Adam E. Drapczuk III - Mar 1, 2024 Form 4 Insider Report for NEXGEL, INC. (NXGL)

Role
Chief Financial Officer
Signature
/s/ Adam E. Drapczuk III
Stock symbol
NXGL
Transactions as of
Mar 1, 2024
Transactions value $
$100,001
Form type
4
Date filed
3/5/2024, 09:04 AM
Previous filing
May 31, 2022
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXGL Common Stock Purchase $100K +47.4K $2.11 47.4K Mar 1, 2024 See footnote F1, F2
holding NXGL Common Stock 20.1K Mar 1, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXGL Warrant to Purchase Common Stock Award $0 +23.7K $0.00 23.7K Mar 1, 2024 Common Stock 23.7K $4.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired the shares of common stock and warrant to purchase common stock reported on this Form 4 in connection with the Issuer's registered direct offering. The Reporting Person agreed not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any of the shares of common stock and the shares of common stock underlying the warrant for a period of 180 days following March 1, 2024.
F2 Represents shares of common stock held by Achieving Consulting Excellence, LLC ("Achieving Consulting"). The Reporting Person is the sole member of Achieving Consulting and has the sole power to vote and direct the voting of, and to dispose and to direct the disposition of, the shares of common stock beneficially owned by Achieving Consulting