secwatch.observer — SEC 8-K summary
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Issuer:     Modular Medical, Inc. (MODD)
CIK:        0001074871
Form:       8-K
Filed at:   2026-05-20T20:30:21+00:00
Accession:  0001213900-26-059557
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modular Medical grants 15,892 stock options to CEO/CFO and COO
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- 11,218 options awarded to Chairman/President/CFO Paul DiPerna.
- 4,674 options awarded to COO Kevin Schmid.
- Exercise price $3.46; vesting begins May 14, 2027 (1/3) then monthly (1/24).
- Options expire on May 14, 2036; granted under Amended 2017 Equity Plan.
- No departure or election; purely compensatory arrangement for named officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074871/000121390026059557/0001213900-26-059557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074871/000121390026059557/ea0291750-8k_modular.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-059557

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer