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

Role: Director
Signature: /s/ Jerome B. Zeldis
Issuer symbol: NXGL
Transactions as of: 13 Sep 2024
Net transactions value: $0
Form type: 4
Filing time: 17 Sep 2024, 17:27:06 UTC
Previous filing: 27 Aug 2024
Next filing: 22 Nov 2024
SEC: View on sec.gov

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	+25,000		$0.000000	25,000	13 Sep 2024	CommonStock	25,000	$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.