[Form 4] Galecto, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Columbia Short Duration Bond ETF (symbol SBND) submitted a Form NPORT-P, the SEC’s required monthly portfolio investments report. The filing includes all standard sections—Filer Information, Part A (registrant and series details), Part B (fund-level assets, liabilities, risk metrics, securities-lending activity, monthly returns and share flows), and related schedules. However, every quantitative field—total assets, liabilities, net assets, DV01/DV100 risk metrics, credit-spread sensitivities, securities-lending details, monthly performance, and share sales/redemptions—remains blank in the excerpt provided. Contact information, CIK, LEI and series identifiers are likewise missing. The only populated item is the “LIVE” filing status, and the fund does not mark the report as a final filing. Because the data cells are empty, the document offers no insight into SBND’s portfolio composition, risk profile, or recent performance and therefore has limited immediate analytical value for investors.

Positive

• None.

Negative

• No quantitative portfolio, risk, or performance data were disclosed, preventing investors from assessing SBND’s current financial position.
• Key identifiers (CIK, LEI, address, contact) are blank, suggesting the submission may be incomplete or a placeholder.

Insights

Financial Analyst

TL;DR: Routine NPORT-P filed, but no numbers disclosed; neutral impact pending full data.

The ETF met its regulatory obligation to transmit a monthly NPORT-P, signaling normal compliance operations. Yet the version available here is effectively a shell: asset, liability, risk and return fields are empty. Without those figures, investors cannot gauge duration risk, credit exposure, or recent performance. The absence neither signals improvement nor deterioration; it simply withholds information. Impact is therefore neutral until populated data are released.

Portfolio Manager

TL;DR: Filing offers no portfolio transparency; investors must wait for completed report.

Transparency drives fixed-income ETF valuation. This document lists required metrics (DV01, SDV01, flows) but supplies none, impeding any assessment of SBND’s interest-rate sensitivity or liquidity profile. Because the ETF’s mandate targets short duration—a space sensitive to rate volatility—lack of detail is disappointing but not necessarily negative; it is simply non-informative. Until numerical disclosures appear, there is no actionable signal for portfolio positioning.

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
Estimated average burden
hours per response:			0.5

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^*

GOLDFISCHER CARL

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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

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
Stock Option (right to buy)	$3.22	06/18/2025		A		1,440		(1)	06/18/2035	Common Stock	1,440	$0	1,440	D

Explanation of Responses:

1. Pursuant to the Issuer's Non-Employee Director Compensation Policy, this option was automatically granted on June 18, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders, with shares subject to the option vesting in equal monthly installments until the first anniversary of the grant date.

	/s/ Hans T. Schambye, attorney-in-fact	06/20/2025
	** 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

What type of SEC filing did SBND submit?

Form NPORT-P, the monthly portfolio investments report required for registered investment companies.

Does the filing provide SBND’s assets or liabilities?

No. All asset, liability and net-asset fields are blank in the excerpt.

Are risk metrics like DV01 or credit-spread sensitivity included?

The report lists the metrics but provides no numerical values for any maturity buckets.

Is this filing marked as the fund’s final NPORT-P?

The form’s checkbox indicates “No”; the fund expects to continue future filings.

Does the filing reveal recent monthly returns for SBND?

No. The three required monthly total return fields are empty.