Serve Robotics insider to sell 1,480 shares after RSU vesting

Rhea-AI Filing Summary

Serve Robotics, Inc. (SERV) reported a Form 144 notice showing an insider intends to sell 1,480 common shares with an aggregate market value of $22,473.80 on 10/07/2025 via Raymond James & Associates on Nasdaq. The shares were acquired as an RSU grant that vested on 10/06/2025 and payment was in cash. The filing also discloses recent open-market sales by the same person totaling 39,733 shares across three trades between 08/05/2025 and 09/18/2025, with gross proceeds of $531,019.12. The signer certifies no undisclosed material adverse information and notes potential applicability of a trading plan or Rule 10b5-1 conditions.

Positive

• Sale stems from RSU vesting, indicating routine employee liquidity rather than forced disposition
• Brokered sale through Raymond James suggests an orderly market execution

Negative

• Insider sold 39,733 shares in the prior three months for $531,019.12 gross, which may increase share supply near term

Insights

Equity Markets Analyst

TL;DR: Insider sale is modest and stems from vested RSUs, not an open-market disposition of a controlling stake.

The notice shows 1,480 shares to be sold on 10/07/2025 after an RSU vest on 10/06/2025, executed through Raymond James on Nasdaq. Sales of vested awards are common liquidity events for employees and do not by themselves indicate governance change.

Primary dependencies include the insider's remaining holdings and any trading plan terms; the filing discloses prior sales of 39,733 shares with $531,019.12 gross proceeds in the past three months, which may reflect routine diversification or cash needs. Watch for further Form 4/Form 144 filings in the near term if additional scheduled sales are disclosed.

Compliance & Securities Counsel

TL;DR: The Form 144 declaration follows Rule 144 mechanics: sale of newly vested RSUs with representation about undisclosed material information.

The filer states the shares were acquired via an RSU grant and lists cash as the payment method, satisfying the acquisition disclosure. The required representation that no undisclosed material adverse information exists is included, and the sale will be broker-assisted.

Key procedural items to monitor include any mention of a dated 10b5-1 trading plan or subsequent Form 4 filings that would finalize settlement and record actual sales proceeds and remaining holdings.

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

144: Filer Information

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

144: 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: 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, Inc. 880 Carillon Parkway St. Petersburg FL 33716	1480	22473.80	61580000	10/07/2025	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: 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	10/06/2025	RSU GRANT VEST	ISSUER			3889	10/07/2025	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: 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
Euan Abraham 2223 Cawdor Ct Lansing MI 48917	Common	09/18/2025	25000	374750.00
Euan Abraham 2223 Cawdor Ct Lansing MI 48917	Common	09/08/2025	12603	133606.92
Euan Abraham 2223 Cawdor Ct Lansing MI 48917	Common	08/05/2025	2130	22663.20

144: 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 does the Form 144 filed for SERV mean?

It notifies the SEC of a proposed sale of 1,480 common shares valued at $22,473.80 to occur on 10/07/2025, filed under Rule 144.

Why are these shares being sold for SERV?

The filing states the shares were acquired via an RSU grant that vested on 10/06/2025 and the payment method is listed as cash.

How much has this insider sold recently for SERV?

The insider sold 25,000, 12,603, and 2,130 shares on 09/18/2025, 09/08/2025, and 08/05/2025 respectively, totaling 39,733 shares and $531,019.12 gross proceeds.

Which broker and exchange will handle the SERV sale?

The sale is planned through Raymond James & Associates on the Nasdaq exchange.

Does the Form 144 imply undisclosed problems at SERV?

No. The signer explicitly represents they do not know of any material adverse information about the issuer that is not publicly disclosed.