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Serve Robotics Inc. /DE/ — Director's Dealing 2024
Dec 10, 2024
32503_dirs_2024-12-09_0a30a31a-596a-4f3e-8801-f98dc859c37b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Serve Robotics Inc. /DE/ (SERV)
CIK: 0001832483
Period of Report: 2024-12-05
Reporting Person: Kashani Ali (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-05 | Common Stock | S | 2500 | $9.55 | Disposed | 3336342 | Direct |
| 2024-12-05 | Common Stock | S | 3138 | $9.92 | Disposed | 3333204 | Direct |
| 2024-12-06 | Common Stock | M | 45182 | $0.9446 | Acquired | 3378386 | Direct |
| 2024-12-06 | Common Stock | M | 403 | $0.9446 | Acquired | 3378789 | Direct |
| 2024-12-06 | Common Stock | S | 4291 | $10 | Disposed | 3374498 | Direct |
| 2024-12-06 | Common Stock | S | 7500 | $11.1233 | Disposed | 3366998 | Direct |
| 2024-12-06 | Common Stock | S | 20000 | $11.7933 | Disposed | 3346998 | Direct |
| 2024-12-09 | Common Stock | S | 2500 | $13.52 | Disposed | 3344498 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-06 | Stock Option (right to buy) | $0.9447 | M | 45182 | Disposed | 2028-06-06 | Common Stock (45182) | Direct |
| 2024-12-06 | Stock Option (right to buy) | $0.9447 | M | 403 | Disposed | 2028-06-06 | Common Stock (403) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 16070 | Indirect |
Footnotes
F1: Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on August 19, 2024.
F2: Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs and RSAs. Such sale was executed pursuant to provisions of securities agreements by and between the Issuer and the Reporting Person.
F3: Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.
F4: Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock incurred upon the above-reported exercise of options.
F5: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.49 to $11.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F6: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.59 to $11.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F7: Stock Option is fully vested.
F8: The stock option vested as to 1/48 of the total number of shares on June 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.