---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-115812"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2021-09-15T23:59:59+00:00"
generated_at: "2026-06-29T03:29:40.248919+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# NEXGEL appoints three directors, grants options to purchase 1.5M shares at $0.15 each

## Summary
- Yaakov Spinrad, Miranda Toledano, and CEO Adam Levy appointed to Board.
- Each appointee received a non-qualified option for 500,000 shares at $0.15, vesting in four quarterly installments starting Oct 1, 2021.
- Toledano expected to chair future Audit Committee; eligible for $10,000 quarterly retainer upon national exchange listing.
- Toledano brings over 20 years biopharma and capital markets experience, including roles at TRIGR, Sorrento, and Royalty Pharma.

## SEC filing metadata
- accession: 0001104659-21-115812
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2021-09-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000110465921115812/0001104659-21-115812-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000110465921115812/tm2127717d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-115812
- JSON: https://secwatch.observer/filing/0001104659-21-115812.json
- Plain text: https://secwatch.observer/filing/0001104659-21-115812.txt

## Key facts
- Executive change
  Yaakov Spinrad was appointed as Director at NEXGEL, INC..
  - Action: appointed
  - Role: Director
  source text: On September 9, 2021, Yaakov Spinrad, Miranda J. Toledano and Adam Levy (the “ Board Appointees ”) were appointed to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000110465921115812/0001104659-21-115812-index.htm
- Executive change
  Miranda J. Toledano was appointed as Director at NEXGEL, INC..
  - Action: appointed
  - Role: Director
  source text: On September 9, 2021, Yaakov Spinrad, Miranda J. Toledano and Adam Levy (the “ Board Appointees ”) were appointed to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000110465921115812/0001104659-21-115812-index.htm
- Executive change
  Adam Levy was appointed as Director at NEXGEL, INC..
  - Action: appointed
  - Role: Director
  source text: On September 9, 2021, Yaakov Spinrad, Miranda J. Toledano and Adam Levy (the “ Board Appointees ”) were appointed to the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000110465921115812/0001104659-21-115812-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.