Kevin Schmid - Jul 21, 2022 Form 3 Insider Report for Modular Medical, Inc. (MODD)

Role: Chief Operating Officer
Signature: /s/ James Sullivan, Attorney-in-Fact for Kevin Schmid
Stock symbol: MODD
Transactions as of: Jul 21, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/5/2022, 05:57 PM
Next filing: Apr 5, 2023

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
holding	MODD	Option to Purchase Shares of Common Stock							Jul 21, 2022	Common Stock	175K	$4.24	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The stock option (the "Option") was issued to Mr. Schmid pursuant to an Offer Letter by and between Mr. Schmid and Modular Medical, Inc. (the "Company"). The Option shall vest over a three-year period with one-third of the shares subject to the Option vesting on the one-year anniversary of the grant date and the remaining shares vesting monthly thereafter, subject to Mr. Schmid's continuous service with the Company.

Content

The stock option (the "Option") was issued to Mr. Schmid pursuant to an Offer Letter by and between Mr. Schmid and Modular Medical, Inc. (the "Company"). The Option shall vest over a three-year period with one-third of the shares subject to the Option vesting on the one-year anniversary of the grant date and the remaining shares vesting monthly thereafter, subject to Mr. Schmid's continuous service with the Company.