Company: SERV
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015733
Chunk: 24

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 24
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 Kashani has served as our Chief Executive Officer and Chairman of our Board since the Merger in July 2023. Prior to the Merger, Dr. Kashani co-founded Serve in January 2021 and has served as its Chief Executive Officer and a member of the Board of Directors of Serve since then. Prior to co-founding Serve, he served as Vice President of Postmates, an on-demand food delivery platform, from July 2017 to January 2021. Dr. Kashani received both his Bachelor of Science in Computer Engineering and his Doctorate in Robotics from the University of British Columbia. We believe he is qualified to remain on the Board due to the institutional knowledge he brings as Co-Founder and Chief Executive Officer of the Company and his business and robotics experience. Touraj Parang has served as our President and Chief Operating Officer and a member of our Board since the Merger in July 2023. Mr. Parang has served as Serve’s Chief Operating Officer and as a member of its Board of Directors since March 2021 and as President of Serve since July 2022. Prior to joining Serve, Mr. Parang worked at GoDaddy Inc. (NYSE: GDDY) from May 2014 to March 2021, where he began as Senior Director of Corporate Development and most recently served as Vice President of Corporate Development. Mr. Parang received his Bachelor of Arts in Philosophy and Economics from Stanford University and his Juris Doctorate from Yale Law School. We believe that Mr. Parang is qualified to serve on our Board due to his extensive experience with early-stage startups and prior leadership role at a publicly traded company.

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TABLE OF CONTENTS Director Compensation Dr. Kashani and Mr. Parang are employed as our Chief Executive Officer and President and Chief Operating Officer, respectively, and receive no compensation for their service as directors. The compensation received by Dr. Kashani and Mr. Parang as employees is shown in “ Executive Compensation—Summary Compensation Table” below. On November 26, 2024, we adopted our Amended and Restated Outside Director Compensation Policy (the “Director Compensation Policy”), effective as of November 26, 2024, pursuant to which we pay each non-employee director other than Sarfraz Maredia annual cash retainers and equity awards, as further described below. Mr. Maredia receives no compensation for his service as a director. Pursuant to the Director Compensation Policy, each non-employee director other than Mr. M