[144] NexGel, Inc Warrant SEC Filing

Rhea-AI Filing Summary

Form 144 notice for NexGel, Inc. (NXGLW) reports a proposed sale of 4,000 common shares through Charles Schwab with an aggregate market value of $9,800, scheduled approximately for 08/28/2025. The filing states the company has 8,067,580 shares outstanding, and the shares to be sold were acquired on 10/15/2019 via founder shares, a PIPE, ESOP and open market purchases.

The filer also discloses recent sales by the same person totaling 8,000 shares across five transactions from 05/30/2025 to 06/11/2025 with gross proceeds ranging from $2,218 to $4,779. The notice includes the required representation that the seller has no undisclosed material adverse information and a signature/attestation section. Several standard filer fields (CIK, contact details) are not populated in the provided text.

Positive

• None.

Negative

• Repeated insider sales disclosed: 8,000 shares sold in the past three months and a proposed sale of 4,000 shares.
• Filer identification and contact fields are not populated in the supplied extract.

Insights

Financial Analyst

TL;DR: Small, routine insider sales disclosed; likely immaterial to valuation given size relative to shares outstanding.

The filing shows a proposed sale of 4,000 shares valued at $9,800 against an outstanding base of 8,067,580 shares, representing a de minimis percentage of the float. Historical disposals by the same individual total 8,000 shares in the prior six weeks, with modest gross proceeds, indicating ongoing, small-scale liquidity events rather than a concentrated exit. There are no earnings or operational metrics in this filing to change fundamental assumptions. From a financial perspective, the transactions are transparent but not material on their face.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 requirements but limited detail on filer identity/contact information in provided text.

The notice contains key Rule 144 elements: class of securities, acquisition history, sale schedule, broker, and the seller's attestation regarding material non-public information. However, the supplied extract lacks populated filer identification and contact fields, which are normally required for follow-up and verification. Governance-wise, repeated small sales by an insider should be monitored for patterns, but this filing alone does not present a governance breach or clear red flag.

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	Charles Schwab Corp. 3000 Schwab Way Westake TX 76262	4000	9800.00	8067580	08/28/2025	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	10/15/2019	Various: Founder Shares, PIPE, ESOP, Open Market Purchases	Issuer			4000	10/15/2019	Equity Compenation

* 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	05/30/2025	1000	2218.00
Adam Levy 2150 Cabot Blvd West Suite B Langhorne PA 19047	Common	06/04/2025	1000	2289.00
Adam Levy 2150 Cabot Blvd West Suite B Langhorne PA 19047	Common	06/05/2025	1000	2322.00
Adam Levy 2150 Cabot Blvd West Suite B Langhorne PA 19047	Common	06/09/2025	2000	4657.00
Adam Levy 2150 Cabot Blvd West Suite B Langhorne PA 19047	Common	06/11/2025	2000	4779.00

144: Remarks and Signature

Remarks

Date of Notice

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 for NexGel (NXGLW) report?

The form reports a proposed sale of 4,000 common shares via Charles Schwab with aggregate market value $9,800, approx. sale date 08/28/2025.

How many shares has the filer sold recently for NXGLW?

The filer sold 8,000 shares across five transactions between 05/30/2025 and 06/11/2025, with gross proceeds ranging from $2,218 to $4,779 per transaction.

When were the shares to be sold originally acquired?

The shares to be sold were acquired on 10/15/2019 through various means including founder shares, a PIPE, ESOP and open market purchases.

How large are the proposed sales relative to NexGel's shares outstanding?

The proposed 4,000-share sale is against 8,067,580 shares outstanding, representing a de minimis percentage of total shares.

Does the Form 144 include an attestation about material non-public information?

Yes, the filer represents by signing the notice that they do not know of any undisclosed material adverse information about the issuer.