4//SEC Filing
GOLDFISCHER CARL 4
Accession 0000899243-20-030416
CIK 0001800315other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 8:00 PM ET
Size
18.8 KB
Accession
0000899243-20-030416
Insider Transaction Report
Form 4
Galecto, Inc.GLTO
GOLDFISCHER CARL
Director
Transactions
- Conversion
Common Stock
2020-11-02+1,020,036→ 1,020,036 total(indirect: See footnote) - Award
Series D Preferred Stock
2020-09-25$27.11/sh+3,688$99,982→ 3,688 total→ Common Stock (9,587 underlying) - Conversion
Series D Preferred Stock
2020-11-02−3,688→ 0 total→ Common Stock (9,587 underlying) - Conversion
Common Stock
2020-11-02+9,587→ 9,587 total - Conversion
Common Stock
2020-11-02+19,432→ 19,432 total(indirect: See footnote) - Conversion
Series C-3 Preferred Stock
2020-11-02−392,367→ 0 total(indirect: See footnote)→ Common Stock (1,020,036 underlying) - Conversion
Series C-3 Preferred Stock
2020-11-02−7,475→ 0 total(indirect: See footnote)→ Common Stock (19,432 underlying)
Footnotes (5)
- [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") was convertible at any time at the holder's election and automatically upon the closing of the Issuer's initial public offering. The Preferred Stock converted into Common Stock at a ratio of 2.59970:1 upon the closing of the Issuer's initial public offering without payment of additional consideration. The Preferred Stock had no expiration date.
- [F5]This transaction occurred prior to the Issuer's initial public offering and is being reported on Form 4 solely for purposes of compliance with Rule 16a-2(a) under the Securities Exchange Act of 1934, as amended. The securities covered by such transaction were previously included on the Reporting Person's Form 3.
Documents
Issuer
Galecto, Inc.
CIK 0001800315
Entity typeother
Related Parties
1- filerCIK 0001110780
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 8:00 PM ET
- Size
- 18.8 KB