NEXGEL CEO Adam Levy Sells 2,000 Shares

What Happened
Adam R. Levy, CEO of NEXGEL, sold 2,000 shares of the company’s common stock in an open-market sale on June 1, 2026. The reported per-share price was $0.5859 (rounded in some reports to $0.59), for total proceeds of approximately $1,171.80 (reported as $1,172).

Key Details

• Transaction date: 2026-06-01 (open-market sale, code S)
• Price per share: $0.5859 (footnote F1); rounded to $0.59 in the filing summary
• Shares sold: 2,000; total proceeds ≈ $1,171.80 ($1,172 reported)
• Shares owned after transaction: not specified on this Form 4 (not reported)
• Footnote: F1 confirms the sale of all 2,000 shares in the open market at $0.5859/share
• Filing date: 2026-06-03 — filed within the normal Form 4 reporting window (timely)

Context
This was a small open-market sale by an executive (disposition), which is common for personal liquidity or other non-operational reasons; sales do not by themselves indicate a change in company prospects. There were no option exercises, gifts, or 10% owner transfers reported in this filing.