---
schema_version: "secwatch.filing_event.v1"
accession: "0001019056-22-000516"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:02:51.708297+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Modular Medical amends director comp plan; sets $10 floor for equity grants

## Summary
- Outside directors get $25k annual retainer for board service; $25k for chair; $5k for committee chair.
- Annual equity award of $100k per director, paid quarterly in options or shares at director election.
- Equity grants priced using $10 floor if penultimate quarter closing price is below $10.
- Amended plan approved July 19, 2022; replaces original plan from May 2021.

## SEC filing metadata
- accession: 0001019056-22-000516
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000101905622000516/0001019056-22-000516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000101905622000516/modular_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-22-000516
- JSON: https://secwatch.observer/filing/0001019056-22-000516.json
- Plain text: https://secwatch.observer/filing/0001019056-22-000516.txt

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