---
schema_version: "secwatch.filing_event.v1"
accession: "0001019056-23-000027"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:24:07.888668+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Modular Medical enters 48-month lease for 24,000 sq ft in San Diego

## Summary
- Monthly base rent $36,000 for first 12 months, increasing 4% annually thereafter.
- Plus common area charges of approximately $10,700/month, adjustable based on actual costs.
- Lease term 48 months beginning on or about February 1, 2023, at 10740 Thornmint Road.
- Lessor is Michael Summers; property includes 24,000 square feet of space.

## SEC filing metadata
- accession: 0001019056-23-000027
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000101905623000027/0001019056-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000101905623000027/modular_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019056-23-000027
- JSON: https://secwatch.observer/filing/0001019056-23-000027.json
- Plain text: https://secwatch.observer/filing/0001019056-23-000027.txt

## Key facts
- Material Agreements
  Modular Medical, Inc. entered into Lease Agreement with Michael Summers valued at $36,000 (effective 2023-01-05).
  - Action: entry
  - Agreement: lease
  - Counterparty: Michael Summers
  - Value: $36,000
  - Effective: 2023-01-05
  source text: On January 5, 2023, Modular Medical, Inc. (the “Company”) entered into a Lease Agreement (the “Lease Agreement”) with Michael Summers (the “Lessor”) pursuant to which the Company will lease approximately 24,000 square feet of a building located at 10740 Thornmint Road, San Diego, California, commencing on or about February 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074871/000101905623000027/0001019056-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.