{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-035258","form_type":"8-K","ticker":"NXGL","cik":"0001468929","company_name":"NEXGEL, INC.","filed_at":"2026-07-29T21:25:00+00:00","discovered_at":"2026-07-29T21:26:00.383315+00:00","generated_at":"2026-07-29T21:26:17.832416+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NexGel enters new CEO employment agreement with Adam Levy; base salary $375K, option grant of 160K shares","bullets":["CEO Adam Levy receives base salary of $375,000 per year under new employment agreement effective July 23, 2026.","Eligible for discretionary cash bonus up to $25,000 for FY2026 and EBITDA-based bonus up to 50% of base salary.","Granted options to purchase 160,000 shares at $0.647; 40,000 vest Dec 31, 2026, remainder monthly over 36 months.","Severance includes 12 months base salary, pro-rata bonus, COBRA, and equity acceleration on qualifying termination.","Enhanced severance on change-in-control termination: lump sum of 1x base salary plus 100% target bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-035258","json":"https://secwatch.observer/filing/0001493152-26-035258.json","markdown":"https://secwatch.observer/filing/0001493152-26-035258.md","text":"https://secwatch.observer/filing/0001493152-26-035258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1468929/000149315226035258/0001493152-26-035258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1468929/000149315226035258/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-29T21:26:17.832416+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}