Were the NEXGEL (NXGL) CEO’s share sales open-market transactions?

Yes. Each of the reported transactions is described as an open-market sale of NEXGEL Common Stock. One transaction also notes a weighted average sale price calculated across multiple trades within a specified price range.

NEXGEL (NASDAQ: NXGL) CEO Adam R. Levy sells 13,000 shares in open market trades

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NEXGEL, INC. Chief Executive Officer Adam R. Levy reported selling a total of 13,000 shares of Common Stock in open-market transactions over three days. He sold 3,000 shares at $0.5975 per share, 7,000 shares at a weighted average price of $0.6058 per share, and 3,000 shares at $0.6003 per share. Following these sales, he directly holds 344,692 shares of NEXGEL Common Stock, indicating these sales represent a relatively small portion of his overall position.

Insider Trade Summary

Net Seller: 13,000 shares ($7,834)

Net Sell 3 txns

Insider Levy Adam R.

Role Chief Executive Officer

Sold 13,000 shs ($8K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$0.6003	$2K
Sale	Common Stock	7,000	$0.6058	$4K
Sale	Common Stock	3,000	$0.5975	$2K

Holdings After Transaction: Common Stock — 344,692 shares (Direct, null)

Footnotes (1)

The Reporting Person sold all 3,000 shares of common stock in the open market at a price of $0.5975 per share. Represents the weighted average of open market sale transactions ranging from $0.5958 to $0.6133 per share. The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price sold if requested by the Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer. The Reporting Person sold all 3,000 shares of common stock in the open market at a price of $0.6003 per share.

Key Figures

Total shares sold: 13,000 shares Shares sold on May 27, 2026: 3,000 shares at $0.5975/share Shares sold on May 28, 2026: 7,000 shares at $0.6058/share +3 more

6 metrics

Total shares sold 13,000 shares Open-market sales by CEO Adam R. Levy

Shares sold on May 27, 2026 3,000 shares at $0.5975/share Open-market sale of Common Stock

Shares sold on May 28, 2026 7,000 shares at $0.6058/share Weighted average open-market sale price

Shares sold on May 29, 2026 3,000 shares at $0.6003/share Open-market sale of Common Stock

Shares held after last sale 344,692 shares CEO direct ownership following transactions

Net share change 13,000 shares sold Net-sell direction in transaction summary

Key Terms

open-market sale, weighted average, Common Stock, Form 4

4 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average financial

"Represents the weighted average of open market sale transactions"

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

Common Stock financial

"The Reporting Person sold all 3,000 shares of common stock in the open market"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"These sales were disclosed in a Form 4 insider trading report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 08:03 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Levy Adam R.

(Last)

(First)

(Middle)

C/O NEXGEL, INC.

2150 CABOT BLVD, WEST, SUITE B

(Street)

LANGHORNE

PENNSYLVANIA

19047

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEXGEL, INC. [ NXGL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/27/2026		S		3,000	D	$0.5975⁽¹⁾	354,692	D
Common Stock	05/28/2026		S		7,000	D	$0.6058⁽²⁾	347,692	D
Common Stock	05/29/2026		S		3,000	D	$0.6003⁽³⁾	344,692	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person sold all 3,000 shares of common stock in the open market at a price of $0.5975 per share.

2. Represents the weighted average of open market sale transactions ranging from $0.5958 to $0.6133 per share. The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price sold if requested by the Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

3. The Reporting Person sold all 3,000 shares of common stock in the open market at a price of $0.6003 per share.

	/s/ Adam R. Levy	05/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NEXGEL (NXGL) report for CEO Adam R. Levy?

NEXGEL reported that CEO Adam R. Levy sold 13,000 shares of Common Stock in open-market transactions. These sales occurred over three days and were disclosed in a Form 4 insider trading report filed with regulators.

Over what dates did NEXGEL (NXGL) CEO Adam R. Levy sell shares?

Adam R. Levy sold NEXGEL Common Stock on May 27, 2026, May 28, 2026, and May 29, 2026. The trades were reported as open-market sales of relatively small share blocks each day.

How many NEXGEL (NXGL) shares did the CEO sell and at what prices?

The CEO sold 13,000 NEXGEL Common shares in total: 3,000 at $0.5975 per share, 7,000 at a weighted average price of $0.6058, and 3,000 at $0.6003 per share in open-market trades.

How many NEXGEL (NXGL) shares does CEO Adam R. Levy own after the reported sales?

After the reported transactions, Adam R. Levy directly holds 344,692 shares of NEXGEL Common Stock. This figure reflects his position immediately following the last disclosed sale in the Form 4 filing.

What does the weighted average price in the NEXGEL (NXGL) Form 4 mean?

The weighted average price of $0.6058 per share reflects multiple open-market sales on one day between $0.5958 and $0.6133. The CEO has offered to provide detailed per-trade pricing information upon request to regulators or shareholders.