Christopher Ianelli - 24 Oct 2022 Form 4 Insider Report for iSpecimen Inc. (ISPC)

Role
Director
Signature
/s/ Christopher Ianelli
Issuer symbol
ISPC
Transactions as of
24 Oct 2022
Transactions value $
$0
Form type
4
Filing time
14 Nov 2022, 07:02:03 UTC
Previous filing
24 Jun 2022
Next filing
17 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPC Common Stock Other -18,229 -4.12% 424,514 24 Oct 2022 Direct F1, F2

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
transaction ISPC Option Other -564 -40.03% 845 24 Oct 2022 Common Stock 564 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to certain separation agreement, dated October 24, 2022, by and between the issuer and the reporting person, (i) an aggregate of 13,021 restricted stock units of the issuer (the "RSUs"), which were previously awarded to the reporting person but not settled, were settled at an accelerated vesting schedule and as a result, 13,021 shares of common stock were issued to the reporting person; and (ii) 18,229 RSUs, which were previously awarded to the reporting person and not settled, were forfeited.
F2 The RSUs were previously awarded as compensation to the reporting person for his former service as an officer of the issuer.
F3 Represents unvested stock options that were forfeited upon the termination of employment of the reporting person with the issuer. Stock options exercisable for an aggregate of 845 shares that were vested on the date of termination of employment of the reporting person will expire on January 22, 2023, if not exercised by the reporting person before that date.