Jack W. Callicutt - 24 Jan 2024 Form 4 Insider Report for GALECTIN THERAPEUTICS INC (GALT)

Role
Chief Financial Officer
Signature
Jack W. Callicutt
Issuer symbol
GALT
Transactions as of
24 Jan 2024
Net transactions value
$0
Form type
4
Filing time
07 Feb 2024, 16:44:42 UTC
Previous filing
30 Jan 2023
Next filing
26 Dec 2024
SEC
View on sec.gov

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
transaction GALT Stock Option (right to buy) Award $0 +65,000 $0.000000 65,000 24 Jan 2024 Common Stock 65,000 $1.72 Direct F1, F2
transaction GALT Restricted Stock Unit Award $0 +40,000 $0.000000 40,000 24 Jan 2024 Common Stock 40,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were issued pursuant to the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan.
F2 The options vest as follows: 25% on each of June 30, 2024; December 31, 2024; June 30, 2025; and December 31, 2025.
F3 Restricted Stock Units vest 100% upon public announcement of Interim Analysis data from NAVIGATE clinical trial if such announcement is made on or before December 31, 2024 or they will expire unvested.
F4 The Restricted Stock Units, if vested, convert into Common Stock on a one for one basis.