Modular Medical raises salaries for President DiPerna & COO Schmid; grants 150k total options

Modular Medical, Inc.

Paul DiPerna's base salary increased from $300k to $360k retroactive April 1, 2024; title changed from CEO to President.
Kevin Schmid's base salary increased from $250k to $300k retroactive April 1, 2024.
DiPerna granted option for 100k shares at $1.52, vesting 1/3 after one year then monthly over 3 years.
Schmid granted option for 50k shares at $1.52 on same vesting schedule.
Total options granted: 150k shares under Amended 2017 Equity Incentive Plan.

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