Sheibley Philip Brent 4
4 · Modular Medical, Inc. · Filed Mar 24, 2025
Insider Transaction Report
Form 4
Sheibley Philip Brent
Director
Transactions
- Award
Common Stock
2025-03-20+9,374→ 75,513 total - Award
Warrants to purchase Common Stock
2025-03-20+4,687→ 4,687 totalExercise: $1.12→ Common Stock (4,687 underlying)
Footnotes (3)
- [F1]On March 20, 2025, the Issuer and the Reporting Person entered into a Securities Purchase Agreement (the "Purchase Agreement") for the private placement of 4,687 units (each a "Unit"), with each Unit consisting of (a) two shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") and (b) one warrant (a "Warrant") to purchase one share of Common Stock, at an offering price of $1.92 per Unit.
- [F2]The warrants were purchased by the Reporting Person from the Issuer in a private placement pursuant to the Purchase Agreement, were immediately exercisable and expire on the date that is four years from the date of issuance.
- [F3]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. Securities that have different exercise prices or vesting terms are not considered to be of the same "class."