Form 4: Modular Medical Director Jeff Goldberg Receives Stock Option Grant

Modular Medical, Inc. Director Jeff D. Goldberg was granted 3,297 options to purchase common stock at an exercise price of $0.68, fully vested and exercisable on the grant date of June 30, 2025.

Summary

• Jeff D. Goldberg, a Director and 10% Owner of Modular Medical, Inc. (MODD), was granted 3,297 options to purchase common stock.
• The options have an exercise price of $0.68 per share.
• The grant date for these options was June 30, 2025.
• The options became fully vested and exercisable on the grant date, June 30, 2025.
• The options are set to expire on June 30, 2035.
• The grant was made in accordance with the Issuer's Outside Director Compensation Plan.
• Following this transaction, Jeff D. Goldberg beneficially owns 3,297 derivative securities directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates standard director compensation and aligns management's interests with shareholders, without any negative implications for the company's operations or financial health.

Positives

• The grant of options aligns the interests of Director Jeff D. Goldberg with those of shareholders, as the value of the options increases with the company's stock price.
• The options were fully vested and exercisable on the grant date, providing immediate potential for the director to benefit from future stock appreciation.

Negatives

• The grant of options does not provide immediate cash compensation to the director.
• Potential future exercise of these options could lead to minor dilution for existing shareholders, though the amount is small.

Future Outlook

No forward-looking statements or guidance are provided in this document, as it is a report of a past insider transaction.

Industry Context

This filing reports a routine compensation event for a director, which is a standard practice across various industries to incentivize leadership and align their interests with company performance. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The grant of options to Director Jeff D. Goldberg constitutes a related party transaction, as it is compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The option grant aligns the director's financial incentives with shareholder value creation, potentially leading to better long-term performance.
• Management: The director receives equity-based compensation, which is a common practice to attract and retain qualified board members.

Key Dates

Keywords

Modular Medical, MODD, Jeff Goldberg, stock options, director compensation, insider transaction, SEC Form 4, equity grant, beneficial ownership