X0202 SCHEDULE 13G/A 0001288478 XXXXXXXX LIVE 2 Common Stock, $0.0001 par value 03/31/2026 0001853816 Dermata Therapeutics, Inc. 84841L407 3525 DEL MAR HEIGHTS RD., #322 SAN DIEGO CA 92130 Rule 13d-1(c) BIGGER CAPITAL FUND L P a DE 0.00 75200.00 0.00 75200.00 75200.00 N 1.87 PN Bigger Capital Fund GP, LLC a DE 0.00 75200.00 0.00 75200.00 75200.00 N 1.87 OO District 2 Capital Fund LP a DE 0.00 0.00 0.00 0.00 0.00 N 0 PN District 2 Capital LP a DE 0.00 0.00 0.00 0.00 0.00 N 0 PN District 2 GP LLC a DE 0.00 0.00 0.00 0.00 0.00 N 0 OO District 2 Holdings LLC a DE 0.00 0.00 0.00 0.00 0.00 N 0 OO Bigger Michael a X1 0.00 75200.00 0.00 75200.00 75200.00 N 1.87 IN Dermata Therapeutics, Inc. Bigger Capital Fund, LP ("Bigger Capital") Bigger Capital Fund GP, LLC ("Bigger GP") District 2 Capital Fund LP ("District 2 CF") District 2 Capital LP ("District 2") District 2 GP LLC ("District 2 GP") District 2 Holdings LLC ("District 2 Holdings") Michael Bigger Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Bigger Capital Fund, LP 11700 West Charleston Blvd., #170-659 Las Vegas, NV, 89135 Bigger Capital Fund GP, LLC 11700 West Charleston Blvd., #170-659 Las Vegas, NV, 89135 District 2 Capital Fund LP 175 W. Carver Street Huntington, NY 11743 District 2 Capital LP 175 W. Carver Street Huntington, NY 11743 District 2 GP LLC 175 W. Carver Street Huntington, NY 11743 District 2 Holdings LLC 175 W. Carver Street Huntington, NY 11743 Michael Bigger 11700 West Charleston Blvd., #170-659 Las Vegas, NV, 89135 Bigger Capital Fund, LP Delaware Bigger Capital Fund GP, LLC Delaware District 2 Capital Fund LP Delaware District 2 Capital LP Delaware District 2 GP LLC Delaware District 2 Holdings LLC Delaware Y As of April 22, 2026, Bigger Capital beneficially owned 75,200 shares of Common Stock. The amount does not include: (i) 490,200 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation, (ii) 490,200 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation, and (iii) 189,084 DRMAW Public Warrants, the exercise of which are subject to a 4.99% beneficial ownership limitation. Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the Issuer's securities described herein. As of April 22, 2026, District 2 CF does not beneficially own shares of Common Stock. The amount does not include: (i) 122,549 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation, and (ii) 122,549 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation. District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF. District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF. District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the 75,200 shares of Common Stock, beneficially owned by Bigger Capital. Does not include: (a) 490,200 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (b) 490,200 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (c) 189,084 DRMAW Public Warrants owned by Bigger Capital, the exercise of which are subject to a 4.99% beneficial ownership limitation, (d) 122,549 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF, and (e) 122,549 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities. The following percentages are based on 4,022,143 shares of Common Stock issued and outstanding as of March 30, 2026 based on the Issuer's Proxy Statement filed under Rule 14(a) with the Securities and Exchange Commission on April 17, 2026. As of April 22, 2026, (i) each of Bigger Capital and Bigger GP may be deemed to beneficially own 1.87% of the outstanding shares of Common Stock, (ii) each of District 2 CF, District 2, District 2 GP and District Holdings do not beneficially own shares of Common Stock, and (iii) Mr. Bigger may be deemed to beneficially own approximately 1.87% of the outstanding shares of Common Stock. Does not include: (a) 490,200 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (b) 490,200 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by Bigger Capital, (c) 189,084 DRMAW Public Warrants owned by Bigger Capital, the exercise of which are subject to a 4.99% beneficial ownership limitation, (d) 122,549 shares of Common Stock issuable upon exercise of Series C Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF, and (e) 122,549 shares of Common Stock issuable upon exercise of Series D Warrants, the exercise of which are subject to shareholder approval and a 4.99% beneficial ownership limitation owned by District 2 CF. Regarding Item 5 below, as of April 22, 2026, the Reporting Persons sold a portion of the Common Stock, including, all the Common Stock issuable upon the exercise of the Pre-Funded Warrants that they held and accordingly, the Reporting Persons as of April 22, 2026, are not the beneficial owners of at least 5.00% of the Issuer's Common Stock. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. N Y Y Y N See Exhibit 99.1. Previously Filed. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. BIGGER CAPITAL FUND L P /s/ Michael Bigger 04/22/2026 Bigger Capital Fund GP, LLC /s/ Michael Bigger 04/22/2026 District 2 Capital Fund LP /s/ Michael Bigger 04/22/2026 District 2 Capital LP /s/ Michael Bigger 04/22/2026 District 2 GP LLC /s/ Michael Bigger 04/22/2026 District 2 Holdings LLC /s/ Michael Bigger 04/22/2026 Bigger Michael /s/ Michael Bigger 04/22/2026