Galecto, Inc. — Director's Dealing 2020

Nov 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Galecto, Inc. (GLTO)
CIK: 0001800315
Period of Report: 2020-11-02

Reporting Person: Novo Holdings A/S (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-02	COMMON STOCK	C	2164458	—	Acquired	2164458	Direct
2020-11-02	COMMON STOCK	P	333333	$15.00	Acquired	2497791	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-02	SERIES B-1 PREFERRED STOCK	$	C	25562	Disposed		COMMON STOCK (66454)	Direct
2020-11-02	SERIES B-2 PREFERRED STOCK	$	C	15833	Disposed		COMMON STOCK (41161)	Direct
2020-11-02	SERIES B-3 PREFERRED STOCK	$	C	63333	Disposed		COMMON STOCK (164647)	Direct
2020-11-02	SERIES B-4 PREFERRED STOCK	$	C	66666	Disposed		COMMON STOCK (173312)	Direct
2020-11-02	SERIES C-1 PREFERRED STOCK	$	C	133991	Disposed		COMMON STOCK (348336)	Direct
2020-11-02	SERIES C-2 PREFERRED STOCK	$	C	194666	Disposed		COMMON STOCK (506073)	Direct
2020-11-02	SERIES C-4 PREFERRED STOCK	$	C	181688	Disposed		COMMON STOCK (472334)	Direct
2020-11-02	SERIES C-5 PREFERRED STOCK	$	C	51911	Disposed		COMMON STOCK (134953)	Direct
2020-11-02	SERIES D PREFERRED STOCK	$	C	98930	Disposed		COMMON STOCK (257188)	Direct

Footnotes

F1: Each share of Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series B-3 Preferred Stock, Series B-4 Preferred Stock, Series C-1 Preferred Stock, Series C-2 Preferred Stock, Series C-4 Preferred Stock, Series C-5 Preferred Stock and Series D Preferred Stock (collectively, the "Preferred Stock") converted into Common Stock at a ratio of 1:2.59970 into the number of shares of Common Stock as shown in Column 7 upon the closing of the Issuer's initial public offering without payment of additional consideration. These shares have no expiration date.

F2: Represents a purchase from the underwriters in the Issuer's initial public offering.