DiPerna Paul 4

What Happened
Paul DiPerna — who is listed as Chairman, President, Chief Financial Officer and Treasurer of Modular Medical, Inc. (MODD) — was granted a derivative award (an option-type grant) covering 11,218 shares on May 14, 2026. The Form 4 reports the acquisition at $0.00 (no cash paid) and shows $0 total value in the filing because this is a grant of a derivative security rather than a cash purchase.

Key Details

• Transaction date: 2026-05-14; Form filed: 2026-05-18 (timely, no late-filing flag).
• Transaction type: A = Award/Grant of a derivative security (option grant).
• Shares/units granted: 11,218 (acquired @ $0.00 per the filing).
• Vesting (Footnote F1): 1/3 of the option vests on May 14, 2027, then the remainder vests monthly at 1/36th increments thereafter per the footnote.
• Beneficial ownership after transaction: not specified in the provided excerpt; footnote F2 notes column 9 reports total beneficial ownership for the class of derivative security.
• No immediate sale or exercise reported in this filing.

Context
This is a compensation-related derivative award to a senior executive, not an open-market purchase or sale. Such grants are common for executives and vest over time; they do not represent immediate proceeds unless and until the option is exercised and/or shares are sold. For retail investors, purchases or open-market insider buys are often a stronger direct signal of personal conviction than routine option grants, which are typically part of pay packages.