Ali Kashani - Nov 21, 2024 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Signature
/s/ Ali Kashani
Stock symbol
SERV
Transactions as of
Nov 21, 2024
Transactions value $
-$9,747
Form type
4
Date filed
11/22/2024, 04:23 PM
Previous filing
Sep 6, 2024
Next filing
Nov 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Sale -$5.65K -643 -0.02% $8.79 3.36M Nov 21, 2024 Direct F1, F2
transaction SERV Common Stock Sale -$4.09K -466 -0.01% $8.79 3.36M Nov 21, 2024 Direct F1, F2
holding SERV Common Stock 16.1K Nov 21, 2024 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 19, 2024.
F2 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.