<SEC-DOCUMENT>0001214659-23-002049.txt : 20230213
<SEC-HEADER>0001214659-23-002049.hdr.sgml : 20230213
<ACCEPTANCE-DATETIME>20230213132452
ACCESSION NUMBER:		0001214659-23-002049
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230213
DATE AS OF CHANGE:		20230213

SUBJECT COMPANY:	

	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

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81017
		FILM NUMBER:		23616602

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sio Capital Management, LLC
		CENTRAL INDEX KEY:			0001482416
		IRS NUMBER:				204586565
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		600 THIRD AVENUE
		STREET 2:		2ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		212-601-9792

	MAIL ADDRESS:	
		STREET 1:		600 THIRD AVENUE
		STREET 2:		2ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>b23232sc13g.htm
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>
<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>1</b> of <b>6</b></td></tr>
</table>

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    <td style="width: 100%; font-size: 10pt; text-align: center"><font style="font-size: 14pt"><b>UNITED STATES</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center"><font style="font-size: 14pt"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center"><font style="font-size: 12pt"><b>Washington, D.C. 20549</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
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    <td style="font-size: 10pt; text-align: center"><font style="font-size: 18pt"><b>SCHEDULE 13G</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center"> &nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center"><b>Under the Securities Exchange Act of 1934</b></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><font style="font-size: 24pt"><b>Modular Medical, Inc.</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">(Name of Issuer)</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">Common stock, par value $0.001 per share</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">(Title of Class of Securities)</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">60785L108</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">(CUSIP Number) </td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"> December 31, 2022 </td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">(Date of Event Which Requires Filing of this Statement)</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top; text-align: justify">
<td style="width: 25pt"></td><td style="width: 25pt; text-align: left">&#9746;</td><td style="text-align: justify">Rule 13d-1(b)</td>
</tr></table>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top; text-align: justify">
<td style="width: 25pt"></td><td style="width: 25pt; text-align: left">&#9744;</td><td style="text-align: justify">Rule 13d-1(c)</td>
</tr></table>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top; text-align: justify">
<td style="width: 25pt"></td><td style="width: 25pt; text-align: left">&#9744;</td><td style="text-align: justify">Rule 13d-1(d)</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">*The remainder of this cover page shall
be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information required in the remainder
of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of
1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>2</b> of <b>6</b></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">1.</td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Names of Reporting Person</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I.R.S. Identification Nos. of Above Persons (entities only)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td colspan="4" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.4pt">Sio Capital Management, LLC</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.4pt">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.4pt">20-4586565</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">2.</td>
    <td style="border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the Appropriate Box if a Member of a Group</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td colspan="4" style="border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.4pt">(a) &#9744;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.4pt">(b) &#9744;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">3.</td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">SEC Use Only</p>
                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td colspan="4" style="border-bottom: Black 1pt solid; padding-left: 63.4pt; font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">4.</td>
    <td style="border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citizenship or Place of Organization</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td colspan="4" style="border-bottom: Black 1pt solid; padding-left: 63.4pt; font-size: 10pt">Delaware</td></tr>
<tr style="vertical-align: top">
    <td colspan="2" rowspan="4" style="border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Number of Shares Beneficially</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Owned by Each Reporting</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Person With<sup>1</sup></p></td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">5.</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Sole Voting Power</p>
                                                                            <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-0-</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">6.</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Shared Voting Power</p>
                                                                            <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt">1,091,479</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">7.</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Sole Dispositive Power</p>
                                                                            <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">-0-</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">8.</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Shared Dispositive Power</p>
                                                                            <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"> 1,091,479</p></td></tr>
<tr>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; font-size: 10pt">9.</td>
    <td colspan="3" style="vertical-align: top; border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Aggregate Amount Beneficially Owned by Each Reporting Person</p>
                                                                                <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-left: 61.75pt; font-size: 10pt; text-align: right"> 1,091,479</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; font-size: 10pt">10.</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares</p>
                                                                            <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p></td>
    <td colspan="2" style="border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.75pt; text-align: right">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61.75pt; text-align: right"> &#9744;</p></td></tr>
<tr>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; font-size: 10pt">11.</td>
    <td colspan="3" style="vertical-align: top; border-bottom: Black 1pt solid">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Percent of Class Represented by Amount in Row (9)</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-left: 61.75pt; font-size: 10pt; text-align: right"> 9.99%<sup>2</sup></td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt">12.</td>
    <td colspan="3" style="font-size: 10pt">Type of Reporting Person</td>
    <td colspan="2" style="padding-left: 61.75pt; font-size: 10pt; text-align: right">IA</td></tr>
<tr>
    <td style="width: 9%">&nbsp;</td>
    <td style="width: 35%">&nbsp;</td>
    <td style="width: 6%">&nbsp;</td>
    <td style="width: 18%">&nbsp;</td>
    <td style="width: 14%">&nbsp;</td>
    <td style="width: 18%">&nbsp;</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>





















