Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | GALT | Common Stock Option (right to buy) | Aug 2, 2024 | Common Stock | 150K | $2.20 | Direct | F1, F2 | ||||||
holding | GALT | Restricted Stock Unit | Aug 2, 2024 | Common Stock | 30K | $0.00 | Direct | F3, F4 |
Id | Content |
---|---|
F1 | The Common Stock Options were granted to the Reporting Person by the Issuer in connection with his employment as vice president clinical development and medical director in March 2024 prior to his appointment as Chief Medical Officer by the Board of Directors. The options are exercisable in three equal traches on March 11, 2025, March 11, 2026, and March 11, 2027. |
F2 | The stock options were issued pursuant to the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan. |
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. |