10X Fund, L.P. - Dec 31, 2022 Form 5 Insider Report for GALECTIN THERAPEUTICS INC (GALT)

Role: 10%+ Owner
Signature: /s/ James C. Czirr, as Managing Member of the General Partner for 10X Fund, LP
Stock symbol: GALT
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 5
Date filed: 1/31/2023, 01:51 PM
Previous filing: Aug 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	GALT	Common Stock	Other	-33.5K	-0.54%	6.14M	Jul 29, 2022	Direct	F1, F2
transaction	GALT	Common Stock	Other	-90.6K	-1.48%	6.04M	Jul 29, 2022	Direct	F1, F2
transaction	GALT	Common Stock	Other	-17.1K	-0.28%	6.03M	Dec 21, 2022	Direct	F1, F2
transaction	GALT	Common Stock	Other	-16.1K	-0.27%	6.01M	Dec 21, 2022	Direct	F1, F2
transaction	GALT	Common Stock	Other	-3.08K	-0.05%	6.01M	Dec 21, 2022	Direct	F1, F2
transaction	GALT	Common Stock	Other	-61.4K	-1.02%	5.95M	Dec 21, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were distributed in an in-kind distribution to a withdrawing limited partner of 10X Fund, LP of his/her/its pro rata share of shares held by 10X Fund, LP, which did not receive any consideration for the transfer. The distribution is exempt from Section 16(b) because it does not constitute a sale of a security under applicable law.
F2	10X Fund, L.P. has direct beneficial ownership of all the securities owned by 10X Fund, L.P. 10X Capital Management, LLC, a Florida limited liability company, is the general partner of 10X Fund, L.P., a Delaware limited partnership, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by 10X Fund, L.P., but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. James C. Czirr is the manager of 10X Capital Management, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by 10X Fund, L.P. and 10X Capital Management, LLC., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Content

Shares were distributed in an in-kind distribution to a withdrawing limited partner of 10X Fund, LP of his/her/its pro rata share of shares held by 10X Fund, LP, which did not receive any consideration for the transfer. The distribution is exempt from Section 16(b) because it does not constitute a sale of a security under applicable law.

10X Fund, L.P. has direct beneficial ownership of all the securities owned by 10X Fund, L.P. 10X Capital Management, LLC, a Florida limited liability company, is the general partner of 10X Fund, L.P., a Delaware limited partnership, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by 10X Fund, L.P., but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. James C. Czirr is the manager of 10X Capital Management, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by 10X Fund, L.P. and 10X Capital Management, LLC., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.