<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><sup></sup></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <sup>1</sup>
 As of December 31, 2022, Sio Capital Management, LLC beneficially owned
689,352 shares of Common Stock with shared voting power and shared dispositive power. Subject to the ownership blocker described below,
Sio Capital Management, LLC may also be deemed to beneficially own 1,348,314 shares of Common Stock issuable upon exercise of certain
Pre-Funded Warrants and 1,438,202 shares of Common Stock issuable upon exercise of certain Purchase Warrants. Pursuant to the terms of
the Pre-Funded Warrants and Purchase Warrants, a holder (together with its affiliates) does not have the right to exercise any portion
of the Pre-Funded Warrants and Purchase Warrants held by such holder, to the extent the holder would own more than 9.99% of the Issuer&rsquo;s
outstanding Common Stock immediately after exercise. The holder, however, may decrease or increase the limitation of ownership at a holder&rsquo;s
election upon 61 days&rsquo; notice. The 1,091,479 shares of Common Stock reported as beneficially owned by Sio Capital Management, LLC
in this Schedule 13G represents 9.99% of the outstanding shares of Common Stock (see footnote (2) below).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <sup>2</sup> Based on 10,925,723 shares of common stock outstanding as of November
14, 2022, as reported in the Issuer&rsquo;s Form 10-Q filed with the SEC on November 14, 2022 as well as the ownership blocker described
in footnote (1) above.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>


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<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>3</b> of <b>6</b></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><u>Schedule 13G</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&nbsp;</b></p>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.8in"><b>Item 1(a).</b></td><td><b>Name of Issuer:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%; font-size: 10pt">Modular Medical, Inc.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 1(b).</b></td><TD><b>Address of Issuer&rsquo;s Principal Executive Offices:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%">

        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">16772 W. Bernardo Drive</p>

