BESSER JAMES E 4
4 · Modular Medical, Inc. · Filed Oct 4, 2023
Insider Transaction Report
Form 4
BESSER JAMES E
Chief Executive Officer10% Owner
Transactions
- Award
Option to purchase common stock
2023-10-02$1.11/sh+135,136$150,001→ 135,136 totalExercise: $1.11Exp: 2033-10-02→ Common Stock (135,136 underlying)
Footnotes (2)
- [F1]This option shall vest as to all of the shares subject to the option if (i) all verification and validation testing for the Registrant's initial pump product is completed by December 31, 2023 and (ii) the 510(K) premarket submission to the U.S. Food and Drug Administration ("FDA") for the Registrant's initial pump product must be completed by January 31, 2024. If criteria (i) and (ii) are not both achieved, the option will not vest as to any of the shares and will terminate on February 1, 2024.
- [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."