Jack W. Callicutt - 23 Dec 2024 Form 4 Insider Report for GALECTIN THERAPEUTICS INC (GALT)

Signature
Jack W. Callicutt
Issuer symbol
GALT
Transactions as of
23 Dec 2024
Net transactions value
-$35,492
Form type
4
Filing time
26 Dec 2024, 08:18:04 UTC
Previous filing
07 Feb 2024
Next filing
27 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GALT Common Stock Options Exercise $0 +40,000 +525% $0.000000 47,614 23 Dec 2024 Direct F1
transaction GALT Common Stock Sale $35,492 -40,000 -84% $0.8873 7,614 23 Dec 2024 Direct F2, F4

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 Restricted Stock Units Options Exercise $0 +40,000 $0.000000 0 23 Dec 2024 Common Stock 40,000 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares of common stock acquired for no additional consideration resulting from vesting of Restricted Stock units.
F2 Shares of common stock sold pursuant to previously disclosed 10b5-1 plan.
F3 Restricted Stock Units disposed upon conversion into shares of common stock pursuant to vesting on December 20, 2024.
F4 Multiple transactions ranging from $0.92 t0 $0.85 with an average price of $0.8873.