LEWIS JOEL

Joel Lewis, President and CEO of GALT, has demonstrated a clear selling bias in his recent insider transactions, with no open-market purchases recorded in the past year. Since September 2025, Lewis has executed 11 sales totaling $709,584.56, significantly outweighing his $152,048.44 in buy activity—the latter consisting entirely of option exercises (code "M") rather than discretionary purchases. His most substantial disposals occurred in January 2026, with three consecutive sales: $134,853.29 on January 6, $108,342.24 on January 5, and $77,938.77 on January 2. These followed earlier disposals in November and December 2025, including a $94,642.91 sale on November 17 and an $89,048.40 transaction on September 12. The pattern shows Lewis consistently pairing option exercises with immediate sales, suggesting a strategy of monetizing equity awards rather than accumulating shares. For example, his November 17 option exercise of 37,475 shares at $0.42 (code "M") was accompanied by a same-day sale of 94,642 shares at market prices (code "S"). This activity is concentrated solely in GALT, with no trades in other securities. The absence of any recent buys—coupled with the frequency and size of sales—indicates a sustained reduction in Lewis's position, though he retains substantial holdings through remaining options and vested shares. The transactions reflect routine executive compensation management rather than directional bets, with sales executed across multiple price points.