Morgan C. Frank - Sep 30, 2022 Form 4 Insider Report for Modular Medical, Inc. (MODD)

Role
Director, 10%+ Owner
Signature
/s/ James Sullivan, Attorney-in-Fact for Morgan C. Frank
Stock symbol
MODD
Transactions as of
Sep 30, 2022
Transactions value $
$40,688
Form type
4
Date filed
10/3/2022, 02:54 PM
Previous filing
Aug 8, 2022
Next filing
Jan 3, 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
transaction MODD Option to purchase common stock Award $8.14K +1.88K $4.34 1.88K Sep 30, 2022 Common Stock 1.88K $4.34 Direct F1, F2
transaction MODD Option to purchase common stock Award $32.6K +7.5K $4.34 7.5K Sep 30, 2022 Common Stock 7.5K $4.34 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options were granted to the Reporting Person in accordance with the Issuer's Outside Director Compensation Plan, and the options were fully vested and exercisable on the grant date.
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."