OBF Investments, LLC - Jun 16, 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
Stock symbol
ISPC
Transactions as of
Jun 16, 2021
Transactions value $
$0
Form type
3
Date filed
6/17/2021, 08:51 AM
Next filing
Jun 23, 2021

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 Jun 16, 2021 Common Stock 250K Direct F1, F2
holding ISPC Convertible Note Jun 16, 2021 Common Stock 472K $5.60 Direct F3
holding ISPC Bridge Note Jun 16, 2021 Common Stock 119K $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.