Modular Medical Director Ellen O'Connor Vos Receives 250-Share Award

What Happened Ellen O'Connor Vos, a member of Modular Medical's board (outside director), was granted a derivative award on September 30, 2026 covering 250 shares. The filing shows this as an award/acquisition of a derivative security (no exercise price or cash value reported), and the option was fully vested and exercisable on the grant date under the issuer's Outside Director Compensation Plan. This is a compensation grant to a director rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; reported on Form 4 filed 2026-10-01.
• Transaction type: Award/Grant of a derivative security (option) covering 250 shares; price listed as N/A and no total dollar value reported.
• Vesting/Exercise: The option was fully vested and exercisable on the grant date (per footnote F1).
• Shares owned after transaction: Not reported (N/A) for this derivative class in the filing.
• Footnotes: F1 confirms the grant was under the Outside Director Compensation Plan and was fully vested; F2 notes that column 9 reports beneficial ownership only for the specific class of derivative security reported and that options with different exercise prices/vesting are not grouped together.

Context This appears to be routine director compensation (an option grant to an outside director) rather than a trading signal. Because the filing does not report an exercise price or market value, there's no immediate dollar-value estimate in the Form 4. For retail investors, such awards are common for board service and do not necessarily indicate the director is buying or selling stock based on company prospects.