Ali Kashani - Dec 2, 2024 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Role
Chief Executive Officer, Director
Signature
/s/ Ali Kashani
Stock symbol
SERV
Transactions as of
Dec 2, 2024
Transactions value $
-$160,418
Form type
4
Date filed
12/4/2024, 04:54 PM
Previous filing
Nov 27, 2024
Next filing
Dec 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Sale -$91.6K -10K -0.3% $9.16 3.35M Dec 2, 2024 Direct F1
transaction SERV Common Stock Sale -$23.9K -2.5K -0.07% $9.57 3.34M Dec 2, 2024 Direct F2
transaction SERV Common Stock Sale -$44.8K -5K -0.15% $8.97 3.34M Dec 3, 2024 Direct F2, F3
holding SERV Common Stock 16.1K Dec 2, 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 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.15 to $9.20, 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.
F2 Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 19, 2024.
F3 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.48 to $9.23, 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 purchased at each separate price within the range set forth in this footnote.