Ellen Vos - Aug 11, 2021 Form 4 Insider Report for Modular Medical, Inc. (MODD)

Role: Chief Executive Officer, Director
Signature: /s/ Ellen O'Connor Vos
Stock symbol: MODD
Transactions as of: Aug 11, 2021
Transactions value $: $4,414,657
Form type: 4
Date filed: 8/16/2021, 02:46 PM
Previous filing: Jul 2, 2021
Next filing: Oct 1, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MODD	Option to purchase common stock	Award	$4.41M	+1.09M		$4.06	1.09M	Aug 11, 2021	Common Stock	1.09M	$4.06	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Twenty percent of the shares subject to the option vest after six months with the remaining shares subject to the option vesting in equal monthly amounts over the next 42 months.
F2	In accordance with Instruction 4 to this Form, column 9 reports only total beneficial ownership of the "class" of derivative security reported in Column 1. Options that have different exercise prices or vesting terms are not considered to be of the same "class." As a result of the grant reported herein, the Reporting Person currently has aggregate options to purchase a total of 1,143,361 shares of the Issuer.

Content

Twenty percent of the shares subject to the option vest after six months with the remaining shares subject to the option vesting in equal monthly amounts over the next 42 months.

In accordance with Instruction 4 to this Form, column 9 reports only total beneficial ownership of the "class" of derivative security reported in Column 1. Options that have different exercise prices or vesting terms are not considered to be of the same "class." As a result of the grant reported herein, the Reporting Person currently has aggregate options to purchase a total of 1,143,361 shares of the Issuer.