Modular Medical (MODD) director awarded 83 shares after 1-for-30 reverse split
Rhea-AI Filing Summary
DeSisto Duane M reported acquisition or exercise transactions in this Form 4 filing.
Modular Medical, Inc. director Duane M. DeSisto received a grant of 83 shares of common stock on March 31, 2026 as compensation under the company’s Outside Director Compensation Plan. The grant was at no cash cost per share and brought his directly held stake to 8,544 shares.
A 1-for-30 reverse stock split of Modular Medical’s common stock, effective March 31, 2026, is reflected in the reported share amounts, meaning both the grant and total holdings are shown on a post-split basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 83 shares
Net Buy
1 txn
Insider
DeSisto Duane M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 83 | $0.00 | $0.00 |
Holdings After Transaction:
Common stock — 8,544 shares (Direct)
Footnotes (2)
- F1. The Issuer issued these shares to the Reporting Person in accordance with its Outside Director Compensation Plan.
- F2. Share amount reflects the impact of a 1-for-30 reverse stock split of the Issuer's common stock effected on March 31, 2026.
Key Figures
Director share grant: 83 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 8,544 shares
+1 more
4 metrics
Director share grant
83 shares
Common stock grant on March 31, 2026
Grant price per share
$0.0000 per share
Compensation award, non-cash
Shares held after transaction
8,544 shares
Director Duane M. DeSisto, post-transaction holdings
Reverse stock split ratio
1-for-30
Common stock split effective March 31, 2026
Key Terms
Outside Director Compensation Plan, reverse stock split, Common stock
3 terms
Outside Director Compensation Plan financial
"The Issuer issued these shares to the Reporting Person in accordance with its Outside Director Compensation Plan."
reverse stock split financial
"Share amount reflects the impact of a 1-for-30 reverse stock split of the Issuer's common stock effected on March 31, 2026."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Common stock financial
"security_title: Common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Modular Medical (MODD) report for Duane DeSisto?
Modular Medical reported that director Duane M. DeSisto received a grant of 83 shares of common stock on March 31, 2026. The shares were issued as compensation under the company’s Outside Director Compensation Plan, increasing his directly held position to 8,544 shares after the transaction.