4//SEC Filing
Schambye Hans T. 4
Accession 0000950170-25-002811
CIK 0001800315other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 4:00 PM ET
Size
11.2 KB
Accession
0000950170-25-002811
Insider Transaction Report
Form 4
Galecto, Inc.GLTO
Schambye Hans T.
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2025-01-03$5.60/sh−1,341$7,510→ 3,397 total - Award
Stock Option (right to buy)
2025-01-03+16,400→ 16,400 totalExercise: $5.70Exp: 2035-01-03→ Common Stock (16,400 underlying) - Exercise/Conversion
Common Stock
2025-01-03+2,640→ 4,738 total - Exercise/Conversion
Restricted Stock Units
2025-01-03−2,640→ 5,360 total→ Common Stock (2,640 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock of the Issuer. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
- [F2]Shares sold to cover tax obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its 2020 Equity Incentive Plan and does not represent a discretionary trade by the Reporting Person.
- [F3]This award was granted on January 3, 2024. One-third of the RSUs subject to the award vested on January 3, 2025 and one-sixth of the RSUs subject to the award award will vest ratably every six months thereafter, assuming continued employment through the applicable vesting date.
- [F4]25% of the shares subject to such option will vest and become exercisable on January 3, 2026 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.
Documents
Issuer
Galecto, Inc.
CIK 0001800315
Entity typeother
Related Parties
1- filerCIK 0001825776
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 4:00 PM ET
- Size
- 11.2 KB