Form 4: NEXGEL Director Scott Robert Henry Sells 3,000 Shares Under 10b5-1 Trading Plan

Director Scott Robert Henry of NEXGEL, INC. sold 3,000 shares of common stock at an average price of $2.6873 per share on May 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 12, 2025, Scott Robert Henry, a director of NEXGEL, INC. (NXGL), sold 3,000 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan.
• The shares were sold at a weighted average price of $2.6873, with individual sales ranging from $2.5900 to $2.8600 per share.
• Following the transaction, Henry directly owns 132,053 shares of NEXGEL, INC.
• The shares sold were originally purchased in the open market on September 16, 2022, and were not part of recent registered direct offerings.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests pre-planned sales, which is neither particularly positive nor negative.

Industry Context

Sales by company directors are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the director planned the sales in advance to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder confidence, although the use of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

NEXGEL, Scott Robert Henry, Form 4, Director, Share Sale, Rule 10b5-1, NXGL, Trading Plan, Beneficial Ownership