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AI brief of an SEC Form 8-K · Modular Medical, Inc. (MODD)

Modular Medical grants stock options to CFO Paul DiPerna and COO Kevin Schmid

Neutral Impact 2 of 5 leadership Written later

Modular Medical's board awarded stock options on May 14, 2026 to Chairman, President, CFO and Treasurer Paul DiPerna and to COO Kevin Schmid, at an exercise price of $3.46 per share. The filing describes routine equity compensation under the company's 2017 Equity Incentive Plan, with no change in officer roles disclosed, and its effect on shareholders depends on how many shares are eventually issued.

Key points

  • Board awarded 11,218 stock options to Paul DiPerna and 4,674 stock options to Kevin Schmid on May 14, 2026.
  • Exercise price is $3.46 per share; options expire May 14, 2036.
  • One-third of each award vests May 14, 2027, with the remainder vesting monthly in 1/24th increments thereafter, subject to continued service.
  • Awards were made under the Amended and Restated 2017 Equity Incentive Plan, as amended.

The filing

CompanyModular Medical, Inc. (MODD)
Form8-K, current report
Filed with the SECMay 20, 2026, 4:30 PM ET
Accession number0001213900-26-059557

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.