Philip Sheibley - Mar 20, 2025 Form 4 Insider Report for Modular Medical, Inc. (MODD)

Role
Director
Signature
/s/ James Sullivan, attorney-in-fact for Philip Sheibley
Stock symbol
MODD
Transactions as of
Mar 20, 2025
Transactions value $
$0
Form type
4
Date filed
3/24/2025, 07:55 PM
Previous filing
Jan 3, 2025
Next filing
Apr 1, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODD Common Stock Award +9.37K +14.17% 75.5K Mar 20, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MODD Warrants to purchase Common Stock Award +4.69K 4.69K Mar 20, 2025 Common Stock 4.69K $1.12 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 20, 2025, the Issuer and the Reporting Person entered into a Securities Purchase Agreement (the "Purchase Agreement") for the private placement of 4,687 units (each a "Unit"), with each Unit consisting of (a) two shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") and (b) one warrant (a "Warrant") to purchase one share of Common Stock, at an offering price of $1.92 per Unit.
F2 The warrants were purchased by the Reporting Person from the Issuer in a private placement pursuant to the Purchase Agreement, were immediately exercisable and expire on the date that is four years from the date of issuance.
F3 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. Securities that have different exercise prices or vesting terms are not considered to be of the same "class."