David Stefansky - 27 Dec 2021 Form 4 Insider Report for NEXGEL, INC. (NXGL)

Role: Director
Signature: /s/ David Stefansky
Issuer symbol: NXGL
Transactions as of: 27 Dec 2021
Net transactions value: +$50,000
Form type: 4
Filing time: 03 Jan 2022, 15:44:49 UTC
Next filing: 27 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXGL	Common Stock	Purchase	$49,910	+9,091		$5.49	9,091	27 Dec 2021	Direct	F1
holding	NXGL	Common Stock						178,572	27 Dec 2021	By Bezalel Partners LLC	F2

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	$90.91	+9,091		$0.0100^*	9,091	27 Dec 2021	Common Stock	9,091	$5.50	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 underwritten public offering which closed on December 27, 2021.
F2	Represents shares of common stock held by Bezalel Partners LLC ("Bezalel"). The Reporting Person is the managing member of Bezalel 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 Bezalel.