---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-031921"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:17:16.901576+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-031921
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390024031921/0001213900-24-031921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390024031921/ea0203660-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031921
- JSON: https://secwatch.observer/filing/0001213900-24-031921.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031921.txt

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