Modular Medical director granted stock options
Modular Medical, Inc. director and ten percent owner C. Frank Morgan received fully vested options to purchase an additional 312 shares of common stock as compensation.
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Form Type
4
Rhea-AI Filing Summary
Modular Medical, Inc. director and ten percent owner C. Frank Morgan received fully vested options to purchase an additional 312 shares of common stock as compensation. The awards consist of options for 62 shares and 250 shares, each with an exercise price of $4.55 per share, granted under the company’s Outside Director Compensation Plan.
Insider Trade Summary
Grant/Award: 312 shares
Grant/Award
2 txns
Insider
FRANK MORGAN C.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 62 | $0.00 | $0.00 |
| Grant/Award | Option to purchase common stock | 250 | $0.00 | $0.00 |
Holdings After Transaction:
Option to purchase common stock — 312 contracts (Direct)
Footnotes (2)
- F1. The options were granted to the Reporting Person in accordance with the Issuer's Outside Director Compensation Plan, and the options were fully vested and exercisable on the grant date.
- F2. In accordance with Instruction 4 to this Form, column 9 reports only total beneficial ownership of the "class" of derivative security reported in column 1. Options that have different exercise prices or vesting terms are not considered to be of the same "class."
Key Figures
Option grant 1: 62 options
Option grant 2: 250 options
Total options after grants: 312 options
+2 more
5 metrics
Option grant 1
62 options
Granted on 2026-03-31, underlying common stock
Option grant 2
250 options
Granted on 2026-03-31, underlying common stock
Total options after grants
312 options
Total beneficial ownership of this option class after transactions
Exercise price
$4.55/share
Conversion or exercise price for both option grants
Expiration date
2036-03-31
Option expiration for both grants
Key Terms
Outside Director Compensation Plan, fully vested and exercisable, beneficial ownership, derivative security, +1 more
5 terms
Outside Director Compensation Plan financial
"The options were granted to the Reporting Person in accordance with the Issuer's Outside Director Compensation Plan"
fully vested and exercisable financial
"the options were fully vested and exercisable on the grant date"
beneficial ownership financial
"column 9 reports only total beneficial ownership of the "class" of derivative security"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
derivative security financial
"total beneficial ownership of the "class" of derivative security reported in column 1"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"Options that have different exercise prices or vesting terms are not considered to be of the same "class.""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did C. Frank Morgan report in this Form 4 for MODD?
C. Frank Morgan reported receiving stock options as compensation from Modular Medical. He was granted options covering 62 shares and 250 shares of common stock, all fully vested on the grant date, giving him the right to buy these shares at a fixed exercise price.
What is the exercise price of the options granted to the MODD director?
The options granted to the director have an exercise price of $4.55 per share. This means he can purchase Modular Medical common stock at $4.55 for each of the 312 underlying shares, subject to the options’ terms and their stated expiration date in 2036.
Are the options granted to the Modular Medical director vested?
Yes, the Form 4 states the options were fully vested and exercisable on the grant date. They were issued in accordance with Modular Medical’s Outside Director Compensation Plan, so the director can exercise them immediately to purchase common shares at the fixed exercise price.
How many options does the MODD director hold after these grants?
After these grants, the Form 4 shows total beneficial ownership of 312 options of the reported derivative security class. A footnote explains that options with different exercise prices or vesting terms are considered separate classes and are not combined in that total column.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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