STOCK TITAN

Galecto (NASDAQ: GLTO) COO receives large RSU and option grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.
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*
Sattarzadeh Sherwin

(Last) (First) (Middle)
C/O GALECTO, INC.,
221 CRESCENT ST, BUILDING 23, SUITE 105

(Street)
WALTHAM MA 02453

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026
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(1) 01/05/2026 A 190,376 A $0 190,376 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
Stock Option (right to buy) $21.82 01/05/2026 A 444,209 (2) 01/05/2036 Common Stock 444,209 $0.00 444,209 D
Explanation of Responses:
1. Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents the right to receive, at settlement, one share of common stock of the Issuer. The RSUs will vest with respect to 25% on each anniversary of the grant date through the fourth anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
2. This option represents a right to purchase shares of common stock of the Issuer. This option will vest as to 25% on January 5, 2027 and in equal monthly installments thereafter through January 5, 2030, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
/s/ Lori Firmani, attorney-in-fact 01/26/2026
** 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 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.

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