{"url_path":"/sec/modd/8-k/2026-05-20/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1074871/0001213900-26-059557-index.html","accession_number":"0001213900-26-059557","cik":"0001074871","ticker":"MODD","issuer_name":"Modular Medical, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1074871/0001213900-26-059557-index.html","primary_entity_key":"0001074871","primary_entity_name":"Modular Medical, Inc."},"word_count":202,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain Officers; Election of\nDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n** **\n\n*Stock Option Awards to Named Executive Officers*\n\n** **\n\nOn May 14, 2026, the board of directors of Modular\nMedical, Inc. (the “Company”) awarded 11,218 stock options to Paul DiPerna, the Company’s Chairman, President, Chief\nFinancial Officer and Treasurer, and 4,674 stock options to Kevin Schmid, the Company’s Chief Operating Officer. The stock options\nhave an exercise price of $3.46 per share of common stock and vest as follows: one-third of the shares subject to the option on May 14,\n2027 and as to 1/24th of the remaining shares subject to the option on a monthly basis thereafter, subject to continued service on each\nvesting date. The stock options expire on May 14, 2036. The stock options were awarded pursuant to the Company’s Amended and Restated\n2017 Equity Incentive Plan, as amended.\n\n \n\nThe foregoing description of the stock option\nawards does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Notice of Grant of\nStock Option Award and Agreement, which is attached hereto as Exhibit 10.1, and is incorporated herein by reference."}