Galecto (GLTO) Chief Operating Officer files Form 3 showing no owned shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Galecto, Inc. filed an initial insider ownership report for its Chief Operating Officer. The Form 3 identifies Sherwin Sattarzadeh as the company’s Chief Operating Officer and a reporting person under insider ownership rules. The filing states in the remarks that no securities are beneficially owned, meaning the officer reported holding no Galecto, Inc. common stock or derivative securities at the time of this initial statement.
Positive
- None.
Negative
- None.
FAQ
What does Galecto, Inc. (GLTO) disclose in this Form 3 filing?
The Form 3 shows that Sherwin Sattarzadeh, the Chief Operating Officer of Galecto, Inc., is a reporting person for insider ownership purposes and that no securities are beneficially owned.
Who is the reporting person in Galecto (GLTO)'s Form 3?
The reporting person is Sherwin Sattarzadeh, who is identified as the Chief Operating Officer of Galecto, Inc.
What type of securities are covered in this Galecto (GLTO) Form 3?
The form includes sections for non-derivative securities and derivative securities, but both are effectively empty because no securities are reported as beneficially owned.
Why is a Form 3 filed for Galecto (GLTO)'s Chief Operating Officer?
A Form 3 is required when someone becomes an officer, director, or significant shareholder. This filing records Sherwin Sattarzadeh’s status as Chief Operating Officer, even though no securities are reported as owned.