Ali Kashani - 24 Dec 2024 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Signature
/s/ Evan Dunn, as attorney-in-fact for Ali Kashani
Issuer symbol
SERV
Transactions as of
24 Dec 2024
Net transactions value
-$196,500
Form type
4
Filing time
27 Dec 2024, 17:29:00 UTC
Previous filing
23 Dec 2024
Next filing
03 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Sale $72,750 -5,000 -0.15% $14.55 3,290,990 24 Dec 2024 Direct F1
transaction SERV Common Stock Sale $38,900 -2,500 -0.08% $15.56 3,288,490 26 Dec 2024 Direct F1
transaction SERV Common Stock Sale $84,850 -5,000 -0.15% $16.97 3,283,490 26 Dec 2024 Direct F1
holding SERV Common Stock 16,070 24 Dec 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.