Parang Touraj 4
4 · Serve Robotics Inc. /DE/ · Filed Dec 9, 2024
Insider Transaction Report
Form 4
Parang Touraj
DirectorPresident & COO
Transactions
- Sale
Common Stock
2024-12-05$9.55/sh−815$7,785→ 1,200,141 total - Exercise/Conversion
Common Stock
2024-12-06$0.86/sh+2,993$2,570→ 1,214,537 total - Sale
Common Stock
2024-12-09$12.27/sh−4,527$55,551→ 1,208,912 total - Exercise/Conversion
Stock Option (right to buy)
2024-12-06−2,993→ 5,458 totalExercise: $0.86Exp: 2033-06-06→ Common Stock (2,993 underlying) - Sale
Common Stock
2024-12-09$13.06/sh−45,473$594,009→ 1,163,439 total - Exercise/Conversion
Stock Option (right to buy)
2024-12-06−11,403→ 0 totalExercise: $0.86Exp: 2033-06-06→ Common Stock (11,403 underlying) - Exercise/Conversion
Common Stock
2024-12-06$0.86/sh+11,403$9,793→ 1,211,544 total - Sale
Common Stock
2024-12-06$11.33/sh−1,098$12,440→ 1,213,439 total
Footnotes (8)
- [F1]Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.55 to $9.56, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock incurred upon the above-reported exercise of options.
- [F4]Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on September 9, 2024.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $11.70 to $12.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.75 to $13.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The shares are fully vested.
- [F8]The stock option vested as to 1/48 of the total number of shares on July 1, 2023, and an additional 1/48 of the total number of shares will vest on each monthly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.