12/15/2025 | Press release | Distributed by Public on 12/15/2025 15:30
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Warrants to purchase Common Stock(2) | $0.45 | 12/11/2025 | A | 30,000 | 12/11/2025 | 12/11/2030 | Common Stock | 30,000 | (1)(2) | 30,000(3) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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FELSHER STEVEN G C/O MODULAR MEDICAL, INC. 10740 THORNMINT ROAD SAN DIEGO,, CA 92127 |
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| /s/ James Sullivan, attorney-in-fact for Steven Felsher | 12/15/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | On December 11, 2025, Reporting Person purchased in an underwritten public offering (a) 60,000 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") and (b) warrants (each, a "Warrant") to purchase 30,000 shares of Common Stock, at an offering price of $0.77 for each two shares of Common Stock and one Warrant. |
| (2) | The Warrants were purchased by the Reporting Person from the Issuer in an underwritten public offering, were immediately exercisable and expire on the date that is five years from the date of issuance. |
| (3) | 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. Securities that have different exercise prices or vesting terms are not considered to be of the same "class." |