Modular Medical (MODD) Director Duane M. DeSisto Receives 83-Share Award

What Happened Duane M. DeSisto, a director of Modular Medical, Inc. (MODD), received an award of 83 shares on September 30, 2026 under the company's Outside Director Compensation Plan. The filing lists the transaction as an award/acquisition (code A); no per-share price or total cash value is provided because this was an equity grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-30 (reported on Form 4 filed 2026-10-01).
• Transaction type/code: Grant/award (A).
• Shares issued: 83 shares. Price: N/A (equity award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: (1) Shares issued under the Outside Director Compensation Plan. (2) The reported share amount reflects the effect of a 1-for-30 reverse stock split effective March 31, 2026.
• Timeliness: Filing was submitted the next day (not marked late).

Context Director share awards are a common form of non-cash compensation and do not by themselves indicate buy/sell intent. The absence of a price means this was an issued grant rather than an open-market trade. The reported share count already incorporates the March 31, 2026 1-for-30 reverse split, which reduced the number of shares outstanding and adjusted previously granted amounts.