Serve Robotics insider sale notice: 12,930 shares; RSU vest noted

Rhea-AI Filing Summary

Serve Robotics, Inc. (SERV) filed a Form 144 notice reporting a proposed sale of 12,930 common shares for an aggregate market value of $194,954.66 through Raymond James & Associates on 10/07/2025. The filing states these shares were acquired the prior day, 10/06/2025, as an RSU grant vest of 30,557 shares and that payment for the intended sale will be in cash. The filer also disclosed a prior sale on 09/08/2025 of 164,735 shares yielding $1,701,729.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Disclosure compliance: required Form 144 details (broker, share counts, dates) are provided
• Use of a registered broker (Raymond James) indicates standard execution channels
• Seller attestation that no undisclosed material adverse information is known

Negative

• Recent insider selling: prior disposition of 164,735 shares on 09/08/2025 for $1,701,729.00 indicates meaningful insider liquidity
• Rapid turnover of recently vested RSUs: 30,557 RSUs vested on 10/06/2025 with a planned sale on 10/07/2025, which could be viewed negatively by some investors

Insights

Equity Compensation Analyst

TL;DR: An insider RSU vest followed by a planned sale of a portion of vested shares; normal liquidity event.

The filing shows 30,557 RSUs vested on 10/06/2025, with a proposed sale of 12,930 shares the next day through Raymond James. This pattern—vesting followed by a partial sale—commonly reflects routine post-vesting liquidity by a holder rather than a corporate financing or market-moving event.

Key dependencies include the issuer's trading windows and any adopted trading plan; the notice affirms no undisclosed material information. Watch for additional Form 4/Form 144 filings within the next 30 days that could show further dispositions or a trading plan adoption.

Securities Compliance Attorney

TL;DR: The Form 144 meets disclosure mechanics but signals recent insider sales activity.

The document lists the broker, exact share counts, acquisition method (RSU vest), and sale timing—elements required to satisfy Rule 144 notice conventions. The seller’s written representation that no material nonpublic information exists is included, aligning with compliance norms.

Risks to monitor are any subsequent clarifying filings or evidence of a Rule 10b5-1 plan; if a plan exists it should be disclosed in related filings. Expect potential related Form 4s or amendments within a short regulatory window.

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	12930	194954.66	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			30557	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
ALI HAGHIGHAT KASHANI 13630 Roble Alto Ct Los Altos Hills CA 94022	COMMON	09/08/2025	164735	1701729.00

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) Form 144 filed for 10/07/2025 report?

The filing reports a proposed sale of 12,930 common shares with aggregate market value $194,954.66 to be executed through Raymond James on 10/07/2025.

When and how were the shares proposed for sale acquired?

The shares were acquired on 10/06/2025 via an RSU grant vest totaling 30,557 shares, and the planned sale payment method is cash.

Did the filer sell other Serve Robotics shares recently?

Yes: the filing discloses a prior sale of 164,735 common shares on 09/08/2025 with gross proceeds of $1,701,729.00.

Does the filing state whether the seller knows of undisclosed material information?

Yes: the seller represents by signature that they do not know any material adverse information not publicly disclosed.

Which broker will handle the proposed sale for SERV on 10/07/2025?

Raymond James & Associates, Inc. at the address listed in the filing will act as the broker for the proposed transaction.