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: Schambye Hans T. (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25997	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series C-1 Preferred Stock	$		Common Stock (13931)		Direct
Stock Option (right to buy)	$3.98	2023-12-17	Common Stock (6759)		Direct
Stock Option (right to buy)	$4.78	2023-12-17	Common Stock (18197)		Direct
Stock Option (right to buy)	$5.97	2021-12-08	Common Stock (18197)		Direct
Stock Option (right to buy)	$5.97	2024-05-29	Common Stock (1299)		Direct
Stock Option (right to buy)	$1.95	2030-06-24	Common Stock (207976)		Direct
Stock Option (right to buy)	$7.70	2030-10-06	Common Stock (519940)		Direct

Footnotes

F1: The Series C-1 Preferred Stock (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.

F2: 25% of the shares subject to such option vested and became exercisable on October 22, 2019 and the remainder of the shares vest in substantially equal monthly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.

F3: 25% of the shares subject to such option vest and become exercisable on September 27, 2021 and the remainder of the shares vest in substantially equal monthly installments for a period of 36 months thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.