4//SEC Filing
STEFANSKY DAVID 4
Accession 0001104659-20-071294
CIK 0001468929other
Filed
Jun 8, 8:00 PM ET
Accepted
Jun 9, 2:52 PM ET
Size
8.4 KB
Accession
0001104659-20-071294
Insider Transaction Report
Form 4
NEXGEL, INC.NONE
STEFANSKY DAVID
Director10% Owner
Transactions
- Award
Option to Purchase Common Stock
2020-02-17+2,857,141→ 2,857,141 totalExercise: $0.01Exp: 2030-02-17→ Common Stock (2,857,141 underlying)
Holdings
- 1,634,750(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]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.
- [F2]On February 17, 2020 and consideration for the Reporting Person's service on the Issuer's Board of Directors (the "Board"), the Issuer granted to the Reporting Person two annual awards of stock options equal to $40,000 of the Issuer's common stock, granted under the Issuer 2019 Long-Term Incentive Plan (the "Incentive Plan"), with (i) the first grant being the right to purchase up to 2,857,141 shares of the Issuer's common stock at a per share exercise price of $0.014 with one-half of such option vesting on March 31, 2020 and the remaining one-half vesting in equal installments on June 30, 2020 and September 30, 2020, respectively, and with an acceleration of any unvested options upon the departure of the Reporting Person from the Board for any reason and
- [F3](ii) the second grant being the right to purchase up to a number of shares of the Issuer's common stock equal to $40,000 divided by the Fair Market Value (as defined in the Incentive Plan) of the Issuer's common stock as of October 10, 2020 at a per share exercise price equal to Fair Market Value of the Issuer's common stock as of October 10, 2020 with one-fourth of such option vesting on each of December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021, respectively, and with an acceleration of any unvested options upon the departure of the Reporting Person from the Board for any reason. This award was reported in the Issuer's Form 10-Q for the period ended March 31, 2020.
Documents
Issuer
NEXGEL, INC.
CIK 0001468929
Entity typeother
Related Parties
1- filerCIK 0001320581
Filing Metadata
- Form type
- 4
- Filed
- Jun 8, 8:00 PM ET
- Accepted
- Jun 9, 2:52 PM ET
- Size
- 8.4 KB