Sattarzadeh Sherwin 4
4 · Galecto, Inc. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Galecto (GLTO) COO Sherwin Sattarzadeh Receives RSUs & Option Grant
What Happened
Sherwin Sattarzadeh, Chief Operating Officer of Galecto, received equity awards on January 5, 2026: 190,376 restricted stock units (RSUs) and a derivative option covering 444,209 shares. Both grants were reported at an acquisition price of $0.00 (awards/compensation), so no cash consideration was paid at grant.
Key Details
- Transaction date(s): January 5, 2026 (reported on Form 4 filed January 26, 2026). The filing was outside the typical 2-business-day reporting window.
- Prices/values: Both awards reported at $0.00 per share (typical for compensation grants).
- Vesting / footnotes:
- RSUs (190,376): each RSU converts to one share; vest 25% on each anniversary of the grant through the fourth anniversary, subject to continued service. (Footnote F1)
- Option/derivative (444,209): option to purchase shares; vests 25% on Jan 5, 2027 and then in equal monthly installments through Jan 5, 2030, subject to continued service. (Footnote F2)
- Shares owned after transaction: Not disclosed in the filing.
- Filing timeliness: Reported Jan 26 for a Jan 5 grant — outside the normal 2-business-day Form 4 window (the filing indicates a late report).
Context
These were compensation awards (RSUs and a stock option grant), not open-market purchases or sales. RSUs convert to common shares only as they vest; the option grants a future right to buy shares according to the vesting schedule. There is no indication of an immediate exercise or sale. Compensation grants are common for executives and reflect company pay practices rather than direct buy/sell market sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-05+190,376→ 190,376 total - Award
Stock Option (right to buy)
[F2]2026-01-05+444,209→ 444,209 totalExercise: $21.82Exp: 2036-01-05→ Common Stock (444,209 underlying)
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents the right to receive, at settlement, one share of common stock of the Issuer. The RSUs will vest with respect to 25% on each anniversary of the grant date through the fourth anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
- [F2]This option represents a right to purchase shares of common stock of the Issuer. This option will vest as to 25% on January 5, 2027 and in equal monthly installments thereafter through January 5, 2030, subject to the Reporting Person's continued service to the Issuer on each such vesting date.