Volkart Carmen B 4

What Happened
Carmen B. Volkart, a director of Modular Medical, received an award of 103 shares on March 31, 2026. The shares were issued as compensation under the company’s Outside Director Compensation Plan; no per-share price or cash value is reported in the Form 4 (marked N/A). The reported share amount reflects the effect of a 1-for-30 reverse stock split that was effective the same day.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-08.
• Transaction type: Award/Grant (code A).
• Shares acquired: 103 (price and total value reported as N/A).
• Source: Issued pursuant to the Issuer’s Outside Director Compensation Plan (footnote).
• Reverse split: Share amount reflects 1-for-30 reverse split effective 3/31/2026 (footnote).
• Shares owned after the transaction: Not specified in the filing.
• No indication in the filing that this was part of a 10b5-1 plan, sale, or other disposition.

Context
Grants to outside directors are routine compensation and do not necessarily indicate the director’s personal trading view. Because this was an award (not a purchase or sale), it’s primarily a disclosure of compensation rather than a market signal. The reported share count is adjusted for the reverse stock split, which reduced the number of outstanding shares and changes how past and future holdings may appear on filings.