<p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">San Diego, CA 92127</p>

</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 2(a).</b></td><TD><b>Name of Persons Filing:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%; font-size: 10pt; text-align: justify">This Statement is filed on behalf of Sio Capital Management, LLC (the
&ldquo;Reporting Person&rdquo; or &ldquo;Sio&rdquo;)</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: justify">Sio is a registered investment adviser to certain affiliated funds
that directly hold the shares of Common Stock to which this statement relates for the benefit of their respective investors, and in such
capacity Sio has voting and dispositive power over such shares.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 2(b).</b></td><TD><b>Address of Principal Business Office:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 5%">&nbsp;</td>
    <TD STYLE="width: 95%">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">600 Third Avenue, 2<sup>nd</sup> Floor</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10016</p></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 2(c).</b></td><TD><b>Citizenship:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%; font-size: 10pt">Sio is a Delaware limited liability company.&nbsp;&nbsp;&nbsp;</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 2(d).</b></td><TD><b>Title of Class of Securities:</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%; font-size: 10pt">Common stock, par value $0.001</td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top">
<TD STYLE="width: 0"></td><TD STYLE="width: 0.8in"><b>Item 2(e).</b></td><TD>CUSIP Number:</td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%; font-size: 10pt">&nbsp;</td>
    <td style="width: 95%; font-size: 10pt">60785L108</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>4</b> of <b>6</b></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 3. If this statement is filed pursuant to &sect;&sect; 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">(a)</td>
    <td style="width: 5%">&#9744;</td>
    <td style="width: 90%">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).</td></tr>
<tr style="vertical-align: top">
    <td>(b)</td>
    <td>&#9744;</td>
    <td>Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c). </td></tr>
<tr style="vertical-align: top">
    <td>(c)</td>
    <td>&#9744;</td>
    <td>Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.78c).</td></tr>
<tr style="vertical-align: top">
    <td>(d)</td>
    <td>&#9744;</td>
    <td>Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</td></tr>
<tr style="vertical-align: top">
    <td>(e)</td>
    <td>&#9746;</td>
    <td>An investment adviser in accordance with &sect;13d-1(b)(1)(ii)(E).</td></tr>
<tr style="vertical-align: top">
    <td>(f)</td>
    <td>&#9744;</td>
    <td>An employee benefit plan or endowment fund in accordance with &sect;240.13d-1(b)(1)(ii)(F).</td></tr>
<tr style="vertical-align: top">
    <td>(g)</td>
    <td>&#9744;</td>
    <td>A parent holding company or control person in accordance with &sect;240.13d-1(b)(1)(ii)(G).</td></tr>
<tr style="vertical-align: top">
    <td>(h)</td>
    <td>&#9744;</td>
    <td>A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). </td></tr>
<tr style="vertical-align: top">
    <td>(i)</td>
    <td>&#9744;</td>
    <td>A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3). </td></tr>
<tr style="vertical-align: top">
    <td>(j)</td>
    <td>&#9744;</td>
    <td>Group, in accordance with &sect;240.13d-1(b)(1)(ii)(J).</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&#9744;</td>
    <td style="width: 95%">If this statement is filed pursuant to &sect;240.13d-1(c), check this box. </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 4.</b></td><td><b>Ownership.</b></td></tr></table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) through (c):</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: bottom">
    <td style="width: 100%">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information set forth in Items 5 through 9 and
        11 of the cover pages to this Schedule 13G is incorporated herein by reference.<sup>3</sup></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
</table>
<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 5.</b></td><td><b>Ownership of Five Percent or Less of a Class.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 95%"><p style="margin: 0pt 0"> Not Applicable.</p></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><sup>3</sup>
 Sio and Sio GP, LLC (the &ldquo;GP&rdquo;) act as investment advisor
and general partner, respectively, to various clients that are the record owners of the Common Stock reported on this Schedule 13G. Because
Sio&rsquo;s investment discretion with respect to such clients is subject to oversight by the GP, the GP may be deemed to be the beneficial
owner of the Common Stock of the Issuer owned by such clients. In addition, both Sio and the GP are controlled by Michael Castor. As such,
he may be deemed to control the voting and dispositive decisions with respect to, and therefore be the beneficial owner of, the shares
of Common Stock reported on this Schedule 13G. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute
an admission by the GP or Michael Castor that such person is the beneficial owner of any of the equity securities referred to herein for
purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership is expressly disclaimed.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>5</b> of <b>6</b></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 6.</b></td><td><b>Ownership of More than Five Percent on Behalf of Another Person.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 95%; text-align: justify">Various advisory clients of the Reporting Person have the right to
receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Modular Medical, Inc.
in their accounts with the Reporting Person. See Item 2(a) above.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>



<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 7.</b></td><td><b>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 95%">Not Applicable.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 8.</b></td><td><b>Identification and Classification of Members of the Group.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 95%">Not Applicable.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 9.</b></td><td><b>Notice of Dissolution of a Group.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 95%">Not Applicable.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%" cellspacing="0" cellpadding="0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 10.</b></td><td><b>Certification.</b></td></tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By
 signing below I certify that, to the
best of my knowledge and belief, the securities referred to herein were
acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the Issuer
and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<tr style="vertical-align: top">
    <td style="width: 49%; font-size: 10pt">CUSIP No. 60785L108</td>
    <td style="width: 51%; font-size: 10pt; text-align: right">Page <b>6</b> of <b>6</b></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: February 13, 2023</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" cellspacing="0" cellpadding="0">
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="3">SIO CAPITAL MANAGEMENT, LLC</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="3">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="3">&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-bottom: 1pt; width: 50%">&nbsp;</td>
    <td style="padding-bottom: 1pt; width: 5%">&nbsp;</td>
    <td style="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left; width: 4%; vertical-align: bottom"> By: /s/ Jin
    W. Lee </td>
    <td style="border-bottom: Black 1pt solid; text-align: left; width: 36%; vertical-align: bottom"><u></u></td>
    <td style="padding-bottom: 1pt; width: 5%">&nbsp;</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2"> Name:&nbsp;&nbsp;Jin W. Lee </td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td colspan="2"> Title: Chief Compliance Officer </td>
    <td>&nbsp;</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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