Kenneth Shepard - Jul 20, 2021 Form 3 Insider Report for ModivCare Inc (MODV)

Role: Vice President, CAO
Signature: /s/ Jonathan B. Bush by Power of Attorney
Stock symbol: MODV
Transactions as of: Jul 20, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/28/2021, 05:36 PM
Next filing: Feb 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MODV	Common Stock						1.07K	Jul 20, 2021	Direct	F1

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
holding	MODV	Employee Stock Option (Right to Buy)							Jul 20, 2021	Common Stock	2.14K	$58.84	Direct	F2
holding	MODV	Employee Stock Option (Right to Buy)							Jul 20, 2021	Common Stock	267	$179.24	Direct	F3
holding	MODV	Employee Stock Option (Right to Buy)							Jul 20, 2021	Common Stock	549	$163.42	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Composed of an aggregate of (i) 669 restricted stock awards of which 223 have vested and the remainder of which vests in two equal annual installments of 223 on March 15, 2022 and March 15, 2023, (ii) 229 restricted stock units that vest in three substantially equal installments, as follows: (a) 76 of which vest on February 10, 2022; (b) 77 of which vest on February 10, 2023; and (c) 76 of which vest on February 10, 2024, and (iii) 169 restricted stock units that vest in three substantially equal installments, as follows: (a) 56 of which vest on July 19, 2022; (b) 57 of which vest on July 19, 2023; and (c) 56 of which vest on July 19, 2024, in each case subject to the reporting person's continued employment.
F2	This option has vested with respect to one-third of the underlying shares and vests and becomes fully exercisable with respect to the remaining underlying shares in two additional equal annual installments beginning on March 15, 2022, in each case subject to the reporting person's continued employment.
F3	This option vests and becomes fully exercisable with respect to the underlying shares in three equal annual installments beginning on February 10, 2022, in each case subject to the reporting person's continued employment.
F4	This option vests and becomes fully exercisable with respect to the underlying shares in three equal annual installments beginning on July 19, 2022, in each case subject to the reporting person's continued employment.

Remarks:

Exhibit Index: Exhibit 24 - Power of Attorney