Nexgel: Adam R. Levy proposes 227,956-share sale

Levy's notice identifies open-market purchases and stock grants as equity compensation as acquisition methods from October 1, 2019 through January 1, 2025.

Rhea-AI Filing Summary

NEXGEL, Inc. (NXGL) affiliate Adam R. Levy reported a proposed sale of 227,956 common shares, with an approximate sale date of September 30, 2026. His remarks also describe a late-filed proposed sale of 21,500 shares as of September 29, 2026; a separate past-three-months table entry lists 21,500 common shares dated September 29, 2026.

The securities information pairs the 227,956-share entry with an aggregate market value of $41,214.00 and the 21,500-share entry with $3,488.98. It lists Charles Schwab & Co., Inc. as broker and Nasdaq as the market. Levy's reported acquisition methods include open-market purchases and stock grants as part of equity compensation from October 1, 2019 through January 1, 2025.

Key Figures

Proposed sale: 227,956 common shares Shares listed in past-three-months table: 21,500 common shares Aggregate market value: $41,214.00 +1 more

4 metrics

Proposed sale 227,956 common shares Approximate sale date: September 30, 2026

Shares listed in past-three-months table 21,500 common shares Dated September 29, 2026

Aggregate market value $41,214.00 227,956-share entry

Aggregate market value $3,488.98 21,500-share entry

Key Terms

Rule 144, Affiliate, equity compensation

3 terms

Rule 144 regulatory

"sales required by paragraph (e) of Rule 144 to be aggregated"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Affiliate regulatory

"Affiliate"

equity compensation financial

"stock grants as part of equity compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NXGL shares did Adam R. Levy propose to sell?

The notice identifies a proposed sale of 227,956 common shares with an approximate sale date of September 30, 2026. The remarks also describe a late-filed proposed sale of 21,500 shares as of September 29, 2026; a past-three-months table entry lists 21,500 common shares dated that day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 01:34 PM Accepted by SEC EDGAR 09/30/2026 - 01:33 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001794090
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NEXGEL, INC.
SEC File Number	001-41173
Address of Issuer	2150 CABOT BLVD WEST, SUITE B LANGHORNE PENNSYLVANIA 19047
Phone	215 702-8550
Name of Person for Whose Account the Securities are To Be Sold	Levy Adam R.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Affilaite

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	21500	3488.98	9747663	09/29/2026	Nasdaq
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 80134	227956	41214.00	9747663	09/30/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
249,456	10/01/2019	Various: Open Market Purchases and Stock Grants as part of equity compensation	Open Market and Issuer			296159	10/01/2026	Cash and Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Adam Levy 2150 Cabot Blvd West Suite B Langhorne PA 19047	Common	09/29/2026	21500	3488.98

144: Remarks and Signature

Remarks	the 144 is reporting a proposed sale of 227,956 shares on 9/30/26 and also a late filing reporting a proposed sale of 21,500 shares as of 9/29/26 Client acquired shares in various manners (open market purchases and stock grants as part of equity compensation between 10/01/2019 thru 01/01/2025
Date of Notice	09/30/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Adam Levy
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)