Steven Mark Glassman - 10 Nov 2026 Form 4 Insider Report for NEXGEL, INC. (NXGL)

Reporting relationship: Director
Issuer ticker: NXGL
Reported as of: 10 Nov 2026
Net transaction value: +$25,003
SEC form: 4
Accepted by SEC: 13 Nov 2026, 21:58:28 UTC
Prior SEC filing: 27 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Steven Glassman

Filing notes and source

Key filing fact

Steven Mark Glassman filed Form 4 for NEXGEL, INC. (NXGL) on 13 Nov 2026.

Key facts

This page summarizes Steven Mark Glassman's Form 4 filing for NEXGEL, INC. (NXGL).
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 13 Nov 2026, 21:58.

Change

Previous filing in this sequence was filed on 27 Jun 2025.
Current net transaction value: +$25,003.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001853617 Primary reporting owner

glassman steven mark

Relationship: Director
Address: C/O NEXGEL, INC. 2150 CABOT BLVD, WEST,, SUITE B, LANGHORNE
Signature: /s/ Steven Glassman
Signature date: 13 Nov 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NXGL transaction

Common Stock

Purchase

Transaction value: $25,003
Shares: +4,546
Change %: +58%
Price: $5.50
Shares after: 12,379
Date: 10 Nov 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NXGL transaction Derivative

Warrant to Purchase Common Stock (the "PIPE Warrant")

Purchase

Transaction value
Shares: +4,546
Change %
Price: $0.000000^*
Shares after: 4,546
Date: 10 Nov 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,546
Exercise price: $10.00
Footnotes: F1

NXGL transaction Derivative

Convertible Promissory Note (before amendment)

Disposed to Issuer

Transaction value
Shares: +2,084
Change %
Price
Shares after: 0
Date: 10 Nov 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,084
Exercise price: $12.00
Footnotes: F3

NXGL transaction Derivative

Convertible Promissory Note (as amended)

Award

Transaction value
Shares: +4,546
Change %
Price
Shares after: 4,546
Date: 10 Nov 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,546
Exercise price: $5.50
Footnotes: F3, F4

NXGL transaction Derivative

Warrant to Purchase Common Stock

Disposed to Issuer

Transaction value
Shares: +1,042
Change %
Price
Shares after: 0
Date: 10 Nov 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,042
Exercise price: $16.00
Footnotes: F3

NXGL transaction Derivative

Existing Warrant (as amended)

Award

Transaction value
Shares: +1,042
Change %
Price
Shares after: 1,042
Date: 10 Nov 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,042
Exercise price: $13.00
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Reflects the Reporting Person's purchase on November 10, 2026 of 4,546 units from the Issuer, each unit consisting of one share of Common Stock and a warrant to purchase one share of Common Stock (the "PIPE Warrant"), at $5.50 per unit, in a private placement under a Securities Purchase Agreement. No separate consideration was paid for the PIPE Warrant. The closing occurred on November 10, 2026. The PIPE Warrant has an original issue date of November 10, 2026, is exercisable for cash at $10.00 per share, and expires on the fifth anniversary of its original issue date.

Footnote F2

Share and underlying-share amounts reflect the 1-for-20 reverse stock split of the Issuer's common stock effective October 12, 2026. The amount beneficially owned following the reported transaction includes 7,833 shares held directly before the transaction, after giving effect to the reverse stock split.

Footnote F3

On November 10, 2026, the Reporting Person entered into a Note Amendment and Conversion Agreement with the Issuer that, among other things, reduced the conversion price of his Convertible Promissory Note from $12.00 to $5.50 per share and the exercise price of his Existing Warrant from $16.00 to $13.00 per share. The amendments are reported as the disposition of the original derivative security and the acquisition of the amended derivative security. The original securities are treated as disposed of solely for purposes of this Form 4 reporting; they were amended and remain outstanding as amended. The transactions were approved in advance by the Issuer's Board of Directors on November 10, 2026 for purposes of Rule 16b-3(d) and (e). Share amounts reflect the 1-for-20 reverse stock split effective October 12, 2026. The original Note and Existing Warrant were issued on April 17, 2026.

Footnote F4

The conversion price is subject to reset on the first anniversary of issuance and at maturity. The Note converts at the Issuer's closing of the contemplated merger or earlier at the holder's election, subject to the Exchange Cap.