Modular Medical director receives 250 fully vested options

Modular Medical, Inc. director Jeff D. Goldberg received an option grant for 250 shares of common stock on March 31, 2026.

Rhea-AI Filing Summary

Modular Medical, Inc. director Jeff D. Goldberg received an option grant for 250 shares of common stock on March 31, 2026. 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 this grant, he beneficially owns 250 derivative securities of this option class.

Insider Trade Summary

Grant/Award: 250 shares

Grant/Award 1 txn

Insider Goldberg Jeff D

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)

1. 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.
2. 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 options Exercise price: $4.55 per share Expiration date: March 31, 2036 +2 more

5 metrics

Option grant size 250 options Granted to director on March 31, 2026

Exercise price $4.55 per share Strike price for option to purchase common stock

Expiration date March 31, 2036 Option term for director grant

Beneficial ownership of this option class 250 derivative securities Total options of this class following transaction

Vesting status Fully vested on grant Option fully vested and exercisable on March 31, 2026

Key Terms

Option to purchase common stock, Outside Director Compensation Plan, beneficial ownership, derivative security, +1 more

5 terms

Option to purchase common stock financial

"security_title: Option to purchase common stock"

Outside Director Compensation Plan financial

"granted to the Reporting Person 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

"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 Modular Medical (MODD) director Jeff D. Goldberg report on this Form 4?

Jeff D. Goldberg reported receiving an option grant for 250 shares of Modular Medical common stock. The options were issued as director compensation, giving him the right to buy shares at a fixed price if he chooses to exercise them later.

How many options did Jeff D. Goldberg receive from Modular Medical (MODD)?

He received options to purchase 250 shares of Modular Medical common stock. This is a relatively small grant, reflecting standard outside director compensation rather than a large insider trade or significant change in ownership levels.

What is the exercise price of Jeff D. Goldberg’s Modular Medical (MODD) options?

The options have an exercise price of $4.55 per share. This means Goldberg can buy Modular Medical common stock at $4.55 per share any time before the options expire, regardless of the market price at that future date.

When do Jeff D. Goldberg’s Modular Medical (MODD) options vest and expire?

The options were fully vested and exercisable on the grant date, March 31, 2026. They expire on March 31, 2036, giving Goldberg a 10-year window to decide whether and when to exercise these rights to purchase common shares.

Were Jeff D. Goldberg’s Modular Medical (MODD) options granted under a specific plan?

Yes. The options were granted under Modular Medical’s Outside Director Compensation Plan. This indicates they are part of routine board compensation, aligning director incentives with shareholders by tying part of pay to the company’s share performance over time.

How many derivative securities of this class does Jeff D. Goldberg hold after this Modular Medical (MODD) grant?

After this grant, Goldberg beneficially owns 250 derivative securities of this specific option class. The filing notes that options with different exercise prices or vesting terms are treated as separate classes and are therefore not included in this reported total.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/08/2026 - 05:01 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goldberg Jeff D

(Last) (First) (Middle)

C/O MODULAR MEDICAL, INC.

10740 THORNMINT ROAD

(Street)

SAN DIEGO CALIFORNIA 92127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Modular Medical, Inc. [ MODD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to purchase common stock(1)	$4.55	03/31/2026		A		250		03/31/2026	03/31/2036	Common Stock	250	(1)	250(2)	D

Explanation of Responses:

1. 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.

2. 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."

	/s/ James Sullivan, Attorney in Fact for Jeff D. Goldberg	04/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)