Kevin Schmid - Aug 22, 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
Aug 22, 2024
Transactions value $
$0
Form type
4
Date filed
8/26/2024, 05:55 PM
Previous filing
Apr 9, 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 $0 +24.4K $0.00 24.4K Aug 22, 2024 Common Stock 24.4K $1.71 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 all of the shares subject to the option if the Registrant receives notification of FDA clearance of the 510(K) pre-market submission for the Registrant's initial pump product on or before December 31, 2024. If notification is not received on or before that date, the option will not vest as to any of the shares and will terminate on January 1, 2025.
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."