iSpecimen Replaces CEO Katharyn Field with Shahin Behroyan
ISPC is trading near its 52-week low of $1.4 (10% above the low) on light trading volume (0.3× avg).
Summary
iSpecimen replaced CEO Katharyn Field with Shahin Behroyan effective August 26, 2026, under a $350,000 annual independent contractor agreement. The change follows a deeply discounted $5 million offering closed earlier in August.
Key Events · Executive and Board Changes · ISPC
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CEO Transition
Katharyn Field stepped down as CEO on August 26, 2026, and Shahin Behroyan was appointed effective immediately. Field will remain in an internal advisory and consulting capacity.
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New CEO Compensation
Behroyan will serve as an independent contractor through his personal corporation, 1605811 BC Ltd., earning $350,000 annually ($29,166.67 monthly) with no employee benefits.
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Severance Terms
If terminated without cause or if Behroyan resigns for good reason, the company will pay a $67,500 severance. The agreement can be terminated by the Board at any time with or without cause.
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Recent Financial Distress Context
The CEO change follows a $5 million public offering closed August 7, 2026, at $1.30 per share — a 41% discount to the then-current price — and a $97,500 arbitration settlement with WestPark Capital on August 11, 2026.
Analysis · ISPC · Industrial Applications And Services
On August 26, 2026, iSpecimen abruptly replaced its CEO, appointing Shahin Behroyan — a Vancouver-based entrepreneur with no prior disclosed connection to the company — under an independent contractor agreement paying $350,000 annually. The outgoing CEO, Katharyn Field, will remain in an advisory capacity. The transition comes just weeks after the company closed a deeply discounted $5 million public offering at $1.30 per share, suggesting leadership instability during a period of financial distress. The new CEO's compensation structure as an independent contractor rather than an employee is unusual for a Nasdaq-listed company and may reflect cost-cutting or governance considerations.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ISPC was trading at $1.54 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.9M. The 52-week trading range was $1.40 to $127.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.