FELSHER STEVEN G 4

What Happened
Steven G. Felsher, a director of Modular Medical, received director compensation on June 30, 2026: 25 shares of common stock issued and a derivative award corresponding to 250 shares (an option) granted. No exercise prices or total dollar values are reported (prices shown as N/A), and the option was fully vested and exercisable on the grant date. These awards are compensation, not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely — within two business days).
• Securities: 25 shares (issued) and a derivative grant for 250 shares (option). Prices/values: N/A in the filing.
• Post-transaction total holdings: not specified in the provided filing details.
• Footnotes of note:
  • F1: Shares issued under the Issuer's Outside Director Compensation Plan.
  • F2: Share amounts reflect a 1-for-30 reverse split effective March 31, 2026.
  • F3: The option was granted under the Outside Director Compensation Plan and was fully vested and exercisable on the grant date.
  • F4: Column 9 on the Form reports beneficial ownership of the class of derivative security; different-option terms are reported separately.

Context
This was a routine director compensation award (an equity grant plus a vested option), not a purchase or sale in the open market. The option was granted already vested and exercisable but was not reported as exercised or sold in this filing. Director awards are common compensation and do not by themselves indicate an insider buying or selling shares for investment reasons.