<SEC-DOCUMENT>0001019056-22-000224.txt : 20220222
<SEC-HEADER>0001019056-22-000224.hdr.sgml : 20220222
<ACCEPTANCE-DATETIME>20220222112448
ACCESSION NUMBER:		0001019056-22-000224
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220126
FILED AS OF DATE:		20220222
DATE AS OF CHANGE:		20220222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DiPerna Paul
		CENTRAL INDEX KEY:			0001506126

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41277
		FILM NUMBER:		22656403

	MAIL ADDRESS:	
		STREET 1:		16772 W BERNARDO DRIVE
		CITY:			RANCHO BERNARDO
		STATE:			CA
		ZIP:			92127

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Modular Medical, Inc.
		CENTRAL INDEX KEY:			0001074871
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				870620495
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		16772 WEST BERNARDO DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127
		BUSINESS PHONE:		858-800-3500

	MAIL ADDRESS:	
		STREET 1:		16772 WEST BERNARDO DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BEAR LAKE RECREATION INC
		DATE OF NAME CHANGE:	19981208
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>diperna.xml
<TEXT>
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    <issuer>
        <issuerCik>0001074871</issuerCik>
        <issuerName>Modular Medical, Inc.</issuerName>
        <issuerTradingSymbol>MODD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001506126</rptOwnerCik>
            <rptOwnerName>DiPerna Paul</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MODULAR MEDICAL, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>16772 W BERNARDO DRIVE</rptOwnerStreet2>
            <rptOwnerCity>SAN DIEGO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92127</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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            <transactionAmounts>
                <transactionShares>
                    <value>11294</value>
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                <transactionPricePerShare>
                    <footnoteId id="F2"/>
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    <footnotes>
        <footnote id="F1">The convertible promissory note (the &quot;Note&quot;) was issued to the Paul DiPerna Trust on April 30, 2021, in the principal aggregate amount of $102,663, in connection with a private placement conducted by the Issuer. At the time of conversion, the Note had accrued interest of $9,788 and an outstanding balance of $112,451. Pursuant to its terms, the Note was automatically converted, on February 14, 2022, into (i) 23,429 shares of common stock of the Issuer and (ii) warrants to purchase 23,429 shares of common stock of the Issuer.</footnote>
        <footnote id="F2">The common stock purchase warrant (the &quot;Warrant&quot;) was issued to the Paul DiPerna Trust on April 30, 2021 (the &quot;Issuance Date&quot;). Pursuant to its terms, the Warrant became exercisable on January 26, 2022, the day that is 271 calendar days following the Issuance Date.</footnote>
    </footnotes>

    <remarks>Title: Chairman, President and Chief Financial Officer</remarks>

    <ownerSignature>
        <signatureName>/s/ Paul DiPerna</signatureName>
        <signatureDate>2022-02-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
