Set the RadGalleryElement.DropDownSizingMode property to Telerik.WinControls.UI.SizingMode.None. however, you will notice that when the gallery's popup is opened, the grip is visible. Please refer to the attached project.
Workaround:
Sub New()
InitializeComponent()
AddHandler Me.RadGalleryElement1.DropDownOpened, AddressOf DropDownOpened
End Sub
Private Sub DropDownOpened(sender As Object, e As EventArgs)
Me.RadGalleryElement1.GalleryPopupElement.SizingGrip.SizingMode = Telerik.WinControls.UI.SizingMode.None
End Sub