{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-072999","form_type":"8-K","ticker":"MODD","cik":"0001074871","company_name":"Modular Medical, Inc.","filed_at":"2024-08-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.101327+00:00","generated_at":"2026-05-31T07:20:35.659930+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Modular Medical missed FDA clearance deadline for MODD-1; grants new options with Dec 31, 2024 vesting","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-072999","json":"https://secwatch.observer/filing/0001213900-24-072999.json","markdown":"https://secwatch.observer/filing/0001213900-24-072999.md","text":"https://secwatch.observer/filing/0001213900-24-072999.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074871/000121390024072999/0001213900-24-072999-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074871/000121390024072999/ea0212472-8k_modular.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:20:35.659930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}