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

Role
Director
Signature
/s/ Ali Kashani, as Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Jul 31, 2023
Transactions value $
$24,992
Form type
4
Date filed
8/2/2023, 04:47 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Award +3.68K 3.68K Jul 31, 2023 Direct F1
transaction NONE Common Stock Award $25K +6.25K +169.78% $4.00* 9.93K Jul 31, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 (the "Merger Agreement"), by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy Serve capital stock was entitled to receive 0.80350 shares of Common Stock. The Merger closed on July 31, 2023.
F2 Represents shares of Common Stock acquired by the Reporting Person immediately following the Merger in a private placement pursuant to a Subscription Agreement dated as of July 31, 2023. The issuance of the shares to the Reporting Person was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.