Galecto, Inc. — Director's Dealing 2020

Oct 29, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Galecto Inc. (GLTO)
CIK: 0001800315
Period of Report: 2020-10-28

Reporting Person: GOLDFISCHER CARL (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series C-3 Preferred Stock	$		Common Stock (1020036)		Indirect
Series C-3 Preferred Stock	$		Common Stock (19432)		Indirect
Series D Preferred Stock	$		Common Stock (9587)		Direct

Footnotes

F1: These shares are held by Bay City Capital Fund V, L.P. ("Fund V").

F2: These shares are held by Bay City Capital Fund V Co-Investment Fund, L.P. ("Co-Investment V").

F3: The Reporting Person is an Investment Partner and Managing Director of Bay City Capital LLC, the manager of Bay City Capital Management V LLC ("Management V"). Management V is the general partner of Fund V and Co-Investment V. The Reporting Person may be deemed to share voting, investment and dispositive power with respect to the shares held by Fund V and Co-Investment V. Dr. Goldfischer disclaims beneficial ownership of such securities, except to the extent of his indirect pecuniary interest therein.

F4: The Series C-3 Preferred Stock and Series D Preferred Stock (collectively, the "Preferred Stock") is convertible into Common Stock at a ratio of 2.59970:1 into the number of shares of Common Stock as shown in Column 3 at any time at the holder's election, and automatically upon the closing of the Issuer's initial public offering without payment of additional consideration. The Preferred Stock has no expiration date.