Modular Medical grants 11,218 stock options to officer
Modular Medical, Inc. reported that company officer Paul DiPerna received a grant of stock options as part of his compensation.
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Form Type
4
Rhea-AI Filing Summary
Modular Medical, Inc. reported that company officer Paul DiPerna received a grant of stock options as part of his compensation. He was awarded options to purchase 11,218 shares of common stock at an exercise price of $3.46 per share, expiring on May 14, 2036. One third of the options will vest on May 14, 2027, with the remaining portion vesting in equal monthly installments over the following 36 months. After this grant, DiPerna holds 11,218 options of this class directly.
Insider Trade Summary
Grant/Award: 11,218 shares
Grant/Award
1 txn
Insider
DiPerna Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 11,218 | $0.00 | $0.00 |
Holdings After Transaction:
Option to purchase common stock — 11,218 contracts (Direct)
Footnotes (2)
- F1. This option shall vest as to 1/3rd of the shares subject to the option on May 14, 2027 and as to 1/36th of the shares subject to the option on a monthly basis thereafter.
- 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
Options granted: 11,218 options
Exercise price: $3.46 per share
Expiration date: May 14, 2036
+3 more
6 metrics
Options granted
11,218 options
Grant of option to purchase common stock on May 14, 2026
Exercise price
$3.46 per share
Strike price for underlying common stock
Expiration date
May 14, 2036
Option term end date
Underlying shares
11,218 shares
Common stock subject to the option
Post-transaction options of this class
11,218 options
Total beneficial ownership for this option class after grant
Initial vesting
1/3 on May 14, 2027
Time-based vesting milestone
Key Terms
Option to purchase common stock, derivative security, vesting, beneficial ownership, +1 more
5 terms
Option to purchase common stock financial
"security_title: Option to purchase common stock"
derivative security financial
"reports only total beneficial ownership of the "class" of derivative security"
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.
vesting financial
"This option shall vest as to 1/3rd of the shares subject to the option"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
beneficial ownership financial
"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.
exercise price financial
"Options that have different exercise prices or vesting terms"
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 insider transaction did Modular Medical (MODD) report for Paul DiPerna?
Modular Medical reported that officer Paul DiPerna received a grant of options to purchase 11,218 shares of common stock. These options were awarded at an exercise price of $3.46 per share as part of his compensation and are held directly.
What are the key terms of Paul DiPerna’s new stock options at Modular Medical (MODD)?
Paul DiPerna was granted options for 11,218 shares of Modular Medical common stock at a $3.46 exercise price, expiring May 14, 2036. The grant is a derivative security giving him the right, but not obligation, to buy shares at that price.
How do Paul DiPerna’s Modular Medical (MODD) options vest over time?
One third of the 11,218 options will vest on May 14, 2027. The remaining two thirds vest in equal 1/36th increments each month thereafter, creating a four-year vesting schedule tied to continued service with the company.
How many options does Paul DiPerna hold after this Modular Medical (MODD) Form 4?
Following this reported transaction, column 9 shows Paul DiPerna beneficially owns 11,218 options of this class. The Form 4 notes that options with different exercise prices or vesting terms are treated as separate classes for reporting purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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