OBF Investments, LLC - 16 Jun 2021 Form 3 Insider Report for iSpecimen Inc. (ISPC)

Role: 10%+ Owner
Signature: /s/ George "Bud" Scholl, as the President and Chief Executive of OBF Investments
Issuer symbol: ISPC
Transactions as of: 16 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 17 Jun 2021, 08:51:22 UTC
Next filing: 23 Jun 2021
SEC: View on sec.gov

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 B Preferred Stock							16 Jun 2021	Common Stock	250,456		Direct	F1, F2
holding	ISPC	Convertible Note							16 Jun 2021	Common Stock	472,183	$5.60	Direct	F3
holding	ISPC	Bridge Note							16 Jun 2021	Common Stock	118,671	$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	Mr. George "Bud" Scholl is the President and Chief Executive Officer of OBF Investments, and therefore, may be deemed to hold voting and dispositive power of the securities held by OBF Investments.
F3	The Convertible Note has a maturity date of June 30, 2021 and will automatically convert into 472,183 shares common stock at $8.00 upon the closing of the IPO.
F4	The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 118,671 shares common stock at $8.00 upon the closing of the IPO.