---
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"
generated_at: "2026-07-29T21:26:17.832416+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NexGel enters new CEO employment agreement with Adam Levy; base salary $375K, option grant of 160K shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-035258
- JSON: https://secwatch.observer/filing/0001493152-26-035258.json
- Plain text: https://secwatch.observer/filing/0001493152-26-035258.txt

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