Form 4: Duane M. DeSisto Reports Changes in Beneficial Ownership of Modular Medical, Inc. Stock
Ownership Disclosure
Duane M. DeSisto, a director at Modular Medical, Inc., reports acquiring and disposing of common stock, including restricted stock units, as part of an outside director compensation plan.
Summary
- Duane M. DeSisto, a director of Modular Medical, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 28, 2024, DeSisto acquired 2,500 shares of common stock.
- DeSisto also disposed of 259,890 shares of common stock.
- The reported transactions include restricted stock units (RSUs) granted on July 5, 2023, which vest quarterly over three years.
- The issuer provided shares to DeSisto under its Outside Director Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The reporting person is adhering to SEC regulations by disclosing changes in ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about the transactions of a key insider, which can influence their investment decisions.
Key Dates
| Date | Description |
|---|---|
| July 5, 2023 | Restricted stock units (RSUs) were granted to the Reporting Person |
| June 28, 2024 | Date of the reported transaction involving the acquisition and disposal of common stock |
| July 2, 2024 | Date of signature for the report |
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