Andrew L. Ross - 16 Jun 2021 Form 3 Insider Report for iSpecimen Inc. (ISPC)

Role
Director, 10%+ Owner
Signature
/s/ Andrew L. Ross
Issuer symbol
ISPC
Transactions as of
16 Jun 2021
Net transactions value
$0
Form type
3
Filing time
17 Jun 2021, 08:49:56 UTC
Next filing
29 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ISPC Common Stock 364,341 16 Jun 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ISPC Series A Preferred Stock 16 Jun 2021 Common Stock 355,005 Direct F1
holding ISPC Series B Preferred Stock 16 Jun 2021 Common Stock 130,081 Direct F1
holding ISPC Warrant 16 Jun 2021 Common Stock 5,420 $0.0600 Direct F2
holding ISPC Convertible Note 16 Jun 2021 Common Stock 360,443 $5.60 Direct F3
holding ISPC Bridge Note 16 Jun 2021 Common Stock 97,964 $5.60 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of preferred stock will automatically convert into shares of common stock upon the closing of the Issuer's initial public offering (the "IPO") and has no expiration date.
F2 The warrants are immediately exercisable.
F3 The Convertible Note has a maturity date of June 30, 2021 and will automatically convert into 360,443 shares common stock at $8.00.
F4 The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 97,964 shares common stock at $8.00.