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

Reporting relationship: Chief Financial Officer
Issuer ticker: SERV
Reported as of: 31 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Aug 2023, 16:45:16 UTC
Source filing: View source filing
Reporting owner signature: /s/ Ali Kashani, as Attorney-in-Fact

Key filing fact

April Pannell filed Form 4 for Patricia Acquisition Corp. (SERV) on 02 Aug 2023.

Key facts

This page summarizes April Pannell's Form 4 filing for Patricia Acquisition Corp. (SERV).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Aug 2023, 16:45.

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: +20,087
Change %
Price
Shares after: 20,087
Date: 31 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,087
Exercise price: $0.8588
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The stock option vested as to 1/48 of the total number of shares on February 1, 2023, 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 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 25,000 shares of Legacy Serve common stock for $0.69 per share.