Lori Firmani - Aug 12, 2024 Form 3 Insider Report for Galecto, Inc. (GLTO)

Role
Interim CFO
Signature
/s/ Lori Firmani
Stock symbol
GLTO
Transactions as of
Aug 12, 2024
Transactions value $
$0
Form type
3
Date filed
8/16/2024, 04:00 PM
Next filing
Oct 11, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GLTO Stock Option (right to buy) Aug 12, 2024 Common Stock 40K $13.00 Direct F1
holding GLTO Stock Option (right to buy) Aug 12, 2024 Common Stock 37.5K $3.24 Direct F2
holding GLTO Stock Option (right to buy) Aug 12, 2024 Common Stock 45K $1.21 Direct F3
holding GLTO Restricted Stock Units Aug 12, 2024 Common Stock 55K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to such option vested and became exercisable on November 23, 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.
F2 25% of the shares subject to such option vested and became exercisable on January 4, 2023 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.
F3 25% of the shares subject to such option vested and became exercisable on January 4, 2024 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 Each restricted stock unit represents the right to receive, at settlement, one share of common stock of Galecto, Inc. One-third of the restricted stock units subject to the award will vest on January 3, 2025 and the remaining restricted stock units will vest ratably every six months thereafter, assuming continued employment through the applicable vesting date.