Kevin Schmid - Apr 8, 2024 Form 4 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
Apr 8, 2024
Transactions value $
$76,000
Form type
4
Date filed
4/9/2024, 07:28 PM
Previous filing
Oct 4, 2023
Next filing
Aug 26, 2024

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 $76K +50K $1.52 50K Apr 8, 2024 Common Stock 50K $1.52 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 8, 2025 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."