---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-027652"
form_type: "8-K"
ticker: "MODD"
cik: "0001074871"
company_name: "Modular Medical, Inc."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:18:57.348712+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modular Medical lays off 29% of workforce to cut annual costs by $3.4M

## Summary
- Layoff of 20 positions, representing ~29% of total workforce, effective March 12, 2026.
- Expected annual operating expense reduction of approximately $3.4 million.
- Non-recurring charges estimated at $0.1M–$0.2M, mainly severance; majority by June 30, 2026.
- Company prioritizing higher-ROI projects to reduce cash burn.

## SEC filing metadata
- accession: 0001213900-26-027652
- form_type: 8-K
- ticker: MODD
- cik: 0001074871
- company_name: Modular Medical, Inc.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074871/000121390026027652/0001213900-26-027652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074871/000121390026027652/ea0281485-8k_modular.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-027652
- JSON: https://secwatch.observer/filing/0001213900-26-027652.json
- Plain text: https://secwatch.observer/filing/0001213900-26-027652.txt

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