X0206 3 2020-10-28 0 0001800315 Galecto Inc. GLTO 0001110780 GOLDFISCHER CARL C/O GALECTO, INC. OLE MAALOES VEJ 3 COPENHAGEN N G7 DK-2200 DENMARK 1 0 0 0 Series C-3 Preferred Stock Common Stock 1020036 I See Footnotes Series C-3 Preferred Stock Common Stock 19432 I See Footnotes Series D Preferred Stock Common Stock 9587 D These shares are held by Bay City Capital Fund V, L.P. ("Fund V"). These shares are held by Bay City Capital Fund V Co-Investment Fund, L.P. ("Co-Investment V"). 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. 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. Exhibit 24 - Power of Attorney /s/ Jonathan Freve, attorney-in-fact 2020-10-28