Euan Abraham - Jul 31, 2023 Form 4 Insider Report for Patricia Acquisition Corp. (NONE)

Role
SVP, Hardware & Engineering
Signature
/s/ Ali Kashani, as Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Jul 31, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 04:43 PM
Next filing
Sep 6, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NONE Stock Option (Right to Buy) Award +201K 201K Jul 31, 2023 Common Stock 201K $0.49 Direct F1, F2
transaction NONE Stock Option (Right to Buy) Award +100K 100K Jul 31, 2023 Common Stock 100K $0.49 Direct F3, F4
transaction NONE Stock Option (Right to Buy) Award +12.9K 12.9K Jul 31, 2023 Common Stock 12.9K $0.86 Direct F5, F6
transaction NONE Stock Option (Right to Buy) Award +4.8K 4.8K Jul 31, 2023 Common Stock 4.8K $0.86 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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").
F3 The stock option vested as to 1/48 of the total number of shares on July 15, 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.
F4 Received in connection with the Merger in exchange for options to acquire 125,000 shares of Legacy Serve common stock for $0.39 per share.
F5 The stock option will vest in full on the one-month anniversary of the Merger Closing Date.
F6 Received in connection with the Merger in exchange for options to acquire 16,066 shares of Legacy Serve common stock for $0.69 per share.
F7 The stock option vested as to 1/48 of the total number of shares on July 1, 2023, and an additional 1/48 of the total number of shares will 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.
F8 Received in connection with the Merger in exchange for options to acquire 5,968 shares of Legacy Serve common stock for $0.69 per share.