MANCHESTER MANAGEMENT CO LLC purchased 17.8% of their position (300K shares) of MODULAR MEDICAL, INC. on the open market

Open‑market purchase worth $1.80M — a significant purchase. The strongest form of insider conviction signal.

P · 1 purchase

MANCHESTER MANAGEMENT CO LLC

Filed: 2/14/2022ACC: 0000919574-22-001656

InsiderMANCHESTER MANAGEMENT CO LLCCIK 1169253

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IssuerMODULAR MEDICAL, INC.CIK 1074871

10% Owner

Since Nov 2018

+600K

Net shares

Net buyer

$1.80M

Total acquired

Open market trades

1B · 0S

Total transactions

600K acquired

Non-Derivative Transactions1

Common Stock, par value $0.001 per share

Indirect

P · Purchase

+300K

Price / share

$6.00

Trade value

$1.80M

% of position

17.8%

2/10/2022

1.68M→1.98M

Total

Net shares

+300K

Net value

$1.80M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.001 per share Indirect	2/10/2022	P · Purchase	+300K	$6.00	$1.80M	17.8%	1.68M	1.98M
Total			+300K		$1.80M

Derivative Transactions1

Common Stock Purchase Warrant

Indirect

A · Award

Converts to

Common Stock, par value $0.001 per share

300K shares

+300K

Strike price

6.60

Held after

300K

Exercisable

—

2/10/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Common Stock Purchase Warrant Indirect	Common Stock, par value $0.001 per share300K shares	2/10/2022	A · Award	+300K	6.60	—	300K

Non-Derivative Holdings (Post-Transaction)3

Common Stock, par value $0.001 per share

Indirect

Shares owned317.47K

Common Stock, par value $0.001 per share

Direct

Shares owned60.28K

Common Stock, par value $0.001 per share

Direct

Shares owned124.75K

Total

185.03K direct·317.47K indirect502.50K

Security Title	Shares Owned	Ownership Type
Common Stock, par value $0.001 per share	317.47K	Indirect
Common Stock, par value $0.001 per share	60.28K	Direct
Common Stock, par value $0.001 per share	124.75K	Direct
Total	502.50K	185.03K direct·317.47K indirect

Derivative Holdings (Post-Transaction)2

Common Stock Purchase Warrant

Indirect

Underlying security

Common Stock, par value $0.001 per share

Underlying shares

N/A

Shares owned

126.39K

Exercise price

2.87

Expiration

—

Exercise window

—

Convertible Promissory Not

Indirect

Underlying security

Common Stock, par value $0.001 per

Underlying shares

N/A

Shares owned

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

0.00

Owned

1.13M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Common Stock Purchase Warrant Indirect	Common Stock, par value $0.001 per share	2.87	—	—	N/A	126.39K
Convertible Promissory Not Indirect	Common Stock, par value $0.001 per		—	—	N/A	1M
Total					0.00	1.13M