Andrew L. Ross - Jun 17, 2021 Form 4 Insider Report for iSpecimen Inc. (ISPC)

Role
Director, 10%+ Owner
Signature
/s/ Andrew L. Ross
Stock symbol
ISPC
Transactions as of
Jun 17, 2021
Transactions value $
$22,375
Form type
4
Date filed
11/29/2021, 07:01 PM
Previous filing
Jun 17, 2021
Next filing
Jun 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPC Common Stock Purchase $627 +100 +0.01% $6.27 1.31M Jun 17, 2021 Direct F4
transaction ISPC Common Stock Purchase $2.61K +400 +0.03% $6.52 1.31M Jun 23, 2021 Direct
transaction ISPC Common Stock Purchase $5.73K +1K +0.08% $5.73 1.31M Nov 8, 2021 By Wingood Capital LLC
transaction ISPC Common Stock Purchase $2.93K +500 +0.04% $5.85 1.31M Nov 10, 2021 Direct
transaction ISPC Common Stock Purchase $2.65K +500 +0.04% $5.29 1.31M Nov 15, 2021 Direct
transaction ISPC Common Stock Purchase $2.65K +500 +0.04% $5.30 1.31M Nov 15, 2021 Direct
transaction ISPC Common Stock Purchase $5.19K +1K +0.08% $5.19 1.31M Nov 16, 2021 By Wingood Capital LLC

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 Non-Qualified Stock Options Award +13.5K 13.5K Jul 30, 2021 Common Stock 13.5K Direct F1, F3
transaction ISPC Restricted Stock Units Award +2.5K 2.5K Jul 30, 2021 Common Stock 2.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each non-qualified stock option ("NSO") represents a contingent right to receive one share of common stock at settlement subject to the terms and conditions set forth in the award of such NSOs by iSpecimen Inc. (the "Company") to the Reporting Person pursuant to a Nonqualified Stock Option Award Agreement (the "NSO Agreement") under the iSpecimen Inc. 2021 Amended and Restated Stock Incentive Plan, as amended. The NSOs has a vesting term of three years with a one-year cliff (i.e. 33.33% of the NSOs vest on June 21, 2022, and the rest of the NSOs vest in equal quarterly installments on September 21, 2022 and each December 21, March 21, June 21 and September 21 until June 21, 2024), subject to the terms and conditions set forth in the NSO Agreement.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock at settlement subject to the terms and conditions set forth in the award of such RSUs by the Company to the Reporting Person pursuant to a Restricted Stock Unit Award Agreement (the "RSU Agreement"). The RSUs vest in four equal quarterly installments on September 21, 2021, December 21, 2021, March 21, 2022 and June 21, 2022, subject to the terms and conditions set forth in the RSU Agreement.
F3 The derivative securities were awarded as compensation to the Reporting Person for his service as the director of the Company.
F4 Including 1,310,524 shares of common stock acquired by the Reporting Person on June 21, 2021, as reported in the Form 4 filed with the Securities and Exchange Commission on June 23, 2021.