Jordan James Buckly 4
4 · Serve Robotics Inc. /DE/ · Filed Apr 22, 2024
Insider Transaction Report
Form 4
Jordan James Buckly
Director
Transactions
- Tax Payment
Common Stock
2024-04-22$4.00/sh−62,639$250,556→ 1,771 total - Exercise/Conversion
Common Stock
2024-04-22$3.89/sh+64,410$250,555→ 64,410 total - Exercise/Conversion
Warrants (Right to Buy)
2024-04-22−64,410→ 0 totalExercise: $3.89Exp: 2031-10-04→ Common Stock (64,410 underlying)
Holdings
- 659,035(indirect: By LLC)
Common Stock
- 9,200(indirect: By LLC)
Common Stock
- 77,291(indirect: By LLC)
Common Stock
Footnotes (5)
- [F1]The Reporting Person exercised a warrant to purchase 64,410 shares of the Issuer's common stock at an exercise price of $3.89 per share (the "Warrant"). The Reporting Person exercised the Warrant on a cashless basis pursuant to the terms of the Warrant, resulting in the withholding by the Issuer of 62,639 shares and issuing to the Reporting Person the remaining 1,771 shares.
- [F2]The Reporting Person is the Managing Partner of Wavemaker Global Select II, LLC and has dispositive power over the shares of common stock held thereby. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F3]The Reporting Person has voting and dispositive power over the shares held by Future VC, LLC and Match Robotics VC, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]The warrants are immediately exercisable in full.
- [F5]Received in connection with the Issuer's merger with Serve Robotics Inc. ("Legacy Serve") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of July 31, 2023, by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve, in exchange for warrants to acquire 80,162 shares of Legacy Serve common stock for $3.12 per share.