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

Signature
Jack W. Callicutt
Stock symbol
GALT
Transactions as of
Dec 23, 2024
Transactions value $
-$35,492
Form type
4
Date filed
12/26/2024, 08:18 AM
Previous filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GALT Common Stock Options Exercise $0 +40K +525.35% $0.00 47.6K Dec 23, 2024 Direct F1
transaction GALT Common Stock Sale -$35.5K -40K -84.01% $0.89 7.61K Dec 23, 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 +40K $0.00 0 Dec 23, 2024 Common Stock 40K $0.00 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.