Company: SERV
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015733
Chunk: 53

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 53
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 options which are or will become exercisable within 60 days of April 14, 2025, and (iii) 1,072 shares of restricted stock units which will become vested within 60 days of April 14, 2025. 267,582 shares of common stock held by Mr. Parang are subject to a repurchase option held by the Company in the event that Mr. Parang’s service with the Company is terminated. |

| (4) | Consists of 65,000 shares of restricted stock units which will become vested within 60 days of April 14, 2025. |

| (5) | Consists of (i) 21,425 shares of common stock and (ii) 20,000 shares of restricted stock units which will become vested within 60 days of April 14, 2025. |

| (6) | Consists of (i) 18,402 shares of common stock and (ii) 20,000 shares of restricted stock units which will become vested within 60 days of April 14, 2025. |

| (7) | Consists of (i) 9,928 shares of common stock and (ii) 20,000 shares of common stock underlying options which will become vested within 60 days of April 14, 2025. |

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TABLE OF CONTENTS CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Below, we describe transactions since January 1, 2023, in which the amounts involved exceeded or will exceed the lesser of (i) $120,000 and (ii) 1% of the average total assets of the Company at year end for the last two completed fiscal years, between the Company and any of our directors, director nominees, executive officers, or beneficial holders of more than 5% of our capital stock. Other than as described below, there have not been transactions to which we have been a party other than compensation arrangements, which are described under “Executive Compensation.” Secured Subordinated Promissory Note with Ali Kashani On December 27, 2023, Serve issued a Secured Subordinated Promissory Note (the “December 2023 Kashani Note”) to Ali Kashani, a holder of greater than 5% of the capital stock of Serve who serves as Chief Executive Officer and is a member of the Board, in exchange for a loan with the aggregate principal amount of $70,000. Pursuant to the