4//SEC Filing
DiPerna Paul 4
Accession 0001019056-22-000224
CIK 0001074871other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 11:24 AM ET
Size
12.2 KB
Accession
0001019056-22-000224
Insider Transaction Report
Form 4
DiPerna Paul
DirectorSee Remarks
Transactions
- Exercise/Conversion
Convertible Promissory Note
2022-02-14−23,429→ 0 totalExercise: $6.00→ Common Stock (23,429 underlying) - Exercise/Conversion
Common Stock
2022-02-14+23,429→ 2,543,585 total - Exercise/Conversion
Common Stock Purchase Warrant
2022-02-14+23,429→ 23,429 totalExercise: $6.60From: 2022-02-14Exp: 2027-02-14→ Common Stock (23,429 underlying) - Purchase
Common Stock Purchase Warrant
2022-01-26+11,294→ 11,294 totalExercise: $6.00From: 2022-01-26Exp: 2027-01-26→ Common Stock (11,294 underlying)
Footnotes (2)
- [F1]The convertible promissory note (the "Note") was issued to the Paul DiPerna Trust on April 30, 2021, in the principal aggregate amount of $102,663, in connection with a private placement conducted by the Issuer. At the time of conversion, the Note had accrued interest of $9,788 and an outstanding balance of $112,451. Pursuant to its terms, the Note was automatically converted, on February 14, 2022, into (i) 23,429 shares of common stock of the Issuer and (ii) warrants to purchase 23,429 shares of common stock of the Issuer.
- [F2]The common stock purchase warrant (the "Warrant") was issued to the Paul DiPerna Trust on April 30, 2021 (the "Issuance Date"). Pursuant to its terms, the Warrant became exercisable on January 26, 2022, the day that is 271 calendar days following the Issuance Date.
Documents
Issuer
Modular Medical, Inc.
CIK 0001074871
Entity typeother
Related Parties
1- filerCIK 0001506126
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 11:24 AM ET
- Size
- 12.2 KB