MANCHESTER MANAGEMENT CO LLC purchased 133.7% of their position (174.22K shares) of MODULAR MEDICAL, INC. on the open market

Open‑market purchase worth $500.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 3 purchases

MANCHESTER MANAGEMENT CO LLC

Filed: 10/29/2021ACC: 0000919574-21-006530

InsiderMANCHESTER MANAGEMENT CO LLCCIK 1169253

→

IssuerMODULAR MEDICAL, INC.CIK 1074871

10% Owner

Since Nov 2018

+1.55M

Net shares

Net buyer

$500.0K

Total acquired

Open market trades

3B · 0S

Total transactions

2.55M acquired · 1M disposed

Non-Derivative Transactions3

Common Stock, par value $0.001 per share

Indirect

P · Purchase

+34.84K

Price / share

$2.87

Trade value

$100K

% of position

0.7%

6/30/2020

5.02M→5.05M

Common Stock, par value $0.001 per share

Indirect

P · Purchase

+104.53K

Price / share

$2.87

Trade value

$300K

% of position

11.4%

6/30/2020

917.58K→1.02M

Common Stock, par value $0.001 per share

Direct

P · Purchase

+34.84K

Price / share

$2.87

Trade value

$100K

% of position

12.9%

11/30/2020

269.72K→304.56K

Total

Net shares

+174.22K

Net value

$500K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.001 per share Indirect	6/30/2020	P · Purchase	+34.84K	$2.87	$100K	0.7%	5.02M	5.05M
Common Stock, par value $0.001 per share Indirect	6/30/2020	P · Purchase	+104.53K	$2.87	$300K	11.4%	917.58K	1.02M
Common Stock, par value $0.001 per share Direct	11/30/2020	P · Purchase	+34.84K	$2.87	$100K	12.9%	269.72K	304.56K
Total			+174.22K		$500K

Derivative Transactions4

Convertible Promissory Note

Indirect

P · Purchase

Converts to

Common Stock, par value $0.001 per share

+1M

Strike price

Held after

Exercisable

—

2/8/2021

Convertible Promissory Note

Indirect

D · Disposition

Converts to

Common Stock, par value $0.001 per share

−1M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Convertible Promissory Note

Indirect

A · Award

Converts to

Common Stock, par value $0.001 per share

+1M

Strike price

Held after

Exercisable

—

5/11/2021

Common Stock Pur-chase Warrant

Indirect

A · Award

Converts to

Common Stock, par value $0.001 per share

+379.17K

Strike price

2.87

Held after

379.17K

Exercisable

—

5/11/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Convertible Promissory Note Indirect	Common Stock, par value $0.001 per share	2/8/2021	P · Purchase	+1M		—	1M
Convertible Promissory Note Indirect	Common Stock, par value $0.001 per share	5/11/2021	D · Disposition	−1M		—	0.00
Convertible Promissory Note Indirect	Common Stock, par value $0.001 per share	5/11/2021	A · Award	+1M		—	1M
Common Stock Pur-chase Warrant Indirect	Common Stock, par value $0.001 per share	5/11/2021	A · Award	+379.17K	2.87	—	379.17K

Non-Derivative Holdings (Post-Transaction)1

Common Stock, par value $0.001 per share

Direct

Shares owned180.83K

Total

180.83K direct180.83K

Security Title	Shares Owned	Ownership Type
Common Stock, par value $0.001 per share	180.83K	Direct
Total	180.83K	180.83K direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported