SCHEDULE: 683 Capital Discloses 3.3% Stake in Modular Medical

683 Capital Management, LP, and Ari Zweiman have filed an amended Schedule 13G, reporting a 3.3% beneficial ownership in Modular Medical, Inc.

Summary

• 683 Capital Management, LLC, 683 Capital Partners, LP, and Ari Zweiman collectively beneficially own 1,869,259 shares of Modular Medical, Inc. Common Stock.
• This ownership represents approximately 3.3% of the outstanding Common Shares.
• The beneficial ownership includes 982,103 common shares and warrants to purchase an additional 887,156 shares.
• The percentage is calculated based on 55,274,596 common shares outstanding as of August 8, 2025, plus the 887,156 exercisable warrant shares.
• The reporting persons certified that the shares were not acquired for the purpose of changing or influencing control of Modular Medical, Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without indicating significant positive or negative sentiment regarding the issuer's performance or prospects. The ownership percentage is below the 5% threshold for initial filings, and it's an amendment, suggesting a stable or slightly adjusted position.

Risks

• The reporting persons certified that the securities were not acquired and are not held for the purpose of changing or influencing the control of Modular Medical, Inc., nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Provides transparency to shareholders regarding institutional ownership.
• May slightly increase investor confidence by showing institutional interest, though the stake is below 5%.

Key Dates

Keywords

Modular Medical Inc., 683 Capital Management, 683 Capital Partners, Ari Zweiman, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investor, Equity Stake