Galectin (GALT) director awarded 60,000 stock options at $3.04 strike
Rhea-AI Filing Summary
Galectin Therapeutics Inc. director Richard A. Zordani Jr. reported a grant of stock options on common shares. On January 16, 2026, he received 60,000 stock options with an exercise price of $3.04 per share, issued under the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan.
The options vest 100% on December 31, 2026, meaning they become fully exercisable on that date. Following this grant, Zordani beneficially owns 60,000 derivative securities directly in the form of these options, providing potential future ownership of the same number of Galectin common shares if exercised.
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FAQ
What insider transaction did Galectin Therapeutics (GALT) report?
Galectin Therapeutics reported that director Richard A. Zordani Jr. was granted 60,000 stock options on January 16, 2026, as disclosed in a Form 4.
What are the key terms of the 60,000 stock options granted to the Galectin (GALT) director?
The options are a stock option (right to buy) Galectin common stock at an exercise price of $3.04 per share, with a total of 60,000 options granted.
When do the Galectin Therapeutics (GALT) options granted to Richard A. Zordani Jr. vest?
The filing states that the 60,000 stock options vest 100% on December 31, 2026, at which point they become fully exercisable.
Under which plan were the Galectin Therapeutics (GALT) options issued?
The Form 4 states that the stock options were issued under the Galectin Therapeutics, Inc. 2019 Omnibus Equity Incentive Plan.
How many Galectin (GALT) derivative securities does the director own after this transaction?
After the reported grant, Richard A. Zordani Jr. beneficially owns 60,000 derivative securities, all held directly in the form of these stock options.
Is the reported Galectin Therapeutics (GALT) Form 4 transaction a purchase or a grant?
The transaction code is A, and the description shows a grant of stock options at a price of $0 per option, indicating an award rather than an open-market purchase.