SCHEDULE: Alyeska Group Discloses 3.81% Stake in Modular Medical
Beneficial Ownership Report
Alyeska Investment Group, Alyeska Fund GP, LLC, and Anand Parekh have disclosed a combined 3.81% beneficial ownership stake in Modular Medical, Inc.
Summary
- Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh collectively hold a beneficial ownership of 2,068,958 shares of Modular Medical, Inc. common stock.
- This beneficial ownership represents 3.81% of the issuer's outstanding common stock.
- The total beneficial ownership includes 1,548,125 shares of common stock and warrants to purchase an additional 520,833 shares.
- The percentage calculation is based on 54,247,388 outstanding shares of Modular Medical, Inc. common stock, as reported in the issuer's 10-Q filing on June 20, 2025.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain performance or forward-looking financial information that would indicate a positive or negative sentiment.
Positives
- The disclosure of a significant beneficial ownership stake by a reputable investment group and individual may signal investor confidence in Modular Medical, Inc.
Risks
- The filing indicates that the beneficial ownership is held for investment purposes in the ordinary course of business and not to influence control, which mitigates immediate control-related risks.
Future Outlook
The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic outlook.
Industry Context
This filing is a standard disclosure of beneficial ownership by an investment group, providing transparency on significant shareholder positions within the public market. It does not provide specific industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant beneficial ownership stake held by an investment group and individual, which can inform investment decisions.
Key Dates
| Date | Description |
|---|---|
| 06/20/2025 | Date of Modular Medical, Inc.'s 10-Q filing, which provided the basis for outstanding share count. |
| 06/30/2025 | Date of event which required the filing of this Schedule 13G Amendment No. 1. |
| 08/14/2025 | Signature date of the Schedule 13G Amendment No. 1. |
Keywords
Modular Medical, Beneficial Ownership, Schedule 13G, Alyeska Investment Group, Anand Parekh, Common Stock, Warrants, Investment Group
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