Form 4: Modular Medical Director Acquires Additional Shares Under Compensation Plan

Modular Medical, Inc. Director Duane M. DeSisto acquired 2,500 shares of common stock as part of the company's Outside Director Compensation Plan, increasing his direct beneficial ownership to 269,890 shares.

Summary

• Duane M. DeSisto, a Director and 10% Owner of Modular Medical, Inc. (MODD), acquired 2,500 shares of common stock.
• The transaction occurred on June 30, 2025.
• These shares were issued to Mr. DeSisto in accordance with Modular Medical, Inc.'s Outside Director Compensation Plan.
• Following this acquisition, Mr. DeSisto directly beneficially owns a total of 269,890 shares of common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially as part of a compensation plan, is generally viewed positively as it aligns insider interests with shareholder interests and indicates confidence in the company.

Positives

• A director and significant owner increasing their stake in the company can signal confidence in the company's future prospects.
• The acquisition is part of a structured compensation plan, indicating adherence to established corporate governance practices.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The issuance of 2,500 shares of common stock to Director Duane M. DeSisto under the company's Outside Director Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive signal, potentially enhancing confidence in the company's leadership and future performance.

Key Dates

Recommendation

Keywords

Modular Medical, MODD, Duane M. DeSisto, Director, Beneficial Ownership, Stock Acquisition, Insider Trading, Compensation Plan, SEC Form 4