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Insider sale: NEXGEL (NXGL) CEO sells 11,000 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  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.
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
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.
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SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/18/2026S6,000D$0.5921(1)327,692D
Common Stock06/23/2026S5,000D$0.5933(2)322,692D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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.
/s/ Adam R. Levy06/23/2026
** Signature of Reporting PersonDate
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)

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.

How many NEXGEL (NXGL) shares did the CEO sell and on which dates?

Adam R. Levy sold 6,000 NEXGEL Common Stock shares on June 18, 2026 and 5,000 shares on June 23, 2026, for a combined total of 11,000 shares sold.

At what prices did the NEXGEL (NXGL) CEO sell his shares?

The CEO’s sales were executed at weighted average prices. On June 18, 2026, shares sold around $0.5921, and on June 23, 2026, shares sold around $0.5933, within narrow intraday price ranges disclosed in the footnotes.

How many NEXGEL (NXGL) shares does the CEO still own after these sales?

Following the reported transactions, Adam R. Levy directly owns 322,692 shares of NEXGEL Common Stock, as stated in the Form 4’s post-transaction ownership column for the latest reported sale.

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.