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Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell.
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Nov 10, 2026
Reporting period
Not applicable
Filed with the SEC
Nov 14, 2026
DirectorGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001493152-26-051917
Filed / recorded
Nov 14, 2026, 2:58 AM UTC
Added to OQRO
Nov 14, 2026, 3:00 AM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
NEXGEL, INC.
Issuer CIK
1468929
Ticker
NXGL
Reporting person
steven mark glassman
Relationship
Director
Security
Convertible Promissory Note (as amended)
Table
Derivative (Table II)
Transaction date
Nov 10, 2026
Transaction code
A
Shares / units
4,546
Acquired / disposed
Acquired (A)
Shares owned after
4,546
Ownership form
Direct
Amendment
No
Footnotes from the filing
On November 10, 2026, the Reporting Person entered into a Note Amendment and Conversion Agreement with the Issuer that, among other things, reduced the conversion price of his Convertible Promissory Note from $12.00 to $5.50 per share and the exercise price of his Existing Warrant from $16.00 to $13.00 per share. The amendments are reported as the disposition of the original derivative security and the acquisition of the amended derivative security. The original securities are treated as disposed of solely for purposes of this Form 4 reporting; they were amended and remain outstanding as amended. The transactions were approved in advance by the Issuer's Board of Directors on November 10, 2026 for purposes of Rule 16b-3(d) and (e). Share amounts reflect the 1-for-20 reverse stock split effective October 12, 2026. The original Note and Existing Warrant were issued on April 17, 2026.
The conversion price is subject to reset on the first anniversary of issuance and at maturity. The Note converts at the Issuer's closing of the contemplated merger or earlier at the holder's election, subject to the Exchange Cap.
Bought outside the usual windowTraded Nov 10 · filed 4 days later
A Nexgel director paid $25K out of pocket for Nexgel shares. 1 other person at Nexgel bought some too, in the same month. It was the first purchase in 24 months.
Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.