George H. Scholl Form 3 iSpecimen / George H. Scholl ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

OBF Investments, LLC

(Last) (First) (Middle)

C/O ISPECIMEN INC.

450 BEDFORD STREET

(Street)

LEXINGTON MA 02420

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/16/2021

3. Issuer Name and Ticker or Trading Symbol
iSpecimen Inc. [ ISPC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Preferred Stock	(1)	(1)	Common Stock	250,456	(1)	D(2)
Convertible Note	(3)	06/30/2021	Common Stock	472,183	5.6	D
Bridge Note	(4)	06/30/2021	Common Stock	118,671	5.6	D

1. Name and Address of Reporting Person^*

OBF Investments, LLC

(Last) (First) (Middle)

C/O ISPECIMEN INC.

450 BEDFORD STREET

(Street)

LEXINGTON MA 02420

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Scholl George H.

(Last) (First) (Middle)

C/O ISPECIMEN INC.

450 BEDFORD STREET

(Street)

LEXINGTON MA 02420

(City) (State) (Zip)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

	/s/ George "Bud" Scholl, as the President and Chief Executive of OBF Investments	06/17/2021
	/s/ George "Bud" Scholl	06/17/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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