Filing Details

Accession Number:
0000919574-24-007009
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-12-04 18:05:34
Reporting Period:
2024-12-03
Accepted Time:
2024-12-04 18:05:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1074871 Modular Medical Inc. MODD Surgical & Medical Instruments & Apparatus (3841) 870620495
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1093241 Jeb Partners, L.p. 2 Calle Candina, #1701
San Juan PR 00907
No No No Yes
1169253 Manchester Management Co Llc 2 Calle Candina, #1701
San Juan PR 00907
No No Yes Yes
1411524 Manchester Explorer, L.p. 2 Calle Candina, #1701
San Juan PR 00907
No No Yes Yes
1512127 E James Besser 2 Calle Candina, #1701
San Juan PR 00907
Chief Executive Officer No Yes Yes No
1593072 C. Morgan Frank 2 Calle Candina, #1701
San Juan PR 00907
Yes No Yes No
1735534 Manchester Management Pr, Llc 2 Calle Candina, #1701
San Juan PR 00907
No No Yes Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Acquisiton 2024-12-03 21,000 $1.68 265,750 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share 330,473 Indirect See Footnote
Common Stock, Par Value $0.001 Per Share 3,284,743 Indirect See Footnote
Common Stock, Par Value $0.001 Per Share 206,226 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $1.65 to $1.73. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote.
  2. The reported securities are directly owned by James E. Besser in his personal capacity.
  3. 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 Company LLC ("Manchester Management"), the general partner of JEB Partners, (ii) Manchester Management PR, LLC ("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.
  4. 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, the general partner of Explorer, (ii) Manchester PR, the investment adviser to Manchester Management, (iii) James E. Besser, the managing member of Manchester Management and Manchester PR and (iv) Morgan Frank, who serves as a portfolio manager and as a consultant for Explorer. 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.
  5. The reported securities are directly owned by Morgan C. Frank in his personal capacity.