Adam E. Drapczuk III - Aug 23, 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: Aug 23, 2024
Transactions value $: $25,000
Form type: 4
Date filed: 8/27/2024, 09:09 PM
Previous filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXGL	Common Stock	Purchase	$25K	+10K	+21.1%	$2.50	57.4K	Aug 23, 2024	See footnote	F1, F2
holding	NXGL	Common Stock						25.1K	Aug 23, 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	+5K		$0.00	5K	Aug 23, 2024	Common Stock	5K	$4.25	See footnote	F1, F2

* 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 August 23, 2024.
F2	Represents shares of common stock and warrant to purchase 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.

Content

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 August 23, 2024.

Represents shares of common stock and warrant to purchase 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.