4//SEC Filing
Schambye Hans T. 4
Accession 0000899243-20-030412
CIK 0001800315other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 8:00 PM ET
Size
13.3 KB
Accession
0000899243-20-030412
Insider Transaction Report
Form 4
Galecto, Inc.GLTO
Schambye Hans T.
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2020-06-24+207,976→ 207,976 totalExercise: $1.95Exp: 2030-06-24→ Common Stock (207,976 underlying) - Award
Stock Option (right to buy)
2020-10-07+519,940→ 519,940 totalExercise: $7.70Exp: 2030-10-06→ Common Stock (519,940 underlying) - Conversion
Common Stock
2020-11-02+13,931→ 39,928 total - Conversion
Series C-1 Preferred Stock
2020-11-02−5,359→ 0 total→ Common Stock (13,931 underlying)
Footnotes (5)
- [F1]The Series C-1 Preferred Stock was convertible at any time at the holder's election and automatically upon the closing of the Issuer's initial public offering. The Series C-1 Preferred Stock converted into Common Stock at a ratio of 2.59970:1 upon the closing of the Issuer's initial public offering without payment of additional consideration. The Series C-1 Preferred Stock had no expiration date.
- [F2]On October 20, 2020, the Issuer completed a 2.59970-for-1 stock split of the Issuer's Common Stock ("Stock Split"). This amount has been adjusted to give effect to the Stock Split.
- [F3]25% of the shares subject to such option vested and became exercisable on October 22, 2019 and the remainder of the shares vest in substantially equal monthly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.
- [F4]25% of the shares subject to such option vest and become exercisable on September 27, 2021 and the remainder of the shares vest in substantially equal monthly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.
- [F5]This transaction occurred prior to the Issuer's initial public offering and is being reported on Form 4 solely for purposes of compliance with Rule 16a-2(a) under the Securities Exchange Act of 1934, as amended. The securities covered by such transaction were previously included on the Reporting Person's Form 3.
Documents
Issuer
Galecto, Inc.
CIK 0001800315
Entity typeother
Related Parties
1- filerCIK 0001825776
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 8:00 PM ET
- Size
- 13.3 KB