Insider sale: NEXGEL (NXGL) CEO sells 11,000 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEXGEL, INC. Chief Executive Officer Adam R. Levy reported two open-market sales of the company’s Common Stock. He sold 6,000 shares on June 18, 2026 at a weighted average price of about $0.5921 per share, and 5,000 shares on June 23, 2026 at about $0.5933 per share. After these transactions, he directly holds 322,692 shares of NEXGEL common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,000 shares ($6,519)
Net Sell
2 txns
Insider
Levy Adam R.
Role
Chief Executive Officer
Sold
11,000 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $0.5933 | $3K |
| Sale | Common Stock | 6,000 | $0.5921 | $4K |
Holdings After Transaction:
Common Stock — 322,692 shares (Direct, null)
Footnotes (1)
- Represents the weighted average of open market sale transactions ranging from $0.5851 to $0.5956 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. Represents the weighted average of open market sale transactions ranging from $0.5811 to $0.6014 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.
Key Figures
Shares sold June 18, 2026: 6,000 shares
Price June 18, 2026: $0.5921 per share
Shares sold June 23, 2026: 5,000 shares
+3 more
6 metrics
Shares sold June 18, 2026
6,000 shares
Open-market sale of NEXGEL Common Stock
Price June 18, 2026
$0.5921 per share
Weighted average sale price
Shares sold June 23, 2026
5,000 shares
Open-market sale of NEXGEL Common Stock
Price June 23, 2026
$0.5933 per share
Weighted average sale price
Total shares sold
11,000 shares
Net shares sold across reported transactions
Shares held after transactions
322,692 shares
Direct ownership after June 23, 2026 sale
Key Terms
open market sale, weighted average, Common Stock, Reporting Person, +1 more
5 terms
open market sale financial
"Represents the weighted average of open market sale transactions ranging from $0.5851 to $0.5956 per share."
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
weighted average financial
"Represents the weighted average of open market sale transactions ranging from $0.5851 to $0.5956 per share."
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
"security_title: "Common Stock""
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.
Reporting Person regulatory
"The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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.
FAQ
What insider transaction did NEXGEL (NXGL) report for its CEO?
NEXGEL reported that CEO Adam R. Levy sold a total of 11,000 shares of Common Stock in two open-market transactions, according to a Form 4 insider filing with the SEC.
Were the NEXGEL (NXGL) CEO’s sales open-market transactions?
Yes. Both transactions are coded as open-market sales of Common Stock, with the filing describing them as sales in open market or private transactions and providing weighted average prices and price ranges.