MANCHESTER MANAGEMENT CO LLC

PrivateCIK: 1169253

Location

BOSTON, MA

MANCHESTER MANAGEMENT CO LLC exercised options at MODULAR MEDICAL, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

MANCHESTER MANAGEMENT CO LLC

Filed: 2/17/2022ACC: 0000919574-22-001710

InsiderMANCHESTER MANAGEMENT CO LLCCIK 1169253

→

IssuerMODULAR MEDICAL, INC.CIK 1074871

10% Owner

Since Nov 2018

-531.45K

Net shares

Net seller

$0.00

Total acquired

0

Open market trades

0B · 0S

3

Total transactions

468.55K acquired · 1M disposed

Non-Derivative Transactions1

Common Stock, par value $0.001 per share

Indirect

M · Option Exercise

Shares

+234.27K

Price / share

—

Trade value

—

% of position

11.8%

2/15/2022

1.98M→2.22M

Total

Net shares

+234.27K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.001 per share Indirect	2/15/2022	M · Option Exercise	+234.27K	—	—	11.8%	1.98M	2.22M
Total			+234.27K		$0.00

Derivative Transactions2

Convertible Promissory Note

Indirect

M · Option Exercise

Converts to

Common Stock, par value $0.001 per share; Warrant

Shares

−1M

Strike price

Held after

0.00

Exercisable

—

2/15/2022

Common Stock Purchase Warrant

Indirect

M · Option Exercise

Converts to

Common Stock, par value $0.001 per share

234.27K shares

Shares

+234.27K

Strike price

6.60

Held after

234.27K

Exercisable

—

2/15/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Convertible Promissory Note Indirect	Common Stock, par value $0.001 per share; Warrant	2/15/2022	M · Option Exercise	−1M		—	0.00
Common Stock Purchase Warrant Indirect	Common Stock, par value $0.001 per share234.27K shares	2/15/2022	M · Option Exercise	+234.27K	6.60	—	234.27K

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 owned124.75K

Common Stock, par value $0.001 per share

Direct

Shares owned60.28K

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	124.75K	Direct
Common Stock, par value $0.001 per share	60.28K	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

300K

Shares owned

300K

Exercise price

6.60

Expiration

—

Exercise window

—

Common Stock Purchase Warrant

Indirect

Underlying security

Common Stock, par value $0.001 per share

Underlying shares

N/A

Shares owned

119.24K

Exercise price

8.61

Expiration

—

Exercise window

—

Total

Underlying

300K

Owned

419.24K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Common Stock Purchase Warrant Indirect	Common Stock, par value $0.001 per share	6.60	—	—	300K	300K
Common Stock Purchase Warrant Indirect	Common Stock, par value $0.001 per share	8.61	—	—	N/A	119.24K
Total					300K	419.24K

MANCHESTER MANAGEMENT CO LLC — Insider Transaction (Form 4) Filed Feb 17, 2022 | Finecho