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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 4/8/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1074871 |
| Issuer Name: Modular Medical, Inc. |
| Issuer Trading Symbol: MODD |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1506126 |
| | Owner Name: DiPerna Paul |
| Reporting Owner Address: |
| | Owner Street 1: C/O MODULAR MEDICAL, INC. |
| | Owner Street 2: 10740 THORNMINT ROAD |
| | Owner City: SAN DIEGO, |
| | Owner State: CA |
| | Owner ZIP Code: 92127 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: See Remarks |
| | Other Text: |
Aff 10b5 One: 0 |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Option to purchase common stock |
| | | Footnote ID: F1 |
| | Conversion or Exercise Price: |
| | | Value: 1.52 |
| | Transaction Date: |
| | | Value: 4/8/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 100,000 |
| | | Transaction Price Per Share: |
| Value: 1.52 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Value: 4/8/25 |
| | Expiration Date: |
| | | Value: 4/8/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 100,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 100,000 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: This option shall vest as to 1/3rd of the shares subject to the option on April 8, 2025 and as to 1/36th of the shares subject to the option on a monthly basis thereafter. |
| Footnote - 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." |
Remarks: Chairman, President, Chief Financial Officer and Treasurer |
Owner Signature: |
| Signature Name: /s/ James Sullivan, attorney-in-fact for Paul DiPerna |
| Signature Date: 4/9/24 |