FRANK MORGAN C. 4

What Happened

• Frank Morgan C., a 10% owner of Modular Medical, received two grants/awards on 2026-06-30: 62 derivative shares and 250 derivative shares (total = 312). The filings list the transactions as awards/grants (code A). No exercise price or dollar value is provided (listed as N/A). Footnote states the options were granted under the issuer’s Outside Director Compensation Plan and were fully vested and exercisable on the grant date, so the recipient can exercise them immediately.

Key Details

• Transaction date: 2026-06-30; Filing date: 2026-07-01 (appears timely).
• Transaction type: Awards/Grants of derivative securities (options); prices listed as N/A in the filing.
• Quantity: 62 and 250 derivative share awards (total 312).
• Shares owned after transaction: Not specified in the provided summary (the filing’s column 9 info was not included here).
• Notable footnotes:
  • F1: Options granted under the Outside Director Compensation Plan; fully vested and exercisable on grant date.
  • F2: Column 9 reports total beneficial ownership for a given "class" of derivative security; options with different exercise prices or vesting terms may be reported separately.
• Filing timeliness: Reported within one business day after the transaction date, which appears timely for a Form 4.

Context

• These were awards (compensation) rather than open-market purchases or sales. Awards to directors or large shareholders are often routine compensation and do not, by themselves, indicate a buy/sell signal. Because exercise prices and other economic terms were not disclosed in the provided data, the immediate monetary value of the awards cannot be determined from this filing alone.