Adam Levy - Oct 27, 2021 Form 4 Insider Report for NEXGEL, INC. (NXGL)

Role: CEO, Director
Signature: /s/ Adam Levy
Stock symbol: NXGL
Transactions as of: Oct 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/8/2021, 10:20 AM
Next filing: Mar 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXGL	Common Stock	Award	$0	+1.43M	+16.11%	$0.00	10.3M	Oct 27, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 27, 2021, the Reporting Person received a distribution of 1,428,750 shares of the Issuer's common stock from Aquamen Partners LLC ("Aquamen"). The Reporting Person held a twenty percent equity interest in Aquamen Partners prior to the distribution but no longer has any equity interest in Aquamen Partners. All of the shares distributed to the Reporting Person are "restricted securities" as defined by the Securities Act of 1933, as amended.

Content

On October 27, 2021, the Reporting Person received a distribution of 1,428,750 shares of the Issuer's common stock from Aquamen Partners LLC ("Aquamen"). The Reporting Person held a twenty percent equity interest in Aquamen Partners prior to the distribution but no longer has any equity interest in Aquamen Partners. All of the shares distributed to the Reporting Person are "restricted securities" as defined by the Securities Act of 1933, as amended.