(SERV)

Reporting relationship: Chief Hardware & Mftg Offcr
Issuer ticker: SERV
Reported as of: 18 Feb 2025
Net transaction value: -$312,355
SEC form: 4
Accepted by SEC: 20 Feb 2025, 16:10:21 UTC
Prior SEC filing: 10 Jan 2025
Next SEC filing: 28 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Evan Dunn, as attorney-in-fact for Euan Abraham

Key filing fact

Euan Abraham filed Form 4 for Serve Robotics Inc. /DE/ (SERV) on 20 Feb 2025.

Key facts

This page summarizes Euan Abraham's Form 4 filing for Serve Robotics Inc. /DE/ (SERV).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 20 Feb 2025, 16:10.

Change

Previous filing in this sequence was filed on 10 Jan 2025.
Current net transaction value: -$312,355.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SERV transaction

Common Stock

Options Exercise

Transaction value: $12,135
Shares: +25,000
Change %: +17%
Price: $0.4854
Shares after: 175,518
Date: 18 Feb 2025
Ownership: Direct

SERV transaction

Common Stock

Sale

Transaction value: $324,490
Shares: -25,000
Change %: -14%
Price: $12.98
Shares after: 150,518
Date: 18 Feb 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SERV transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
Shares: -25,000
Change %: -20%
Price
Shares after: 100,875
Date: 18 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,000
Exercise price: $0.4854
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 16, 2024.

Footnote F2

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.71 to $13.23, 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 sold at each separate price within the range set forth in this footnote.

Footnote F3

The stock option vested as to 1/4 of the total number of shares on November 1, 2022, and an additional 1/48 of the total number of shares 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.

Footnote F4

Received in connection with the Issuer's merger (the "Merger") with Serve Robotics Inc. ("Legacy Serve") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of July 31, 2023, by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve, in exchange for options to acquire 250,000 shares of Legacy Serve common stock for $0.39 per share. The Merger closed on July 31, 2023 (the "Merger Closing Date").