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

Role
Chief Operating Officer
Signature
/s/ James Sullivan, attorney-in-fact for Kevin Schmid
Issuer symbol
MODD
Transactions as of
03 Apr 2023
Net transactions value
+$150,000
Form type
4
Filing time
05 Apr 2023, 18:02:44 UTC
Previous filing
05 Aug 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 $150,000 +100,000 $1.50 100,000 03 Apr 2023 Common Stock 100,000 $1.50 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."