4/A: Modular Medical Director Duane M. DeSisto Reports Changes in Beneficial Ownership
SEC Form 4/A
Duane M. DeSisto, a director at Modular Medical, Inc., filed an amendment to a previous Form 4, reporting transactions involving common stock and restricted stock units.
Summary
- Duane M. DeSisto, a director at Modular Medical, Inc., reported changes in beneficial ownership of the company's stock.
- The report includes the acquisition of 2,500 shares of common stock and the disposal of 254,890 shares on December 29, 2023.
- The filing also mentions restricted stock units (RSUs) granted on July 5, 2023, which vest quarterly over three years.
- The shares were issued to the Reporting Person in accordance with its Outside Director Compensation Plan.
- This filing is an amendment to a previous filing made on January 2, 2024.
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 to the market regarding their transactions in the company's stock.
Stakeholder Impact
- Shareholders are informed about the transactions of a key insider, which can influence their investment decisions.
Key Dates
| Date | Description |
|---|---|
| 07/05/2023 | Restricted stock units (RSUs) granted to the Reporting Person |
| 12/29/2023 | Transaction date for the acquisition and disposal of common stock |
| 01/02/2024 | Date of original filing (amendment) |
| 07/02/2024 | Date of signature for the report |
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