Nvidia Corp - Jul 31, 2023 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Role
10%+ Owner
Signature
Rebecca Peters, Vice President, Deputy General Counsel and Assistant Secretary
Stock symbol
SERV
Transactions as of
Jul 31, 2023
Transactions value $
$2,791,312
Form type
4
Date filed
7/18/2024, 05:20 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Purchase $250K +62.5K +2.39% $4.00* 2.68M Jul 31, 2023 Direct F1
transaction SERV Common Stock Other $2.54M +1.05M +39.23% $2.42* 3.73M Apr 22, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock of the Issuer purchased in a private placement.
F2 Pursuant to the terms of a 6.00% Convertible Promissory Note (the "Convertible Promissory Note") held by the Reporting Person, the Convertible Promissory Note had a floating conversion price. In connection with the Issuer's public offering in April 2024 and pursuant to the terms of the Convertible Promissory Note, the outstanding principal amount of the Convertible Promissory Note and any unpaid accrued interest automatically converted in whole without any further action by the Reporting Person into shares of common stock of the Issuer at a conversion price per share equal to $2.42 resulting in the issuance of 1,050,129 shares of common stock of the Issuer to the Reporting Person.