UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 28, 2026, Carolyn Shelton departed from her role as Senior Vice President of Quality, Regulatory, and Clinical Affairs of Nexalin Technology, Inc. (the “Company”).
In connection with her departure, Ms. Shelton and the Company entered into a separation agreement, which provides for one month of continued base salary, a 2026 bonus of $20,000, accelerated vesting of her unvested stock options, up to two years to exercise her vested options, and continued subsidy of her health insurance premiums through September 30, 2026. In exchange, Ms. Shelton agreed to a release of claims in favor of the Company and standard confidentiality, non-disparagement, and cooperation provisions.
This summary is qualified in its entirety by the full text of the separation agreement, which will be filed as an exhibit to the Company’s next periodic report.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 2, 2026 | NEXALIN TECHNOLOGY, INC. |
| /s/ Mark White | |
| Mark White | |
| Chief Executive Officer |
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