Processa (NASDAQ: PCSA) officer reports 193 vested restricted shares and trust holdings

Rhea-AI Filing Summary

Processa Pharmaceuticals Chief Business - Strategy Officer Patrick Lin reported a small equity transaction. On January 1, 2026, Lin acquired 193 shares of Common Stock at an exercise price of $0 through the conversion of a derivative security, described as a distribution of vested restricted shares.

Following this vesting-related transaction, Lin directly beneficially owned 1,753 shares of Common Stock. In addition, 1,740 shares were held indirectly through the Lin Family Trust Feb 4, 2024, reflecting his combined direct and indirect ownership position in Processa Pharmaceuticals.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lin Patrick

(Last) (First) (Middle)

C/O PROCESSA PHARMACEUTICALS, INC.

601 21ST STREET SUITE 300

(Street)

VERO BEACH FL 32960

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Processa Pharmaceuticals, Inc. [ PCSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Business - Strategy Off

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/01/2026		M		193	A	$0(1)	1,753	D
Common Stock								1,740	I	Lin Family Trust Feb 4, 2024

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock	$0	01/01/2026		M			193	(1)	(1)	Common Stock	193	$0	0	D

Explanation of Responses:

1. Distribution of vested restricted shares.

	/s/ Patrick Lin by John J. Wolfel, as Attorney-in-Fact	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did PCSA officer Patrick Lin report?

Patrick Lin reported acquiring 193 shares of Processa Pharmaceuticals Common Stock on January 1, 2026, at an exercise price of $0. The filing describes this as a distribution of vested restricted shares, reflecting equity compensation vesting rather than an open-market purchase or sale.

How many PCSA shares does Patrick Lin own after this Form 4?

After the reported transaction, Patrick Lin directly beneficially owned 1,753 shares of Processa Pharmaceuticals Common Stock. The filing also shows an additional 1,740 shares held indirectly through the Lin Family Trust Feb 4, 2024, indicating both direct and trust-based holdings.

What does the transaction code M mean in the PCSA Form 4?

Transaction code M indicates an exercise or conversion of a derivative security into Common Stock. In this case, 193 derivative-linked shares converted at an exercise price of $0, which the filing explains as a distribution of vested restricted shares to the reporting person.

How many Processa Pharmaceuticals shares are held through the Lin Family Trust?

The Form 4 shows 1,740 shares of Common Stock held indirectly through the Lin Family Trust Feb 4, 2024. This indirect holding is reported separately from Patrick Lin’s 1,753 directly owned shares, clarifying the structure of his beneficial ownership in PCSA.

Was cash paid for the vested PCSA restricted shares?

No cash was paid for the vested shares according to the filing. The 193 Common Stock shares were acquired at an exercise price of $0, with the explanatory footnote stating this was a distribution of vested restricted shares as part of equity compensation.

What role does Patrick Lin hold at Processa Pharmaceuticals (PCSA)?

Patrick Lin is identified as an officer of Processa Pharmaceuticals, serving as Chief Business - Strategy Officer. The Form 4 clarifies his relationship to the issuer, indicating he is not a director or 10% owner but a key executive officer.