Vos Ellen O'Connor 4

What Happened
Vos Ellen O'Connor, a director of Modular Medical, was granted a derivative award on 2026-06-30: an option covering 250 shares. The grant was reported on a Form 4 filed 2026-07-02. No exercise price or immediate cash value is provided in the filing (listed as N/A); the award is a derivative security (option), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely for a Form 4 filing).
• Security: Option award covering 250 shares (derivative); price and total value reported as N/A.
• Vesting/Exercisability: Per footnote, the option was granted under the issuer’s Outside Director Compensation Plan and was fully vested and exercisable on the grant date.
• Ownership reporting: The filing’s Column 9 reports total beneficial ownership of the class of derivative security; options with different exercise prices or vesting terms are reported separately (see footnote).
• No indication in the filing that the option was exercised or that shares were sold immediately.

Context
This is a compensation-related option grant to a non-employee director, a common practice to compensate board members. Because the option was fully vested and exercisable on grant, the director could exercise it immediately, but the Form 4 does not show an exercise or any sale of underlying shares. Such awards are routine and do not by themselves indicate a personal market-driven purchase or sale.