Modular Medical director receives 250-share option grant
Modular Medical, Inc. director Philip Brent Sheibley received an option grant to purchase 250 shares of common stock on the company’s stock.
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Form Type
4
Rhea-AI Filing Summary
Modular Medical, Inc. director Philip Brent Sheibley received an option grant to purchase 250 shares of common stock on the company’s stock. The option has an exercise price of $4.55 per share, was granted under the company’s Outside Director Compensation Plan, and was fully vested and exercisable on the grant date.
Following the grant, Sheibley beneficially owns 250 options of this class of derivative security, according to the Form 4.
Insider Trade Summary
Grant/Award: 250 shares
Grant/Award
1 txn
Insider
Sheibley Philip Brent
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 250 | $0.00 | $0.00 |
Holdings After Transaction:
Option to purchase common stock — 250 contracts (Direct)
Footnotes (2)
- F1. The option was granted to the Reporting Person in accordance with the Issuer's Outside Director Compensation Plan, and the option was 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 size: 250 shares
Exercise price: $4.55 per share
Expiration date: March 31, 2036
+1 more
4 metrics
Option grant size
250 shares
Option to purchase common stock granted to director
Exercise price
$4.55 per share
Option exercise price for the 250-share grant
Expiration date
March 31, 2036
Option term end date
Total options held (this class)
250 options
Beneficial ownership following the reported transaction
Key Terms
Outside Director Compensation Plan, beneficial ownership, derivative security
3 terms
Outside Director Compensation Plan financial
"The option was granted ... in accordance with the Issuer's Outside Director Compensation Plan"
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Modular Medical (MODD) report for Philip Brent Sheibley?
Modular Medical reported that director Philip Brent Sheibley received an option grant for 250 shares of common stock. The option was issued under the Outside Director Compensation Plan and became fully vested and exercisable immediately on the grant date.
How many Modular Medical (MODD) options did the director receive and at what price?
The director received an option to purchase 250 shares of Modular Medical common stock at an exercise price of $4.55 per share. This grant represents his total beneficial ownership of this class of derivative security reported on the Form 4.
When do the Modular Medical (MODD) options granted to Philip Brent Sheibley expire?
The options granted to Philip Brent Sheibley expire on March 31, 2036. Until that expiration date, he may choose to exercise the options by paying the $4.55 per-share exercise price to acquire Modular Medical common stock.
Were the Modular Medical (MODD) director options immediately vested?
Yes. The Form 4 states the option grant to director Philip Brent Sheibley was fully vested and exercisable on the grant date. This means he does not need to satisfy additional service or performance conditions before exercising the options.
Under what plan were the Modular Medical (MODD) options granted to the director?
The 250-share option grant was made under Modular Medical’s Outside Director Compensation Plan. This plan governs how non-employee directors are compensated with equity awards such as options, including vesting terms and other key conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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