Processa Pharmaceuticals Inc SEC Filings

Processa Pharmaceuticals (PCSA) filed its Q3 2025 10‑Q, reporting continued operating losses and a going concern warning. Net loss was $3,436,573 for the quarter and $10,204,896 year‑to‑date. Cash and cash equivalents were $6,308,420 as of September 30, 2025. Management says existing cash, plus subsequent warrant proceeds, should fund operations into the first quarter of 2026.

The company raised capital through multiple 2025 transactions, including $4.4 million in January and $6.2 million in June offerings, $1.2 million via an accredited investor sale, and $1.0 million under its ATM, with additional warrant exercises before and after quarter‑end. Processa began implementing a cryptocurrency treasury strategy and held $350,000 in USD‑backed stablecoins at quarter‑end, increasing to $850,000 after. Shares outstanding were 56,644,223 as of November 3, 2025. R&D expense was $1.66 million and G&A was $1.83 million in Q3. The Nasdaq minimum bid price deficiency period was extended through February 2, 2026.

Neal James R, a Director of Processa Pharmaceuticals, Inc. (PCSA), reported issuance of equity awards dated 10/01/2025. The Form 4 shows 100,000 Restricted Stock Units (RSUs) granted with a reported value of $0 and 300,000 stock options granted with a conversion/exercise price of $0.198. Following the reported transactions the reporting person beneficially owns 100,000 RSUs and 300,000 options, each held directly. The RSUs vest one-third on 10/01/2026 and then one-thirty-sixth monthly until fully vested on 10/01/2028. The options vest one-third on the first anniversary of the grant, with the remainder vesting ratably over the next two years. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person and dated 10/03/2025.

Processa Pharmaceuticals, Inc. (PCSA) director Khoso Baluch reported receipt on 10/01/2025 of equity awards: 100,000 Restricted Stock Units and 300,000 stock options with an exercise price of $0.198. Following the grants, the reporting person beneficially owns 100,000 RSUs and 300,000 options directly.

The RSUs vest one-third on 10/01/2026 and then monthly over the following 24 months until fully vested on 10/01/2028. The stock options vest one-third on the first anniversary of the grant, with the remainder vesting ratably over the next two years. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Geraldine Pannu, a director of Processa Pharmaceuticals, Inc. (PCSA), reported grants on 10/01/2025 consisting of 100,000 restricted stock units (RSUs) and 300,000 stock options with an exercise price of $0.198. The RSUs vest one-third on 10/01/2026 and then monthly over two additional years until fully vested on 10/01/2028. The options vest one-third on the first anniversary of the grant with the remainder vesting ratably over the next two years. Following these grants, Ms. Pannu beneficially owns 100,000 shares represented by the RSUs and has rights to acquire 300,000 shares via options. The Form 4 was signed on 10/03/2025 by an attorney-in-fact on her behalf.

Processa Pharmaceuticals, Inc. (PCSA) reported a Form 4 showing that director Justin W. Yorke received equity awards dated 10/01/2025. The filing discloses 100,000 Restricted Stock Units (RSUs) and 300,000 stock options granted to Mr. Yorke. The RSUs vest one-third on 10/01/2026 and then monthly in one-thirty-sixths until fully vested on 10/01/2028. The options vest one-third on the first anniversary of the grant with the remainder vesting ratably over the following two years. Price terms shown are $0 for the RSUs and $0.198 exercise price for the options. The report was signed on 10/03/2025.

Wendy Guy, listed as Chief Administrative Officer and a director of Processa Pharmaceuticals, Inc. (PCSA), reported equity awards dated 10/01/2025. The Form 4 shows the grant of 50,000 Restricted Stock Units (RSUs) and 150,000 stock options with an exercise price of $0.198. Following the transactions, she beneficially owns 50,000 RSUs and 150,000 options directly.

The RSUs vest one-third on 10/01/2026 and then vest monthly (one‑thirty‑sixth) until fully vested on 10/01/2028. The stock options vest one‑third on the first anniversary of the grant and the remainder vests ratably over the following two years.

Processa Pharmaceuticals, Inc. (PCSA) reported insider awards to Patrick Lin, its Chief Business - Strategy Officer. On 10/01/2025 Mr. Lin was granted 68,000 Restricted Stock Units (RSUs) and 204,000 stock options with an exercise price of $0.198. The RSUs convert one-for-one to common shares and vest one-third on 10/01/2026 with the remainder vesting monthly through 10/01/2028. The options vest one-third on the first anniversary of the grant with the balance vesting ratably over the next two years. The Form 4 was signed via power of attorney on 10/03/2025.

Processa Pharmaceuticals, Inc. (PCSA) reported insider awards to Chief Development Officer Sian Bigora. On 10/01/2025 Ms. Bigora was granted 96,000 restricted stock units and 288,000 stock options with an exercise price of $0.198. The RSUs vest one-third on 10/01/2026 and then monthly over two years until fully vested on 10/01/2028. The options vest one-third on the first anniversary of the grant with the remainder vesting ratably over the next two years. Following the grants, Ms. Bigora beneficially owns 96,000 shares and 288,000 option shares, reported as direct ownership.

Processa Pharmaceuticals (PCSA) reported a Form 4 for its Chief Financial Officer, reflecting equity grants dated October 1, 2025. The filing shows an award of 108,000 Restricted Stock Units (RSUs) and stock options for 324,000 shares at an exercise price of $0.198 per share.

The RSUs vest one-third on October 1, 2026, then one-thirty-sixth each month until fully vested on October 1, 2028. The options vest one-third on the first anniversary of the grant date, with the remainder vesting ratably over the following two years. After these transactions, the filing lists 108,000 RSUs and 324,000 options beneficially owned, held directly.