[Form 4] Galecto, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Galecto, Inc. (GLTO) – Form 4 insider transaction

Interim CFO Lori Firmani settled 374 restricted stock units (RSUs) on 07/03/2025, receiving an equivalent number of common shares. To satisfy withholding taxes associated with the vesting, 147 shares were automatically sold at $3.39 per share under the company’s 2020 Equity Incentive Plan, a non-discretionary sale required by plan rules. After the transactions, Firmani directly holds 692 common shares and 1,100 unvested/settled RSUs. The filing reflects routine equity compensation activity and does not signal a strategic change in insider ownership.

Insights

Securities Analyst

TL;DR: Routine RSU vesting with minor tax sale; negligible impact on GLTO valuation.

The Form 4 shows an automatic RSU settlement and tax-related sale by Interim CFO Lori Firmani. The net disposition is just 147 shares (<0.1% of shares outstanding), executed at $3.39 per share. Because the sale was mandated by the incentive plan, it provides little insight into management’s sentiment. Post-transaction ownership increases modestly through the vested shares while maintaining a sizable RSU balance (1,100 units) that further aligns the executive’s incentives with shareholders. Overall, the event is administratively important for compliance but not financially material to investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Schambye Hans T.

(Last) (First) (Middle)

OLE MAALOES VEJ 3

C/O GALECTO, INC.

(Street)

COPENHAGEN N G7 G7 DK-2200

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Galecto, Inc. [ GLTO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		M		1,360	A	(1)	4,757	D
Common Stock	07/03/2025		S(2)		735	D	$3.38	4,022	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/03/2025		M			1,360	(3)	(3)	Common Stock	1,360	$0	4,000	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock of the Issuer. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.

2. Shares sold to cover tax obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its 2020 Equity Incentive Plan and does not represent a discretionary trade by the Reporting Person.

3. This award was granted on January 3, 2024. One-third of the RSUs subject to the award vested on January 3, 2025 and one-sixth of the RSUs subject to the award award will vest ratably every six months thereafter, assuming continued employment through the applicable vesting date.

	/s/ Lori Firmani, attorney-in-fact	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many GLTO shares did the Interim CFO acquire and sell?

Lori Firmani acquired 374 shares through RSU settlement and automatically sold 147 shares to cover taxes.

What price were the GLTO shares sold for in the Form 4 filing?

The tax-related sale was executed at $3.39 per share.

How many GLTO shares does the CFO now directly own?

After the reported transactions, Firmani directly owns 692 common shares.

Does the Form 4 indicate discretionary insider selling?

No. The sale was mandated under the 2020 Equity Incentive Plan to cover withholding taxes, not a discretionary trade.

How many restricted stock units remain outstanding for the CFO?

Firmani still holds 1,100 RSUs that will vest in future periods, subject to continued employment.