LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 3,605 Value ($000) $682 Avg Close $192.14 Range $175.56 - $212.49

Q3 2025

Shares 3,883 Value ($000) $688 Avg Close $148.66 Range $111.72 - $177.81

Q2 2025

Shares 3,883 Value ($000) $441 Avg Close $106.88 Range $93.58 - $118.58

Q1 2025

Shares 3,162 Value ($000) $332 Avg Close $113.09 Range $102.79 - $125.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,605	$682	$192.14	$175.56 - $212.49
Q3 2025	3,883	$688	$148.66	$111.72 - $177.81
Q2 2025	3,883	$441	$106.88	$93.58 - $118.58
Q1 2025	3,162	$332	$113.09	$102.79 - $125.17