Form 4: Modular Medical Director Steven Felsher Acquires Shares and Options

Director Steven Felsher acquired 750 shares of common stock and options to purchase 7,500 shares of common stock in Modular Medical, Inc.

Summary

• On March 31, 2025, Steven Felsher, a director of Modular Medical, Inc., acquired 750 shares of common stock at a price of $1.1 per share.
• Felsher also acquired options to purchase 7,500 shares of common stock with an exercise price of $1.1, exercisable immediately and expiring on March 31, 2035.
• These transactions were made pursuant to the Issuer's Outside Director Compensation Plan.
• Following these transactions, Felsher beneficially owns 191,677 shares of common stock and options to purchase 7,500 shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine compensation and insider transactions. The director's increased stake could be seen as a positive signal, but it's not a major event.

Positives

• The acquisition of shares and options by a director signals confidence in the company's future.
• The options are fully vested and exercisable immediately, indicating a long-term commitment from the director.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Related Party Transactions

• The shares and options were issued to the Reporting Person pursuant to the Issuer's Outside Director Compensation Plan.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The director's increased stake could be viewed positively by shareholders.

Key Dates

Keywords

Modular Medical, Director Compensation, Stock Options, Share Acquisition, Beneficial Ownership, Form 4, Insider Trading