Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 3)*
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iSpecimen Inc. (Name of Issuer) |
Common Stock (Title of Class of Securities) |
45032V207 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 45032V207 |
| 1 | Names of Reporting Persons
OBF Investments, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
FLORIDA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
42,100.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
4.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: All share amounts reflect the one-for-twenty reverse stock split effected by the Issuer on September 13, 2024. Percent of class is calculated based on 962,637 shares of common stock outstanding as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 7, 2024.
SCHEDULE 13G
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| CUSIP No. | 45032V207 |
| 1 | Names of Reporting Persons
Scholl George H. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
42,263.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
4.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: All share amounts include the 42,100 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 42,100 shares of common stock held by OBF Investments, LLC. Share amounts also include a total of 163 shares of common stock issued upon the vesting and settlement of restricted stock units ("RSUs") previously awarded to Mr. Scholl as compensation for his service as a director of the Issuer. All share amounts reflect the one-for-twenty reverse stock split effected by the Issuer on September 13, 2024. Percent of class is calculated based on 962,637 shares of common stock outstanding as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 7, 2024.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
iSpecimen Inc. | |
| (b) | Address of issuer's principal executive offices:
8 Cabot Road, Suite 1800, Woburn, Massachusetts, 01801 | |
| Item 2. | ||
| (a) | Name of person filing:
OBF Investments, LLC and George H. Scholl | |
| (b) | Address or principal business office or, if none, residence:
The business address of each of OBF Investments, LLC and George H. Scholl is c/o OBF Investments, LLC, 10100 Dr. Martin Luther King Jr. St. N., St. Petersburg, Florida 33716. | |
| (c) | Citizenship:
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. | |
| (d) | Title of class of securities:
Common Stock | |
| (e) | CUSIP No.:
45032V207 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
OBF Investments, LLC: 42,100 shares of common stock. George Scholl: 42,263 shares of common stock. Includes the 42,100 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 42,100 shares of common stock held by OBF Investments, LLC. Also includes a total of 163 shares of common stock issued upon the vesting and settlement of restricted stock units ("RSUs") previously awarded to Mr. Scholl as compensation for his service as a director of the Issuer. All share amounts reflect the one-for-twenty reverse stock split effected by the Issuer on September 13, 2024. | |
| (b) | Percent of class:
OBF Investments, LLC: Calculated based on 962,637 shares of common stock outstanding as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 7, 2024: 4.4 % George Scholl: Calculated based on 962,637 shares of common stock outstanding as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 filed with the Securities and Exchange Commission on November 7, 2024: 4.4 %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
OBF Investments, LLC: 42,100 George Scholl: 42,263 | ||
| (ii) Shared power to vote or to direct the vote:
OBF Investments, LLC: 0 George Scholl: 0 | ||
| (iii) Sole power to dispose or to direct the disposition of:
OBF Investments, LLC: 42,100 George Scholl: 42,263 | ||
| (iv) Shared power to dispose or to direct the disposition of:
OBF Investments, LLC: 0 George Scholl: 0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| 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
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| 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.
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Exhibit Information
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99.1 Joint Filing Agreement - Previously Filed. |