DiPerna Paul 4

4 · Modular Medical, Inc. · Filed Feb 22, 2022

Form 4

Period: 2022-01-26

DirectorSee Remarks

Transactions

Exercise/Conversion
Convertible Promissory Note
2022-02-14−23,429→ 0 total
Exercise: $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 total
Exercise: $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 total
Exercise: $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

1 file