Company: SERV
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001832483-25-000010
Chunk: 15

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: 10-K
Item: Item 11
Chunk 15
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 $13,225 of fees paid to Mr. Goldberg in connection with his role as a member of the Board of Directors.  

Executive Compensation

Throughout this section, unless otherwise noted, “we,” “us,” “our,” “Company” and similar terms refer to Serve prior to the closing of the Merger, and to the Company and its subsidiaries after the closing of the Merger.

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Table of Contents

This section discusses the material components of the executive compensation program for the Company’s named executive officers who appear in the “2024 Summary Compensation Table” below. In 2024, the “named executive officers” and their positions with the Company were as follows:

•Ali Kashani: Chief Executive Officer

•Touraj Parang: President & Chief Operating Officer

•Brian Read: Chief Financial Officer

This discussion may contain forward-looking statements that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs that we adopt may differ materially from the currently planned programs summarized in this discussion.

2024 Summary Compensation Table

The following table sets forth the portion of compensation paid to the named executive officers for the fiscal years ended December 31 2024 and 2023.

Name and Principal PositionYearSalary ($)Bonus  ($)Stock Awards ($)(1)Option Awards ($)(2)Non-Equity Incentive Plan Compensation ($)Nonqualified Deferred Compensation Earnings ($)All Other Compensation ($)Total ($)Ali Kashani2024236,667 — 8,445,000 — — — — 8,681,667 Chief Executive Officer2023105,738 — — 36,984 — — — 142,722 Touraj Parang2024328,333 — 3,009,064 — — — — 3,337,397 President & Chief Operating Officer2023238,500 — — 11,655 — — — 250,155 Brian Read2024168,561 25,000 1,461,900 — — — — 1,655,461 Chief Financial Officer

(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