Jill Mullan - 16 Jun 2021 Form 3 Insider Report for iSpecimen Inc. (ISPC)

Role
COO, Secretary, Treasurer, Director
Signature
/s/ Jill Mullan
Issuer symbol
ISPC
Transactions as of
16 Jun 2021
Transactions value $
$0
Form type
3
Filing time
17 Jun 2021, 08:50:39 UTC
Next filing
23 Jun 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 43,316 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 6,250 Direct F1
holding ISPC Option 16 Jun 2021 Common Stock 65,792 $1.00 Direct F2
holding ISPC Option 16 Jun 2021 Common Stock 19,296 $1.00 Direct F3
holding ISPC Option 16 Jun 2021 Common Stock 4,508 $1.00 Direct F4
holding ISPC Bridge Note 16 Jun 2021 Common Stock 76,642 $5.60 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 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 Represents options granted on July 13, 2019 under the Issuer's 2010 Stock Incentive Plan, which were fully vested as of July 14, 2019
F3 Represents options granted on June 30, 2016 under the Issuer's 2013 Stock Incentive Plan, which were fully vested on June 30, 2019.
F4 Represents options granted on February 1, 2019 under the Issuer's 2013 Stock Incentive Plan, 25% of which was subject to a one-year cliff with the remaining 75% vested/to be vested quarterly over three years. The vesting commence date is February 1, 2019.
F5 The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 76,642 shares common stock at $8.00 upon the closing of the IPO.