ESOPMay 20, 2026, 04:33 PM
Modular Medical Awards 15,892 Stock Options to Executives
AI Summary
Modular Medical, Inc. awarded a total of 15,892 stock options to its Chairman, President, CFO, and Treasurer, Paul DiPerna, and its Chief Operating Officer, Kevin Schmid. The options have an exercise price of $3.46 per share and will vest over time, with one-third vesting on May 14, 2027, and the remainder vesting monthly thereafter. The awards were made under the company's Amended and Restated 2017 Equity Incentive Plan and expire on May 14, 2036.
Key Highlights
- Modular Medical awarded 15,892 stock options to two executive officers.
- Paul DiPerna, Chairman, President, CFO, and Treasurer, received 11,218 stock options.
- Kevin Schmid, Chief Operating Officer, received 4,674 stock options.
- The stock options have an exercise price of $3.46 per share.
- Options vest one-third on May 14, 2027, then 1/24th of remaining shares monthly.
- The stock options expire on May 14, 2036.
Price Impact
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