Form 4 for SERV Serve Robotics Inc. /DE/
Accepted 2023-08-02 00:00:00 ET · period of report 2023-07-31 · accession 0001209191-23-044240 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-02 | 2023-07-31 | SERV | Parang Touraj | Pres, COO, Dir | A - Grant | — | +794.7K | 794.7K | New | — |
| DM | 2023-08-02 | 2023-07-31 | SERV | Parang Touraj | Pres, COO, Dir | A - Grant | — | +19.9K | 8,451 | New | — |
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 | 2023-07-31 | A | A | 794,709 | — | 794,709 | D | — | — | (F1) 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 (the "Merger Agreement"), by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy Serve capital stock was entitled to receive 0.80350 shares of Common Stock. The Merger closed on July 31, 2023 (the "Merger Closing Date"). |
| 2 | Derivative | Stock Option (Right to Buy) | 2023-07-31 | A | A | 11,403 | — | 11,403 | D | $0.86 · — to 2033-06-06 | 11,403 Common Stock | (F3) Received in connection with the Merger in exchange for options to acquire 14,192 shares of Legacy Serve common stock for $0.69 per share. (F2) The stock option will vest in full on the one-month anniversary of the Merger Closing Date. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-07-31 | A | A | 8,451 | — | 8,451 | D | $0.86 · — to 2033-06-06 | 8,451 Common Stock | (F5) Received in connection with the Merger in exchange for options to acquire 10,518 shares of Legacy Serve common stock for $0.69 per share. (F4) 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. |