Paul DiPerna - 22 Aug 2024 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: 22 Aug 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Aug 2024, 17:56:01 UTC
Previous filing: 09 Apr 2024
Next filing: 28 Apr 2025
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	$0	+58,560		$0.000000	58,560	22 Aug 2024	Common Stock	58,560	$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."

Remarks:

Chairman, President, Chief Financial Officer and Treasurer