Modular Medical (MODD) Director Steven G. Felsher Receives Awards

What Happened

• Steven G. Felsher, a director of Modular Medical, received director compensation on 2026-09-30 consisting of (1) 25 shares of common stock issued and (2) a derivative award recorded as 250 shares (an option). No cash price was reported for these awards (N/A). The option was granted fully vested and exercisable on the grant date.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (timely within the Form 4 filing window).
• Awards: 25 shares issued; option for 250 shares (derivative security). Prices reported as N/A (award/compensation).
• Footnotes: awards were issued under the Issuer's Outside Director Compensation Plan (F1); share amounts reflect a 1-for-30 reverse split effective March 31, 2026 (F2); the option was fully vested and exercisable on grant date (F3). Note on reporting: column 9 (beneficial ownership of the derivative class) follows Instruction 4; aggregated ownership after the transaction was not provided here.
• Transaction type: Award/Grant (code A) — not a market purchase or sale.

Context

• These grants appear to be routine director compensation rather than purchases or sales. The derivative award is an option that is exercisable immediately per the filing; the filing does not indicate any immediate exercise or sale of shares. Awards and option grants to non-employee directors are common and do not by themselves indicate the director purchased or sold stock.