Paul DiPerna - 03 Apr 2023 Form 4 Insider Report for Modular Medical, Inc. (MODD)

Role: Chairman, President, Chief Financial Officer and Treasurer, Director, 10%+ Owner
Signature: /s/ James Sullivan, attorney-in-fact for Paul DiPerna
Issuer symbol: MODD
Transactions as of: 03 Apr 2023
Net transactions value: +$82,500
Form type: 4
Filing time: 05 Apr 2023, 17:08:44 UTC
Previous filing: 15 Apr 2022
Next filing: 04 Oct 2023
SEC: View on sec.gov

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	$82,500	+50,000		$1.65	50,000	03 Apr 2023	Common Stock	50,000	$1.65	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This option shall vest as to 1/3rd of the shares subject to the option on April 3, 2024 and as to 1/36th of the shares subject to the option on a monthly basis thereafter.
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."

Remarks:

Chairman, President, Chief Financial Officer and Treasurer