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
Net 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.