Form 4: Modular Medical Director Steven Felsher Increases Stake Through Compensation Plan

Modular Medical, Inc. Director Steven G. Felsher acquired additional common stock and stock options as part of the company's Outside Director Compensation Plan.

Summary

• Steven G. Felsher, a Director of Modular Medical, Inc. (MODD), acquired 750 shares of common stock on June 30, 2025.
• These shares were issued to Mr. Felsher pursuant to the Issuer's Outside Director Compensation Plan.
• Following this transaction, Mr. Felsher beneficially owns 192,427 shares of common stock directly.
• Mr. Felsher was also granted 7,500 options to purchase common stock on June 30, 2025, with an exercise price of $0.68 per share.
• The options were granted under the Issuer's Outside Director Compensation Plan and were fully vested and exercisable on the grant date.
• The options have an expiration date of June 30, 2035.
• Following this transaction, Mr. Felsher beneficially owns 7,500 derivative securities (options) directly.

Sentiment

Score: 6

Explanation: The document reports a routine insider transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with shareholders. There are no negative disclosures.

Positives

• A director increasing their stake in the company, even through a compensation plan, can signal confidence in the company's future prospects.
• The existence of an Outside Director Compensation Plan indicates a structured approach to aligning director interests with shareholder interests.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The acquisition of shares and options by a director as part of a compensation plan is a standard practice across various industries, designed to align the interests of company leadership with those of shareholders. This type of transaction is common in publicly traded companies, including those in the medical device or healthcare sector like Modular Medical, Inc.

Corporate Governance

Related Party Transactions

• The acquisition of common stock and stock options by Director Steven G. Felsher under the Issuer's Outside Director Compensation Plan constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through a compensation plan, can be perceived as a positive signal of management's confidence in the company's future, potentially fostering investor trust.

Key Dates

Keywords

Modular Medical, MODD, Steven Felsher, Director Compensation, Insider Trading, SEC Form 4, Beneficial Ownership, Stock Options, Equity Compensation