocityDEF 14A0000886744-26-000024Geron's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
130Section 10a, Halozyme Therapeutics reciprocityDEF 14A0001159036-26-000041Halozyme Therapeutics's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
131Section 10a, IDEAYA Biosciences reciprocityDEF 14A0001193125-26-191501IDEAYA Biosciences's most recent proxy was read; its disclosed peer group does not include Ligand Pharmaceuticals. Filing ↗
132Section 10a, Innoviva reciprocityDEF 14A0001140361-26-010912Innoviva names Ligand Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