Fairmount Funds Management LLC - 09 Feb 2026 Form 4 Insider Report for Galecto, Inc. (GLTO)

Signature
/s/ Tomas Kiselak, Managing Member of Fairmount Funds Management LLC
Issuer symbol
GLTO
Transactions as of
09 Feb 2026
Net transactions value
$0
Form type
4
Filing time
12 Feb 2026, 06:03:41 UTC
Previous filing
22 Jan 2026

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
Fairmount Funds Management LLC Director, 10%+ Owner 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Tomas Kiselak, Managing Member of Fairmount Funds Management LLC 12 Feb 2026 0001802528
Fairmount Healthcare Fund II L.P. 10%+ Owner 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Tomas Kiselak, Managing Member of Fairmount Healthcare Fund II L.P. 12 Feb 2026 0001769651
Fairmount Healthcare Co-Invest V L.P. 10%+ Owner 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Tomas Kiselak, Managing Member of Fairmount Healthcare Co-Invest V L.P. 12 Feb 2026 0002091559
Kiselak Tomas 10%+ Owner 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Tomas Kiselak 12 Feb 2026 0001830177
Harwin Peter Evan Director, 10%+ Owner 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Peter Harwin 12 Feb 2026 0001663607

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLTO Common Stock Options Exercise $0 +5,809,000 $0.000000 5,809,000 09 Feb 2026 By Fairmount Healthcare Fund II L.P. F1, F2, F3
transaction GLTO Common Stock Options Exercise $0 +2,904,000 $0.000000 2,904,000 09 Feb 2026 By Fairmount Healthcare Co-Invest V L.P. F1, F2, F3

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 GLTO Series C Preferred Stock Options Exercise $0 -5,809 -83% $0.000000 1,148 09 Feb 2026 Common Stock 5,809,000 By Fairmount Healthcare Fund II L.P. F1, F2, F3, F4
transaction GLTO Series C Preferred Stock Options Exercise $0 -2,904 -83% $0.000000 574 09 Feb 2026 Common Stock 2,904,000 By Fairmount Healthcare Co-Invest V L.P. F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 9, 2026, the Issuer's stockholders approved the issuance of Common Stock upon conversion of the Issuer's Series C Non-Voting Convertible Preferred Stock, par value $0.00001 per share ("Series C Preferred Stock") (the "Requisite Stockholder Approval"). Accordingly, pursuant to the terms of the Certificate of Designations of Preferences, Rights and Limitations of Series C Non-Voting Convertible Preferred Stock, 5,809 shares of Series C Preferred Stock held by Fairmount Healthcare Fund II LP ("Fund II") and 2,904 shares of Series C Preferred Stock held by Fairmount Healthcare Co-Invest V L.P. ("Co-Invest") were converted into 5,809,000 shares of Common Stock and 2,904,000 shares of Common Stock, respectively. The securities of the Issuer held by the Reporting Persons, including the shares of Common Stock received upon conversion of the Series C Preferred Stock, are subject to the terms a lock-up agreement entered into with the underwriters for the Issuer's public offering,
F2 (Continued from footnote 1) pursuant to which certain of the Reporting Persons agreed, subject to certain exceptions, not to directly or indirectly sell or otherwise transfer securities of the Issuer for a period of 60 days following the date of the final prospectus supplement relating to the public offering, which was February 10, 2026.
F3 Fairmount Funds Management LLC ("Fairmount") is the investment manager for Fund II and Co-Invest. Peter Harwin and Tomas Kiselak are the managers of Fairmount. Fairmount, Mr. Harwin, and Mr. Kiselak disclaim beneficial ownership of any of the reported securities, except to the extent of their pecuniary interest therein.
F4 Following receipt of the Requisite Stockholder Approval, each share of Series C Preferred Stock automatically converted into 1,000 shares of Common Stock, subject to certain beneficial ownership limitations. The Series C Preferred Stock has no expiration date. Fairmount may not convert such shares if Fairmount, together with its affiliates, would beneficially own more than 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion.

Remarks:

Fairmount, Fund II and Co-Invest may each be deemed a director by deputization of the Issuer by virtue of the fact that Peter Harwin serves on the board of directors of the Issuer and is a manager of Fairmount.