Processa CEO Ng Exercises 1,600 Restricted Shares
Processa Pharmaceuticals, Inc. director and CEO George K. Ng reported the distribution of a time-based restricted stock award.
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Form Type
4
Rhea-AI Filing Summary
Processa Pharmaceuticals, Inc. director and CEO George K. Ng reported the distribution of a time-based restricted stock award. On August 8, 2026, 1,600 shares of restricted stock converted into 1,600 shares of common stock, leaving him with 17,092 directly held common shares and 19,624 restricted shares. He also reports options to acquire 30,720 common shares at an exercise price of $4.96 per share and additional indirect common stock holdings through related entities. Certain reported share amounts reflect a 1-for-25 reverse stock split effective December 17, 2025.
Insider Trade Summary
1,600 shares exercised/converted
Exercise
5 txns
Insider
Ng George K
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock F1, F3 | 1,600 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,600 | -- | -- |
| holding | Stock Options (Right to Buy) F2, F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 19,624 contracts (Direct);
Common Stock — 17,092 shares (Direct);
Stock Options (Right to Buy) — 30,720 contracts (Direct);
Common Stock — 3,488 shares (Indirect, George Ng IRRA FOB George Ng);
Common Stock — 800 shares (Indirect, Ng Cha Family Trust)
Footnotes (3)
- F1. Distribution of time-based service award.
- F2. Stock options vest one-third on the first anniversary date of the grant, with the remaining options vesting ratably over the subsequent two years.
- F3. Reflects the 1-for-25 reverse stock split effected by the Issuer on December 17, 2025.
Key Figures
Restricted shares converted: 1,600 shares
Direct common shares held: 17,092 shares
Restricted stock held: 19,624 shares
+5 more
8 metrics
Restricted shares converted
1,600 shares
Restricted stock converted to common on August 8, 2026
Direct common shares held
17,092 shares
Direct common stock ownership following August 8, 2026 transaction
Restricted stock held
19,624 shares
Restricted stock balance following derivative exercise/conversion
Options underlying shares
30,720 shares
Underlying common shares for stock options held directly
Option exercise price
$4.96 per share
Exercise price of stock options (right to buy) on common stock
Indirect holding (IRRA)
3,488 shares
Common stock held indirectly as “George Ng IRRA FOB George Ng”
Indirect holding (Family Trust)
800 shares
Common stock held indirectly through Ng Cha Family Trust
Reverse stock split ratio
1-for-25
Reverse stock split effective December 17, 2025, reflected in share counts
Key Terms
Restricted Stock, Stock Options (Right to Buy), time-based service award, reverse stock split, +1 more
5 terms
Restricted Stock financial
"security_title: "Restricted Stock""
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)""
time-based service award financial
"Distribution of time-based service award."
reverse stock split financial
"Reflects the 1-for-25 reverse stock split effected by the Issuer"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership descriptions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Processa (PCSA) CEO George K. Ng report on August 8, 2026?
George K. Ng reported the distribution of a time-based restricted stock award, in which 1,600 restricted shares converted into 1,600 shares of common stock on August 8, 2026, as part of his equity compensation.
What restricted stock and option positions does George K. Ng have in Processa (PCSA)?
George K. Ng reports 19,624 shares of restricted stock following the distribution and stock options covering 30,720 underlying common shares with an exercise price of $4.96 per share, vesting over three years from the grant date.
What is the exercise price and size of George K. Ng’s Processa (PCSA) stock options?
He reports stock options with an exercise price of $4.96 per share, representing 30,720 underlying shares of Processa common stock, with one-third vesting on the first anniversary of grant and the remainder vesting ratably over the next two years.
Does George K. Ng have indirect holdings of Processa (PCSA) common stock?
Yes. The filing lists indirect ownership of 3,488 shares of common stock described as “George Ng IRRA FOB George Ng” and an additional 800 shares held indirectly through the Ng Cha Family Trust.
How did Processa’s 1-for-25 reverse stock split affect this Form 4 for PCSA?
A footnote states that reported amounts reflect a 1-for-25 reverse stock split effected on December 17, 2025. This means share counts in the Form 4 are presented after adjustment for that reverse split.
AI-generated analysis. How Rhea-AI works. Not financial advice.
