Jill Mullan - 21 Jun 2021 Form 4 Insider Report for iSpecimen Inc. (ISPC)

Role
COO, Secretary, Treasurer, Director
Signature
/s/ Jill Mullan
Issuer symbol
ISPC
Transactions as of
21 Jun 2021
Net transactions value
$0
Form type
4
Filing time
23 Jun 2021, 21:23:55 UTC
Previous filing
17 Jun 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPC Common Stock Conversion of derivative security +6,250 +14% 49,566 21 Jun 2021 Direct F1
transaction ISPC Common Stock Conversion of derivative security +76,897 +155% 126,463 21 Jun 2021 Direct 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 Series A Preferred Stock Conversion of derivative security -6,250 -100% 0 21 Jun 2021 Common Stock 6,250 Direct F3
transaction ISPC Bridge Note Other +255 +0.33% 76,897 21 Jun 2021 Common Stock 255 Direct F4, F5
transaction ISPC Bridge Note Conversion of derivative security -76,897 -100% 0 21 Jun 2021 Common Stock 76,897 $5.60 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were issued to the reporting person upon conversion of the Issuer's Series A Preferred Stock owned through the date of conversion.
F2 Shares were issued to the reporting person upon conversion of an aggregate of $430,625 in principal and accrued interest through June 21, 2021 under a bridge note owed to the reporting person.
F3 Shares of Series A Preferred Stock automatically converted into shares of common stock upon the closing of the Issuer's initial public offering (the "IPO) and has no expiration date.
F4 The bridge note has a maturity date of June 30, 2021 and automatically converted into 76,897 shares of common stock at $5.60 upon the closing of the IPO.
F5 Represents accrued interest from June 17, 2021 to June 21, 2021 under the bridge note.