Galecto (NASDAQ: GLTO) COO receives large RSU and option grant
Rhea-AI Filing Summary
Galecto, Inc. reported new equity awards to its Chief Operating Officer, Sherwin Sattarzadeh. On January 5, 2026, he received 190,376 shares of common stock in the form of restricted stock units, granted at a price of $0 per share. These RSUs vest 25% on each anniversary of the grant date over four years, so the award is spread out to encourage continued service.
On the same date, he was also granted a stock option covering 444,209 shares of common stock with an exercise price of $21.82 per share. This option vests 25% on January 5, 2027 and then in equal monthly installments through January 5, 2030, again conditioned on his continued service to Galecto.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Galecto (GLTO) report for its COO?
Galecto reported that its Chief Operating Officer, Sherwin Sattarzadeh, received equity awards on January 5, 2026, including restricted stock units and a stock option.
How many Galecto (GLTO) RSUs were granted to the COO and how do they vest?
The COO was granted 190,376 restricted stock units. Each RSU represents one share of common stock and vests 25% on each anniversary of the grant date over four years, subject to his continued service.
What stock option grant did the Galecto (GLTO) COO receive?
He received a stock option to purchase 444,209 shares of common stock at an exercise price of $21.82 per share. The option was reported as acquired at a price of $0.00 for the grant itself.
What is the vesting schedule for the Galecto (GLTO) COO stock option?
The option vests as to 25% on January 5, 2027, then in equal monthly installments through January 5, 2030, assuming the COO continues to serve the company.
Does the Galecto (GLTO) Form 4 indicate whether the COO holds these awards directly or indirectly?
The filing shows the COO’s holdings as direct (D) ownership for both the 190,376 RSUs and the 444,209-share stock option, with no indirect ownership entity noted.
What role does the reporting person hold at Galecto (GLTO)?
The reporting person, Sherwin Sattarzadeh, is identified as an Officer of Galecto with the title Chief Operating Officer.