Levy Adam R. 4

What Happened

Adam R. Levy, CEO of NEXGEL, sold 3,000 shares of the company's common stock in an open-market transaction on June 11, 2026. The shares traded at $0.6136 each, generating proceeds of approximately $1,841. This was a sale (not a purchase or option exercise), which is often routine and does not necessarily signal company prospects.

Key Details

• Transaction date: June 11, 2026
• Price per share: $0.6136; total proceeds ≈ $1,840.80 (reported as $1,841)
• Transaction type: Open-market sale (Form 4 code: S)
• Shares owned after transaction: Not disclosed in the provided filing details
• Footnote F1: Confirms all 3,000 shares were sold in the open market at $0.6136/share
• Filing date: June 15, 2026 — filed within the standard Form 4 reporting window

Context

Insider sales can reflect many personal reasons (cash needs, diversification, etc.) and are not by themselves proof of company health. This particular sale was small in dollar terms (~$1.8K), so it provides limited information about executive sentiment. No indication in the provided filing of a 10b5-1 plan, option exercise, gift, or tax-withholding event.