Prep the Oven: Preheat to 400°F and line a large baking sheet with parchment paper.
Form the Meatballs: In a large bowl, combine turkey, egg, garlic, ginger, soy sauce, Sriracha, cilantro, scallion, panko, pepper, and water (added slowly). Mix until moist but firm enough to shape.
Shape and Brown: Roll into meatballs using about 1 heaping tbsp of mixture per ball. Heat oil in a skillet over medium. Fry the meatballs in batches, turning until lightly browned (about 1-2 minutes per side).
Finish in Oven: Transfer browned meatballs to baking sheet and bake for 10-12 minutes until fully cooked.
Make the Sauce: In a small saucepan, combine soy sauce, honey, 1/2 cup water, sesame oil, Sriracha, and ginger. Heat over medium-low, stirring until honey dissolves.
Thicken the Glaze: Stir cornstarch and remaining 3 tbsp water in a small bowl. Add to saucepan and cook over medium-high heat, stirring, until thickened (about 2 minutes). Remove from heat and stir in sesame seeds.
Glaze the Meatballs: Once baked, add meatballs to sauce and gently stir to coat evenly.
Assemble Bowls: Scoop 1/2 cup cooked rice into each bowl. Top with meatballs, extra sesame seeds, and scallions.