FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bedoya-Toro Munera Maria E
2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2021
3. Issuer Name and Ticker or Trading Symbol
Dermata Therapeutics, Inc. [DRMA]
(Last)
(First)
(Middle)
3525 DEL MAR HEIGHTS RD., #332
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior VP
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN DIEGO, CA 92130
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 30,487 (1)
D
 
Common Stock 19,512 (1)
I
By Munera Family Trust (12)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 03/31/2021 03/31/2031 Common Stock 15,608 (1) $ 5.74 D  
Stock Option (Right to Buy)   (2) 03/31/2031 Common Stock 4,878 (1) $ 5.74 D  
Stock Option (Right to Buy)   (3) 03/31/2031 Common Stock 2,439 (1) $ 5.74 D  
Stock Option (Right to Buy)   (4) 03/31/2031 Common Stock 4,878 (1) $ 5.74 D  
Stock Option (Right to Buy)   (5) 03/31/2031 Common Stock 4,878 (1) $ 5.74 D  
Series 1d Preferred Stock   (6)   (6) Common Stock 61,821 (6) $ (6) I By Munera Family Trust (12)
Series 1a Preferred Stock   (7)   (7) Common Stock 400,000 (7) $ (7) I By Munera Family Trust (12)
Series 1b Preferred Stock   (8)   (8) Common Stock 100,000 (8) $ (8) I By Munera Family Trust (12)
Series 1c Preferred Stock   (9)   (9) Common Stock 357,142 (9) $ (9) I By Munera Family Trust (12)
Series 1 Preferred Stock   (10)   (10) Common Stock 280,000 (10) $ (10) I By Munera Family Trust (12)
Series 1a Warrants 11/15/2016 03/14/2026 Common Stock 100,000 (11) $ (11) I By Munera Family Trust (12)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bedoya-Toro Munera Maria E
3525 DEL MAR HEIGHTS RD., #332
SAN DIEGO, CA 92130
      Senior VP  

Signatures

/s/ Gerald T. Proehl, Attorney-in Fact 08/12/2021
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Shares reported reflect the 1 for 20.5 stock split effected July 1, 2021 (the "Stock Split").
(2) Options vest in 48 equal monthly installments commencing January 1, 2018.
(3) Options vest in 48 equal monthly installments commencing December 19, 2018.
(4) Options vest in 48 equal monthly installments commencing December 11, 2019.
(5) Options vest in 48 equal monthly installments commencing January 1, 2021.
(6) The Series 1d Preferred Stock is convertible into shares of Common Stock at a conversion ratio equal to 80% of the offering price in connection with the Issuer's initial public offering ("IPO"). All shares of Series 1d Preferred Stock will be converted into 9,162 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split.
(7) The Series 1a Preferred Stock is convertible into shares of Common Stock in connection with the Issuer's IPO. All shares of Series 1a Preferred Stock will be converted into 19,512 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split.
(8) The Series 1b Preferred Stock is convertible into shares of Common Stock in connection with the Issuer's IPO. All shares of Series 1b Preferred Stock will be converted into 4,878 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split.
(9) The Series 1c Preferred Stock is convertible into shares of Common Stock in connection with the Issuer's IPO. All shares of Series 1c Preferred Stock will be converted into 17,421 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split.
(10) The Series 1 Preferred Stock is convertible into shares of Common Stock in connection with the Issuer's IPO. All shares of Series 1 Preferred Stock will be converted into 13,658 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio reflects the Stock Split.
(11) The Series 1a Preferred Warrants are convertible into warrants to purchase Common Stock in connection with the Issuer's IPO. All Series 1a Preferred Warrants will be converted into warrants exercisable at $20.50 per share, to purchase up to 4,878 shares of Common Stock of the Issuer upon consummation of the IPO. The conversion ratio and exercise price reflect the Stock Split.
(12) Reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
 
Remarks:
Exhibit 24-Power of Attorney

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