MODD director granted stock, options as compensation
Modular Medical, Inc. director Steven G. Felsher reported compensation-related equity awards.
Rhea-AI Filing Summary
Modular Medical, Inc. director Steven G. Felsher reported compensation-related equity awards. He received an option to purchase 250 shares of common stock at an exercise price of $4.55 per share, fully vested and exercisable on the grant date, under the Outside Director Compensation Plan. He was also granted 25 shares of common stock with no purchase price. After this grant, he directly owns 8,473 shares of common stock. The reported share amounts reflect the impact of a 1-for-30 reverse stock split effective March 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 275 shares
Grant/Award
2 txns
Insider
FELSHER STEVEN G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 250 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 25 | $0.00 | $0.00 |
Holdings After Transaction:
Option to purchase common stock — 250 contracts (Direct);
Common Stock — 8,473 shares (Direct)
Footnotes (4)
- F1. These shares were issued to the Reporting Person pursuant to the Issuer's 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.
- F3. 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.
- F4. 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
Option exercise price: $4.55 per share
Option expiration: March 31, 2036
+3 more
6 metrics
Option grant size
250 shares
Option to purchase common stock granted March 31, 2026
Option exercise price
$4.55 per share
Exercise price for director stock option
Option expiration
March 31, 2036
Expiration date of director stock option
Stock grant size
25 shares
Common stock granted at $0.00 as compensation
Post-transaction common shares
8,473 shares
Total direct common stock held after grant
Reverse stock split ratio
1-for-30
Reverse split of common stock effective March 31, 2026
Key Terms
Outside Director Compensation Plan, 1-for-30 reverse stock split, fully vested and exercisable, beneficial ownership, +1 more
5 terms
Outside Director Compensation Plan financial
"These shares were issued to the Reporting Person pursuant to the Issuer's Outside Director Compensation Plan."
1-for-30 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."
fully vested and exercisable financial
"the option was fully vested and exercisable on the grant date."
beneficial ownership financial
"column 9 reports only total beneficial ownership of the "class" of derivative security reported in column 1."
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 transactions did Modular Medical (MODD) report for Steven G. Felsher?
Modular Medical reported that director Steven G. Felsher received an option for 250 shares at $4.55 per share and a grant of 25 common shares, both issued as compensation under the company’s Outside Director Compensation Plan on March 31, 2026.
Were the MODD Form 4 transactions open-market buys or sales?
The MODD Form 4 transactions were compensation grants, not open-market trades. Both the 250-share option and the 25-share common stock award were issued at a price of $0.00, reflecting grants under the Outside Director Compensation Plan rather than market purchases or sales.
What are the key terms of Steven G. Felsher’s stock option from Modular Medical (MODD)?
Steven G. Felsher received an option to purchase 250 shares of MODD common stock at an exercise price of $4.55 per share, expiring March 31, 2036. The option was granted under the Outside Director Compensation Plan and was fully vested and exercisable on the grant date.
What is the nature of the equity awards granted to the MODD director on March 31, 2026?
Both awards were made as outside director compensation. The company issued 25 common shares at no cost and granted an immediately vested option covering 250 common shares at a $4.55 exercise price, consistent with the terms of the Outside Director Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
