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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 2/16/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1074871 |
| Issuer Name: Modular Medical, Inc. |
| Issuer Trading Symbol: MODD |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1169253 |
| | Owner Name: MANCHESTER MANAGEMENT CO LLC |
| Reporting Owner Address: |
| | Owner Street 1: 2 CALLE CANDINA, #1701 |
| | Owner Street 2: |
| | Owner City: SAN JUAN |
| | Owner State: PR |
| | Owner ZIP Code: 00907 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? Yes |
| | Officer Title: |
| | Other Text: Director by Deputization |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1735534 |
| | Owner Name: MANCHESTER MANAGEMENT PR, LLC |
| Reporting Owner Address: |
| | Owner Street 1: 2 CALLE CANDINA, #1701 |
| | Owner Street 2: |
| | Owner City: SAN JUAN |
| | Owner State: PR |
| | Owner ZIP Code: 00907 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? Yes |
| | Officer Title: |
| | Other Text: Director by Deputization |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1512127 |
| | Owner Name: BESSER JAMES E |
| Reporting Owner Address: |
| | Owner Street 1: 2 CALLE CANDINA, #1701 |
| | Owner Street 2: |
| | Owner City: SAN JUAN |
| | Owner State: PR |
| | Owner ZIP Code: 00907 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: Chief Executive Officer |
| | Other Text: |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1411524 |
| | Owner Name: Manchester Explorer, L.P. |
| Reporting Owner Address: |
| | Owner Street 1: 2 CALLE CANDINA, #1701 |
| | Owner Street 2: |
| | Owner City: SAN JUAN |
| | Owner State: PR |
| | Owner ZIP Code: 00907 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? Yes |
| | Officer Title: |
| | Other Text: Director by Deputization |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1093241 |
| | Owner Name: JEB Partners, L.P. |
| Reporting Owner Address: |
| | Owner Street 1: 2 CALLE CANDINA, #1701 |
| | Owner Street 2: |
| | Owner City: SAN JUAN |
| | Owner State: PR |
| | Owner ZIP Code: 00907 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? Yes |
| | Officer Title: |
| | Other Text: Director by Deputization |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.001 per share |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 900,000 |
| | | Transaction Price Per Share: |
| Value: 1.10 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,118,227 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| Footnote ID: F1 |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F1 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 330,473 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| Footnote ID: F2 |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F2 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, par value $0.001 per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 144,750 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnote ID: F3 |
Footnotes: |
| Footnote - F1: The reported securities are owned directly by Manchester Explorer, L.P. ("Explorer") and may be deemed to be indirectly beneficially owned by (i) Manchester Management Company LLC ("Manchester Management"), the general partner of Explorer, (ii) Manchester Management PR, LLC ("Manchester PR"), the investment adviser to Manchester Management, (iii) and James E. Besser, the managing member of Manchester Management and Manchester PR. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| Footnote - F2: The reported securities are owned directly by JEB Partners, L.P. ("JEB Partners") and may be deemed to be indirectly beneficially owned by (i) Manchester Management, the general partner of JEB Partners, (ii) Manchester PR, the investment adviser to Manchester Management, and (iii) James E. Besser, the managing member of Manchester Management and Manchester PR. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| Footnote - F3: The reported securities are directly owned by James E. Besser in his personal capacity. |
Owner Signature: |
| Signature Name: Manchester Management Company, LLC By: /s/ James E. Besser, Managing Member |
| Signature Date: 2/21/24 |
Owner Signature: |
| Signature Name: Manchester Management Company PR, LLC By: /s/ James E. Besser, Managing Member |
| Signature Date: 2/21/24 |
Owner Signature: |
| Signature Name: James E. Besser By: /s/ James E. Besser |
| Signature Date: 2/21/24 |
Owner Signature: |
| Signature Name: Manchester Explorer, L.P. By: /s/ James E. Besser, Managing Member of the General Partner |
| Signature Date: 2/21/24 |
Owner Signature: |
| Signature Name: JEB Partners, L.P. By: /s/ James E. Besser, Managing Member of the General Partner |
| Signature Date: 2/21/24 |