Company: SERV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001832483-25-000038
Chunk: 11

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 3
Chunk 11
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ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

On January 6, 2025, Ali Kashani, our Chief Executive Officer, upon discussion with and approval by the Company, terminated a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, which he had previously adopted with respect to the potential sale of up to 600,000 shares of the Company's common stock. The arrangement was adopted on August 19, 2024, and had a termination date of the earlier of (i) August 19, 2025 or (ii) the date on which an aggregate of 600,000 shares of common stock have been sold under the Rule 10b5-1 trading plan.

Other than as disclosed above, during the three months ended March 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).

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Table of Contents 

ITEM 6. EXHIBITS

Exhibit No.Description10.1Form of Securities Purchase Agreement, by and among Serve Robotics Inc. and a certain institutional investor (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC on January 7, 2025).10.2Placement Agency Agreement, dated January 7, 2025, by and between Serve Robotics Inc. and Northland Securities, Inc. (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the SEC on January 7, 2025).10.3Controlled Equity OfferingSM Sales Agreement, dated March 6, 2025, by and among the Company and Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc. and Seaport Global Securities LLC (incorporated by reference to Exhibit 1.2 to the Registration Statement on Form S-3 filed with the SEC on March 6, 2025).31.1*Certification of Principal Executive Officer Pursuant to Rules 13