Form 4: Director Felsher Boosts MODD Stake with Stock, Options

Modular Medical Director Steven G. Felsher acquired 750 shares of common stock and 7,500 stock options as part of the company's Outside Director Compensation Plan.

Summary

• Director Steven G. Felsher acquired 750 shares of Modular Medical, Inc. common stock on December 31, 2025.
• These shares were issued pursuant to the Issuer's Outside Director Compensation Plan.
• Following this transaction, Steven G. Felsher beneficially owns 253,927 shares of common stock directly.
• Steven G. Felsher also acquired 7,500 options to purchase common stock on December 31, 2025.
• The options have an exercise price of $0.36 per share and expire on December 31, 2035.
• These options were granted under the Issuer's Outside Director Compensation Plan and were fully vested and exercisable on the grant date.
• Following this transaction, Steven G. Felsher beneficially owns 7,500 stock options directly.

Sentiment

Score: 6

Explanation: A director's acquisition of shares and options, even as part of a compensation plan, generally indicates alignment of interests with shareholders and confidence in the company's future, though it is a routine compensation event rather than a discretionary purchase.

Positives

• A director's acquisition of additional equity, even through a compensation plan, generally indicates alignment of interests with shareholders.
• The grant of fully vested options on the grant date provides immediate equity exposure to the director.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction related to director compensation, which is a standard practice across various industries to align management and director interests with shareholders. It does not provide specific insights into broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• The issuance of common stock and grant of stock options to Director Steven G. Felsher under the Issuer's Outside Director Compensation Plan constitutes a related party transaction, which is a standard practice for director remuneration.

Stakeholder Impact

• Shareholders: The transaction increases the director's equity stake, potentially enhancing alignment of interests between the director and shareholders.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Modular Medical, MODD, Steven Felsher, Director Compensation, Insider Transaction, Stock Options, Common Stock, SEC Form 4, Equity Acquisition