Euan Abraham - 31 Jul 2023 Form 4 Insider Report for Patricia Acquisition Corp. (SERV)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Aug 2023, 16:43:14 UTC
Next SEC filing
06 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ali Kashani, as Attorney-in-Fact

Key filing fact

Euan Abraham filed Form 4 for Patricia Acquisition Corp. (SERV) on 02 Aug 2023.

Key facts

  • This page summarizes Euan Abraham's Form 4 filing for Patricia Acquisition Corp. (SERV).
  • 4 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 02 Aug 2023, 16:43.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

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 derivative securities

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

SERV transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares
+200,875
Change %
Price
Shares after
200,875
Date
31 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
200,875
Exercise price
$0.4854
Footnotes
F1, F2
SERV transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares
+100,437
Change %
Price
Shares after
100,437
Date
31 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
100,437
Exercise price
$0.4854
Footnotes
F3, F4
SERV transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares
+12,909
Change %
Price
Shares after
12,909
Date
31 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,909
Exercise price
$0.8588
Footnotes
F5, F6
SERV transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares
+4,795
Change %
Price
Shares after
4,795
Date
31 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,795
Exercise price
$0.8588
Footnotes
F7, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote 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").

Footnote 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.

Footnote 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.

Footnote F5

The stock option will vest in full on the one-month anniversary of the Merger Closing Date.

Footnote 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.

Footnote 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.

Footnote 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.

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