Filing Details

⁽¹⁾  Percent of class is calculated based on 8,729,532 shares of common stock outstanding as of December 9, 2021, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) (Registration No.: 333-261640) on December 23, 2021.

⁽¹⁾ Includes the 841,981 shares of common stock held by OBF Investments, LLC. As the President and Chief Executive Officer of OBF Investments, LLC, Mr. Scholl may be deemed to beneficially own the 841,981 shares of common stock held by OBF Investments, LLC.  Also includes a total of 1,250 shares of common stock issued upon the vesting and settlement of restricted stock units (“RSUs”) on September 30, 2021 and December 31, 2021. Does not include 1,250 shares of common stock issuable upon vesting of RSUs, which do not vest within 60 days of December 31, 2021. Additionally, does not include 13,525 shares of common stock issuable upon exercise of unvested stock options at an exercise price of $8.00 per share, none of which are exercisable within 60 days of December 31, 2021.

⁽²⁾  Percent of class is calculated based on: (i) 8,729,532 shares of common stock outstanding as of December 9, 2021, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) (Registration No.: 333-261640) on December 23, 2021, plus (ii) 625 shares of common stock issued upon the vesting and settlement of RSUs on December 31, 2021.

iSpecimen Inc. (the “Issuer”)

450 Bedford Street

Lexington, MA 02420

OBF Investments, LLC and George H. Scholl

The business address of each of OBF Investments, LLC and George H. Scholl is c/o iSpecimen Inc., 450 Bedford Street, Lexington, MA 02420.

OBF Investments, LLC is a limited liability company organized and existing under the laws of the State of Florida.

Mr. Scholl is a United States citizen.

Common Stock, par value $0.0001 per share

45032V108

       

(a)	[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)	[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)	[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)	[ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);

(e)	[ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)	[ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)	[ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)	[ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)	[ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)	[ ] Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

Not applicable.

OBF Investments, LLC:

(a)	Amount Beneficially Owned:  841,981 shares of common stock.

(b)	Percent of Class:  9.6% , which is calculated based on 8,729,532 shares of common stock outstanding as of December 9, 2021, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) (Registration No.: 333-261640) on December 23, 2021.

(c)	Number of shares as to which such person has:

CUSIP No. 45032V108

George Scholl:

(a)	Amount Beneficially Owned:  843,231 shares of common stock.

Includes the 841,981 shares of common stock held by OBF Investments, LLC. As the President and Chief Executive Officer of OBF Investments, LLC, Mr. Scholl may be deemed to beneficially own the 841,981 shares of common stock held by OBF Investments, LLC.

Also includes a total of 1,250 shares of common stock issued upon the vesting and settlement of restricted stock units (“RSUs”) on September 30, 2021 and December 31, 2021. These RSUs were awarded as compensation for Mr. Scholl’s service as a director of the Issuer. Does not include 1,250 shares of common stock issuable upon vesting of RSUs, which do not vest within 60 days of December 31, 2021. Additionally, does not include 13,525 shares of common stock issuable upon exercise of unvested stock options at an exercise price of $8.00 per share, none of which are exercisable within 60 days of December 31, 2021.

(b)

Percent of Class:  9.7%, which is calculated based on: (i) 8,729,532 shares of common stock outstanding as of December 9, 2021, as reported in the Issuer’s prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) (Registration No.: 333-261640) on December 23, 2021, plus (ii) 625 shares of common stock issued upon the vesting and settlement of RSUs on December 31, 2021.

(c)	Number of shares as to which such person has:

Not Applicable

Not Applicable

Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Exhibit No.	Description
99.1	Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2022

OBF Investments, LLC

By: George H. Scholl

Its: President and Chief Executive Officer

George H. Scholl