SCHEDULE: 683 Capital Management Discloses Stake in Modular Medical

683 Capital Management, LLC, along with affiliated entities and individuals, has reported a beneficial ownership stake of 4.67% in Modular Medical, Inc. as of March 31, 2026.

Summary

• 683 Capital Management, LLC, 683 Capital Partners, LP, and Ari Zweiman (collectively, the "Reporting Persons") have filed a Schedule 13G, indicating their beneficial ownership of Modular Medical, Inc. common stock.
• As of March 31, 2026, the Reporting Persons beneficially owned 125,001 shares of common stock and warrants to purchase an additional 134,239 shares.
• The total percentage of class represented by these holdings is 4.67%, based on 5,411,177 shares outstanding as of April 21, 2026, plus the shares issuable upon exercise of the warrants.
• The filing indicates that 683 Capital Management, LLC acts as the investment manager for 683 Capital Partners, LP, and Ari Zweiman is the Managing Member of 683 Capital Management, LLC, leading to shared beneficial ownership.
• The Reporting Persons certify that the securities were not acquired or held for the purpose of influencing the control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a standard disclosure of ownership and does not contain operational or financial performance data for the issuer.

Positives

• The Reporting Persons hold a significant stake, representing 4.67% of Modular Medical, Inc.'s outstanding common stock, including exercisable warrants.
• The filing confirms the Reporting Persons' commitment to the company through their ownership.

Negatives

• The filing does not contain any negative financial results or operational challenges for Modular Medical, Inc.

Risks

• The primary risk associated with this filing is the potential for increased market activity or influence by a significant shareholder, which could lead to share price volatility.
• The exercisable warrants represent potential dilution if exercised, which could impact the percentage ownership of other shareholders.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Modular Medical, Inc. It primarily reports on the ownership stake of 683 Capital Management and its affiliates.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held 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 ?? 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant stakeholders to disclose their ownership stakes in publicly traded companies. This filing indicates a notable, though not controlling, interest in Modular Medical, Inc. by 683 Capital Management.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by 683 Capital Management may influence investor perception and potentially lead to increased trading activity.
• Management of Modular Medical, Inc.: The company's management will be aware of the significant ownership by 683 Capital Management, which could influence future strategic discussions or board composition.

Next Steps

• The Reporting Persons will continue to monitor their investment in Modular Medical, Inc.
• Modular Medical, Inc. may continue its business operations and strategic initiatives as previously disclosed.

Key Dates

Keywords

Modular Medical, Inc., Schedule 13G, 683 Capital Management, 683 Capital Partners, Ari Zweiman, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Investment Management