Niacinamide sits fourth in the ingredient list, which is high. Niacinamide is one of the better-evidenced ingredients in skincare — it supports the barrier, reduces oil, and helps with pigmentation.
It is genuinely fragrance-free, oil-free, and light enough for oily skin that finds most night creams heavy.
A useful thing to know: there is no retinoid and no acid in this lotion. That sounds like a criticism, but it is actually the most practical fact about it — see below.
Around $6–7 an ounce, which is fair.