[144/A] Serve Robotics Inc. SEC Filing

Rhea-AI Filing Summary

Form 144/A for Serve Robotics, Inc. (SERV) reports a proposed sale of 10,195 common shares with an aggregate market value of $100,114.90 to be sold on 08/18/2025 through Raymond James & Associates on NASDAQ.

The filing shows those shares were acquired via restricted stock unit vesting on 04/29/2025 (6,408 shares), 05/29/2025 (3,705 shares) and 06/29/2025 (82 shares). Payment is listed as cash. The notice is filed for the account of Brian Read, whose address is provided, and includes the seller's representation that no undisclosed material adverse information is known.

The filing also discloses prior open-market sales by the same person during the past three months, including a sale of 29,100 shares on 05/02/2025 and multiple other sales totaling tens of thousands of shares with gross proceeds shown for each transaction.

Positive

• Full compliance disclosure: Broker, sale date, share count, aggregate market value, and acquisition details are all provided
• Acquisition source stated: Shares were acquired via RSU vesting, clarifying the nature of insider holdings
• Prior sales disclosed: Detailed list of past three months' sales with gross proceeds enhances transparency

Negative

• Significant prior sale: A sale of 29,100 shares on 05/02/2025 is disclosed, which is a large disposition reported in this filing period
• Concentrated near-term selling: Multiple sales across May through August 2025 suggest notable insider liquidity activity

Insights

Securities Analyst

TL;DR An insider plans a modest sale of vested RSUs; recent large prior sales are disclosed but this filing is routine disclosure.

The notice documents a proposed sale of 10,195 common shares valued at $100,114.90 to be executed on 08/18/2025 through Raymond James. The shares were acquired through RSU vesting on three separate dates in April through June 2025 and will be sold for cash. The filer also disclosed multiple prior sales in the preceding three months, including a 29,100-share sale on 05/02/2025. From a market-impact perspective this filing is informational and aligns with typical insider liquidity events; it does not itself disclose corporate operational or financial changes.

Corporate Governance Expert

TL;DR Filing follows Rule 144 requirements and includes required declarations; the disclosure is procedural and compliant.

The form identifies the broker, planned sale date, acquisition method (RSU vest), and prior sales history, and includes the signer’s representation about absence of undisclosed material adverse information. These elements meet standard disclosure practices for compliance with Rule 144/A. The presence of multiple recent sales is relevant for governance transparency but the filing contains no allegations of misconduct or governance changes.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	10195	100114.90	59880000	08/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/29/2025	RSU Grant Vest	Issuer			6408	08/18/2025	Cash
Common	05/29/2025	RSU Grant Vest	Issuer			3705	08/18/2025	Cash
Common	06/29/2025	RSU Grant Vest	Issuer			82	08/18/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Brian Read 730 Broadway St Redwood City CA 94063	Common	08/05/2025	2592	27583.55
Brian Read 730 Broadway St Redwood City CA 94063	Common	07/30/2025	1212	12673.52
Brian Read 730 Broadway St Redwood City CA 94063	Common	07/01/2025	1291	13985.27
Brian Read 730 Broadway St Redwood City CA 94063	Common	06/09/2025	2000	25180.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/30/2025	1295	14977.00
Brian Read 730 Broadway St Redwood City CA 94063	Comon	05/27/2025	3000	36450.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/22/2025	1000	11520.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/13/2025	8900	79655.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/09/2025	7000	56200.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/02/2025	29100	205440.18

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is being reported in the SERV Form 144/A?

The filing reports a proposed sale of 10,195 common shares of Serve Robotics (SERV) with an aggregate market value of $100,114.90 to be sold on 08/18/2025 through Raymond James.

Who is the seller listed on the Form 144/A?

The seller listed is Brian Read with an address at 730 Broadway St, Redwood City, CA 94063, as shown in the filing.

How were the shares acquired that are proposed for sale?

The shares were acquired by RSU grant vesting on 04/29/2025 (6,408 shares), 05/29/2025 (3,705 shares), and 06/29/2025 (82 shares).

Does the filing show prior sales by the same person?

Yes. The filing lists multiple sales in the past three months, including 29,100 shares sold on 05/02/2025 and other sales with gross proceeds detailed for each transaction.

Which broker and exchange are being used for the proposed sale?

The proposed sale is to be executed through Raymond James & Associates and the securities trade on NASDAQ.

What representation does the filer make about material information?

By signing the notice the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.