Modular Medical missed FDA clearance deadline for MODD-1; grants new options with Dec 31, 2024 vesting

Modular Medical, Inc.

Milestone 2 options (FDA clearance by Aug 1, 2024) canceled on Aug 2, 2024; no clearance received.
On Aug 22, 2024, granted 58,560 options to Paul DiPerna and 24,400 to Kevin Schmid at $1.71 strike.
Also granted options for 256,338 shares to non-executive employees, same $1.71 strike and vesting conditions.
New options vest only if FDA notification received by Dec 31, 2024; otherwise terminate Jan 1, 2025.
Previous Milestone 1 options (Jan 19, 2024) vested; exercise price was $1.11.

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