Serve Robotics insider files Form 144 to sell 4,825 RSUs via Raymond James

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) filed a Form 144 notice reporting a proposed sale of 4,825 common shares, with an aggregate market value of $73,585.11, expected to occur on 10/07/2025 on NASDAQ. The shares were acquired by the seller as an RSU grant that vested on 10/06/2025, and the planned sale will be handled through Raymond James & Associates. The filer indicates the sale will be paid in cash.

The filing also discloses prior sales by the same person during the past three months: 53,690 shares sold on 09/05/2025 for $555,568.00 and 5,565 shares sold on 08/05/2025 for $59,212.16, totaling 59,255 shares and $614,780.16 in gross proceeds. The seller certified no material nonpublic information is known to them as part of the notice.

Positive

• Planned sale is of vested RSUs acquired on 10/06/2025, indicating standard compensation liquidity
• Brokered transaction via Raymond James provides an orderly mechanism to sell the shares on NASDAQ
• Filer certified no material nonpublic information in the notice

Negative

• Insider sold a total of 59,255 shares in the past three months, which could increase available shares in the market
• Proposed sale adds 4,825 shares (aggregate $73,585.11) to near-term insider supply

Insights

Equity Capital Markets Analyst

TL;DR: An insider sale of vested RSUs adds immediate liquidity but follows recent sizable dispositions.

The filing shows 4,825 newly vested RSUs scheduled for sale on 10/07/2025 through Raymond James, representing a cash value of $73,585.11. Sales of vested equity are a routine liquidity mechanism for insiders and plan participants; this transaction converts compensation into cash without changing company capital structure.

There were recent prior sales totaling 59,255 shares for $614,780.16 in the past two months, which increases the volume of insider-originated supply in the market. Monitor short-term trading volumes around 10/07/2025 to observe any localized price impact; absent other disclosures, these are exercised/vested sales rather than secondary transfers to a strategic buyer.

Corporate Governance Specialist

TL;DR: The notice is procedurally complete and includes the required certification about material nonpublic information.

The filer attests they do not possess undisclosed material adverse information and references Rule 10b5-1 plan language; the filing documents acquisition date (10/06/2025), nature of acquisition (RSU grant vest), and intended broker (Raymond James), satisfying common Form 144 disclosure elements.

For governance monitoring, note the cadence of insider sales (two prior sales plus this notice) within a short timeframe; stakeholders may track any further disclosures or company announcements in the coming weeks for context.

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	4825	73585.11	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			10973	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
TOURAJ PARANG 26565 Anacapa Dr LOS ALTOS HILLS CA 94022	COMMON	09/05/2025	53690	555568.00
TOURAJ PARANG 26565 ANACAPA DR. LOS ALTOS HILLS CA 94022	COMMON	08/05/2025	5565	59212.16

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 Serve Robotics (SERV) reported on Form 144 mean?

It reports a proposed sale of 4,825 common shares valued at $73,585.11 planned for 10/07/2025 on NASDAQ.

Who is selling the SERV shares and how were they acquired?

The shares were acquired by the seller as an RSU grant that vested on 10/06/2025; the sale will be executed through Raymond James & Associates.

Has the seller sold other SERV shares recently?

Yes. The seller sold 53,690 shares on 09/05/2025 for $555,568.00 and 5,565 shares on 08/05/2025 for $59,212.16.

Does the Form 144 include a certification about nonpublic information?

Yes. The filer represents by signing that they do not know any material adverse information about the issuer that is not publicly disclosed.

Will this Form 144 change Serve Robotics' capitalization?

No. The notice documents the sale of existing shares by an individual; it does not alter the company's outstanding share count.