Form 4 for SERV Serve Robotics Inc. /DE/
Accepted 2025-02-20 00:00:00 ET · period of report 2025-02-18 · accession 0000950170-25-024152 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DT | 2025-02-20 | 2025-02-18 | SERV | Abraham Euan | Chief Hardware, Mftg Offcr | S - Sale+OE | $12.98 | -25.0K | 150.5K | -14% | -$324.5K |
| DT | 2025-02-20 | 2025-02-18 | SERV | Abraham Euan | Chief Hardware, Mftg Offcr | M - OptEx | $0.49 | +25.0K | 175.5K | +17% | +$12.2K |
| DT | 2025-02-20 | 2025-02-18 | SERV | Abraham Euan | Chief Hardware, Mftg Offcr | M - OptEx | — | -25.0K | 100.9K | -20% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-18 | S | D | 25,000 | $12.98 | 150,518 | D | — | — | (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. |
| 2 | Common | Common Stock | 2025-02-18 | M | A | 25,000 | $0.49 | 175,518 | D | — | — | |
| 3 | Derivative | Stock Option (right to buy) | 2025-02-18 | M | D | 25,000 | — | 100,875 | D | $0.49 · — to 2031-12-22 | 25,000 Common Stock | (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"). (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. |