Manchester Management Co Llc - Feb 16, 2024 Form 4 Insider Report for Modular Medical, Inc. (MODD)

Role
Director, Director by Deputization, 10%+ Owner
Signature
Manchester Management Company, LLC By: /s/ James E. Besser, Managing Member
Stock symbol
MODD
Transactions as of
Feb 16, 2024
Transactions value $
$990,000
Form type
4
Date filed
2/21/2024, 04:50 PM
Previous filing
Jan 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODD Common Stock, par value $0.001 per share Purchase $990K +900K +40.57% $1.10 3.12M Feb 16, 2024 See footnote F1
holding MODD Common Stock, par value $0.001 per share 330K Feb 16, 2024 See footnote F2
holding MODD Common Stock, par value $0.001 per share 145K Feb 16, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
F3 The reported securities are directly owned by James E. Besser in his personal capacity.