Company: SERV
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001832483-25-000010
Chunk: 13

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: 10-K
Item: Item 11
Chunk 13
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 the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the applicable non-employee director’s continuous service through the applicable vesting date; provided that if we do not have an effective Form S-8 registration statement on file with the SEC with sufficient shares available to cover the applicable equity award as of the date such award is granted (an “Effective S-8”), the grant of such equity award shall be delayed until such time there is an Effective S-8.

Notwithstanding the foregoing, for each non-employee director who remains in continuous service as a member of our Board until immediately prior to the consummation of a change in control, any unvested portion of an equity award granted in consideration of such non-employee director’s service as a member of our Board will vest in full immediately prior to, and contingent upon, the consummation of a change in control.

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Table of Contents

The non-employee director compensation program is intended to provide a total compensation package that enables us to attract and retain qualified and experienced individuals to serve as directors and to align our directors’ interests with those of our stockholders.

Director Compensation Table

The following table sets forth certain information concerning compensation earned by the Company’s non-employee directors for services rendered as a director during the year ended December 31, 2024:

NameFees earned or paid in cash ($)Stock Awards ($) (1)Option Awards ($) (2)Non-equity incentive plan compensation ($)Nonqualified deferred compensation earnings ($)All other compensation ($)Total ($)David Goldberg188,225 (8)433,100 (3)— — — — 621,325 Sarfraz Maredia— — — — — — — Lily Sarafan2,201 173,600 (4)— — — — 175,801 Olivier Vincent30,000 — 41,200 (5)— — — 71,200 James Buckly Jordan27,799 — 41,200 (6)— — — 68,999 Ali Pourdad16,775 — 41,200 (7)— — — 57,975 

(1)Amounts reflected in this column represent the grant date fair value of restricted stock units. The grant date fair value is measured based on the closing price of our common stock on the date of grant in accordance