4/A: Modular Medical Director Duane M. DeSisto Reports Changes in Beneficial Ownership

Director Duane M. DeSisto reports acquisition and disposal of Modular Medical, Inc. common stock.

Summary

• Duane M. DeSisto, a director of Modular Medical, Inc., filed an amended Form 4 on July 2, 2024, reporting changes in beneficial ownership of the company's common stock.
• The initial filing date was April 2, 2024.
• On March 29, 2024, DeSisto acquired 2,500 shares of common stock and disposed of 257,390 shares.
• Following these transactions, DeSisto beneficially owns 257,390 shares.
• The reported transactions include restricted stock units (RSUs) granted on July 5, 2023, which vest quarterly over three years.
• The issuer issued shares to the reporting person in accordance with its Outside Director Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and alignment with company interests.

Stakeholder Impact

• Shareholders are informed about the trading activities of a company director.
• This disclosure helps maintain transparency and trust in the company's leadership.

Key Dates