---
schema_version: "secwatch.filing_event.v1"
accession: "0001019056-21-000626"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2021-12-03T23:59:59+00:00"
generated_at: "2026-06-28T03:44:20.191322+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Modular Medical appoints Steven Felsher and Philip Sheibley to Board of Directors

## Summary
- Effective November 29, 2021, appointed Steven Felsher and Philip Sheibley as independent directors.
- Each director received an initial option to purchase 50,000 shares, vesting ratably over three years.
- Annual compensation: $30,000 retainer plus $100,000 equity award, payable quarterly in cash or stock.
- Felsher brings finance and governance experience; Sheibley brings life sciences and venture capital expertise.
- No family relationships or related party transactions exceeding $120,000 involving the appointees.

## SEC filing metadata
- accession: 0001019056-21-000626
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2021-12-03T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/0001019056-21-000626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/modular_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-21-000626
- JSON: https://secwatch.observer/filing/0001019056-21-000626.json
- Plain text: https://secwatch.observer/filing/0001019056-21-000626.txt

## Key facts
- Executive change
  Philip Sheibley was appointed as Director at Modular Medical, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective November 29, 2021, the board of directors (the “Board”) of Modular Medical, Inc. (the “Company”) appointed Steven Felsher and Philip Sheibley as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/0001019056-21-000626-index.htm
- Executive change
  Steven Felsher was appointed as Director at Modular Medical, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective November 29, 2021, the board of directors (the “Board”) of Modular Medical, Inc. (the “Company”) appointed Steven Felsher and Philip Sheibley as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000101905621000626/0001019056-21-000626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.