Filing Details
- Accession Number:
- 0000950170-24-134661
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-12-09 18:07:39
- Reporting Period:
- 2024-12-05
- Accepted Time:
- 2024-12-09 18:07:39
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1832483 | Serve Robotics Inc. | SERV | Miscellaneous Transportation Equipment (3790) | 853844872 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1983489 | Ali Kashani | C/O Serve Robotics Inc. 730 Broadway Redwood City CA 94063 | Chief Executive Officer | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2024-12-05 | 2,500 | $9.55 | 3,336,342 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-12-05 | 3,138 | $9.92 | 3,333,204 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-12-06 | 45,182 | $0.94 | 3,378,386 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2024-12-06 | 403 | $0.94 | 3,378,789 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-12-06 | 4,291 | $10.00 | 3,374,498 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-12-06 | 7,500 | $11.12 | 3,366,998 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-12-06 | 20,000 | $11.79 | 3,346,998 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-12-09 | 2,500 | $13.52 | 3,344,498 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | Disposition | 2024-12-06 | 45,182 | $0.00 | 45,182 | $0.94 |
| Common Stock | Stock Option (right to buy) | Disposition | 2024-12-06 | 403 | $0.00 | 403 | $0.94 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2028-06-06 | No | 4 | M | Direct | |
| 12,109 | 2028-06-06 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 16,070 | Indirect | By Spouse |
Footnotes
- Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 19, 2024.
- 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 and RSAs. Such sale was executed pursuant to provisions of securities agreements by and between the Issuer and the Reporting Person.
- 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.
- 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.
- The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.49 to $11.44, 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 purchased at each separate price within the range set forth in this footnote.
- The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.59 to $11.99, 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 purchased at each separate price within the range set forth in this footnote.
- Stock Option is fully vested.
- The stock option vested as to 1/48 of the total number of shares on June 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.
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