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

Role
Director, 10%+ Owner
Signature
/s/ Andrew L. Ross
Stock symbol
ISPC
Transactions as of
Jun 16, 2021
Transactions value $
$0
Form type
3
Date filed
6/17/2021, 08:49 AM
Next filing
Nov 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ISPC Common Stock 364K Jun 16, 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 Jun 16, 2021 Common Stock 355K Direct F1
holding ISPC Series B Preferred Stock Jun 16, 2021 Common Stock 130K Direct F1
holding ISPC Warrant Jun 16, 2021 Common Stock 5.42K $0.06 Direct F2
holding ISPC Convertible Note Jun 16, 2021 Common Stock 360K $5.60 Direct F3
holding ISPC Bridge Note Jun 16, 2021 Common Stock 98K $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.