NVIDIA CORP bought SERV
April 22, 2024 · Form 4 insider transaction
NVIDIA CORP bought 1,050,129 shares of Serve Robotics Inc. at $2.42 per share, a transaction worth $2.54M. The trade was recorded as j and disclosed on an SEC Form 4, filed 87 days after the transaction.
Footnotes
Pursuant to the terms of a 6.00% Convertible Promissory Note (the "Convertible Promissory Note") held by the Reporting Person, the Convertible Promissory Note had a floating conversion price. In connection with the Issuer's public offering in April 2024 and pursuant to the terms of the Convertible Promissory Note, the outstanding principal amount of the Convertible Promissory Note and any unpaid accrued interest automatically converted in whole without any further action by the Reporting Person into shares of common stock of the Issuer at a conversion price per share equal to $2.42 resulting in the issuance of 1,050,129 shares of common stock of the Issuer to the Reporting Person.