Form 4: Director Sheibley Acquires MODD Stock Options

Modular Medical, Inc. Director Philip Sheibley acquired 7,500 stock options at an exercise price of $0.36, fully vested on the grant date.

Summary

• Philip Brent Sheibley, a Director of Modular Medical, Inc. (MODD), acquired 7,500 options to purchase common stock.
• The options were granted on December 31, 2025, with an exercise price of $0.36 per share.
• These options were fully vested and exercisable on the grant date and have an expiration date of December 31, 2035.
• The acquisition was made in accordance with the Issuer's Outside Director Compensation Plan.

Sentiment

Score: 7

Explanation: The acquisition of stock options by a director is generally a positive signal, indicating alignment of interests and potential confidence in future performance. The options are fully vested on grant, which is also a positive term for the recipient.

Positives

• Director Sheibley's acquisition of stock options aligns his interests with shareholders, indicating confidence in the company's future.
• The options were fully vested and exercisable on the grant date, providing immediate equity exposure.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Potential positive signal due to director's increased equity stake, aligning interests with the company's long-term performance.

Key Dates

Keywords

Modular Medical, MODD, Stock Options, Director Compensation, Insider Transaction, Equity Grant, Form 4