Jill Mullan - Oct 24, 2022 Form 4 Insider Report for iSpecimen Inc. (ISPC)

Role
Director
Signature
/s/ Jill Mullan
Stock symbol
ISPC
Transactions as of
Oct 24, 2022
Transactions value $
$0
Form type
4
Date filed
11/10/2022, 03:10 PM
Previous filing
Jun 24, 2022
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISPC Common Stock Other -18.2K -9.22% 180K Oct 24, 2022 Direct F1, 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 Option Other -564 -0.84% 66.6K Oct 24, 2022 Common Stock 564 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to certain separation agreement, dated October 24, 2022 (the "Separation Agreement"), by and between the issuer and the reporting person, (i) an aggregate of 13,021 restricted stock units of the issuer (the "RSUs"), which were previously awarded to the reporting person but not settled, were settled at an accelerated vesting schedule and as a result, 13,021 shares of common stock were issued to the reporting person; and (ii) 18,229 RSUs, which were previously awarded to the reporting person and not settled, were forfeited.
F2 The RSUs were previously awarded as compensation to the reporting person for her former service as an officer of the issuer.
F3 Represents unvested stock options that were forfeited upon the termination of employment of the reporting person with the issuer. Stock options exercisable for an aggregate of 66,637 shares that were vested on the date of termination of employment of the reporting person will expire on January 22, 2023, if not exercised by the reporting person before that date.