Jerome B. Zeldis - Sep 13, 2024 Form 4 Insider Report for NEXGEL, INC. (NXGL)

Role: Director
Signature: /s/ Jerome B. Zeldis
Stock symbol: NXGL
Transactions as of: Sep 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/17/2024, 05:27 PM
Previous filing: Aug 27, 2024

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	Stock Option (Right to Buy)	Award	$0	+25K		$0.00	25K	Sep 13, 2024	CommonStock	25K	$2.72	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents a stock option granted pursuant to the Issuer's 2019 Long-Term Incentive Plan, as amended (the "Plan"), for services as a member of the Issuer's Board of Directors. The number of shares underlying to stock option shall vest as follows: 6,250 shares of common stock shall vest as of September 30, 2024 and the remaining 18,750 shares of common stock shall vest in equal 2,084 share amounts at the end of each month over the following continuous nine months beginning on October 31, 2024 (with 2,078 shares vesting on June 30, 2025 due to rounding adjustments). In the event of a Change in Control (as defined in the Plan), any unvested shares underlying the stock option shall accelerate in accordance with the terms of the Plan.

Content

Represents a stock option granted pursuant to the Issuer's 2019 Long-Term Incentive Plan, as amended (the "Plan"), for services as a member of the Issuer's Board of Directors. The number of shares underlying to stock option shall vest as follows: 6,250 shares of common stock shall vest as of September 30, 2024 and the remaining 18,750 shares of common stock shall vest in equal 2,084 share amounts at the end of each month over the following continuous nine months beginning on October 31, 2024 (with 2,078 shares vesting on June 30, 2025 due to rounding adjustments). In the event of a Change in Control (as defined in the Plan), any unvested shares underlying the stock option shall accelerate in accordance with the terms of the Plan.