Joel Lewis - Dec 23, 2024 Form 4 Insider Report for GALECTIN THERAPEUTICS INC (GALT)

Signature
Jack W. Callicutt, by power of attorney
Stock symbol
GALT
Transactions as of
Dec 23, 2024
Transactions value $
-$49,610
Form type
4
Date filed
12/26/2024, 08:18 AM
Previous filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GALT Common Stock Options Exercise $0 +56K +6.24% $0.00 953K Dec 23, 2024 Direct F1
transaction GALT Common Stock Sale -$49.6K -56K -5.88% $0.89 897K Dec 23, 2024 Direct F2, F5
holding GALT Common Stock 2K Dec 23, 2024 as UTMA custodian for a minor child 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 +56K $0.00 0 Dec 23, 2024 Common Stock 56K $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 These shares are held of record by the Reporting Person as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purpose of Section 16 or for any other purpose.
F5 Multiple transactions ranging from $0.92 to $0.85 with an average of $0.8859.