4//SEC Filing
Abraham Euan 4
Accession 0000950170-25-024152
CIK 0001832483other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:10 PM ET
Size
9.5 KB
Accession
0000950170-25-024152
Insider Transaction Report
Form 4
Abraham Euan
Chief Hardware & Mftg Offcr
Transactions
- Exercise/Conversion
Common Stock
2025-02-18$0.49/sh+25,000$12,135→ 175,518 total - Sale
Common Stock
2025-02-18$12.98/sh−25,000$324,490→ 150,518 total - Exercise/Conversion
Stock Option (right to buy)
2025-02-18−25,000→ 100,875 totalExercise: $0.49Exp: 2031-12-22→ Common Stock (25,000 underlying)
Footnotes (4)
- [F1]Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 16, 2024.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.71 to $13.23, 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]The stock option vested as to 1/4 of the total number of shares on November 1, 2022, and an additional 1/48 of the total number of shares 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.
- [F4]Received in connection with the Issuer's merger (the "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 options to acquire 250,000 shares of Legacy Serve common stock for $0.39 per share. The Merger closed on July 31, 2023 (the "Merger Closing Date").
Documents
Issuer
Serve Robotics Inc. /DE/
CIK 0001832483
Entity typeother
Related Parties
1- filerCIK 0001983554
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 4:10 PM ET
- Size
- 9.5 KB