Brian Read - Apr 29, 2024 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Signature
/s/ Brian Read
Stock symbol
SERV
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
4
Date filed
5/1/2024, 04:52 PM
Next filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Award $0 +240K $0.00 240K Apr 29, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4th of the Total Number of Shares subject to the RSUs (the "Equity Award") will vest on the 1-year anniversary of April 29, 2024 (the "Cliff Period"), and 1/48th of the Equity Award will vest on each monthly anniversary thereafter, for a total vesting period of 48 months. The Equity Award is subject to a pro rata acceleration upon an Involuntary Termination or Resignation for Good Reason (each as defined in the Offer Letter, dated March 24, 2024, by and between Brian Read and Serve Operating Co.) within the Cliff Period based on the number of months of service provided to the Company.