Galecto Grants Inducement Stock Options to New Hires Under Nasdaq Rule 5635(c)(4)

Reuters

Mar 04

Galecto Grants Inducement Stock Options to New Hires Under Nasdaq Rule 5635(c)(4)

Galecto Inc. granted inducement equity awards to four newly hired, non-executive employees on March 2, 2026. The awards are non-qualified stock options covering an aggregate 153,700 shares, with a 10-year term and an exercise price of $29.58 per share. The options vest 25% after one year, with the remainder vesting in equal monthly installments over the following 36 months under the company’s 2022 Inducement Plan and a stock option agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galecto Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603040800PRIMZONEFULLFEED9665220) on March 04, 2026, and is solely responsible for the information contained therein.

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The awards are non-qualified stock options covering an aggregate 153,700 shares, with a 10-year term and an exercise price of $29.58 per share. 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The awards are non-qualified stock options covering an aggregate 153,700 shares, with a 10-year term and an exercise price of $29.58 per share. The options vest 25% after one year, with the remainder vesting in equal monthly installments over the following 36 months under the company’s 2022 Inducement Plan and a stock option agreement.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galecto Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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