Rule 144 Notice — 35,515 Common Shares Proposed for Sale via Schwab

Rhea-AI Filing Summary

Form 144 notice for proposed sale of common stock. The filing shows 35,515 shares of common stock are proposed for sale through The Charles Schwab Corporation, with an aggregate market value of $108,451 and 8,067,580 shares outstanding. The securities were acquired as compensation on 02/15/2024 in a transaction described as "COMPENSATION / DEAL ACQUIRED BETWEEN: 2/15/24 TO 11/5/24" and payment is recorded as of 02/15/2024. The filer reports no securities sold during the past three months. The notice includes the standard representation that the seller is not aware of any undisclosed material adverse information.

Positive

• Full Rule 144 disclosure provided including acquisition date, source, broker, number of shares, and aggregate market value
• No sales reported in the past three months, indicating this is a single planned transaction rather than ongoing disposals

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice documenting a planned sale of previously acquired compensation shares via a broker.

The filing documents a proposed public sale under Rule 144 of 35,515 common shares executed through The Charles Schwab Corporation with an aggregate market value of $108,451. The acquisition is dated 02/15/2024 and described as compensation; the seller certifies no undisclosed material adverse information. There are no reported sales in the prior three months, which is consistent with a single planned transaction under Rule 144 rather than an ongoing disposal program. From a compliance perspective, the notice satisfies basic disclosure elements required by Rule 144, including acquisition source, date, number of shares, and broker details.

Equity Securities Analyst

TL;DR: Transaction size is modest relative to outstanding shares and is unlikely to be materially market-moving.

The proposed sale of 35,515 shares represents a small fraction of the 8,067,580 shares reported outstanding. At an aggregate market value of $108,451, this disposal appears modest in scale and more consistent with routine monetization of compensation rather than a large-scale insider exit. The absence of any sales in the prior three months further suggests this is an isolated planned sale. Investors should note the filing documents a planned sale but contains no forward-looking or operational information about the issuer.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	THE CHARLES SCHWAB CORPORATION 3000 Schwab Way Westlake TX 76262	35515	108451.00	8067580	09/25/2025	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 *
COMMON	02/15/2024	COMPENSATION / DEAL ACQUIRED BETWEN: 2/15/24 TO 11/5/24	ISSUER			35515	02/15/2024	NA

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for NXGL/NEXGEL, INC. report?

The filing reports a proposed sale of 35,515 common shares with an aggregate market value of $108,451, to be executed through The Charles Schwab Corporation.

When were the shares to be sold acquired?

The shares were acquired on 02/15/2024 and are described as acquired as compensation.

How large is the proposed sale relative to outstanding shares?

The filing shows 8,067,580 shares outstanding; the proposed 35,515 share sale is a small percentage of the outstanding shares.

Were any shares sold by the filer in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Which broker is handling the proposed sale?

The proposed sale is to be handled by The Charles Schwab Corporation located at 3000 Schwab Way, Westlake TX 76262.