Director at Modular Medical (NASDAQ: MODD) granted 250 stock options at $4.55
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goldberg Jeff D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to purchase common stock | 250 | $0.00 | -- |
Holdings After Transaction:
Option to purchase common stock — 250 shares (Direct)
Footnotes (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. 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
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.