[144] Serve Robotics Inc. /DE/ SEC Filing

Rhea-AI Filing Summary

Serve Robotics insider Euan Abraham has filed a Form 144 to sell 8,433 common shares via Raymond James with an aggregate market value of $104,358.38, representing a small fraction of the company's 61,580,000 outstanding shares. The shares to be sold were primarily from RSU vesting events between June 2024 and August 2025 and are scheduled for sale on 09/18/2025 through NASDAQ. The filing also discloses two prior sales in the past three months totaling 14,733 shares for gross proceeds of $156,270.20. The filer certifies no undisclosed material adverse information and indicates cash payment will be received on sale.

Positive

• Clear disclosure of broker, planned sale date (09/18/2025), and aggregate market value ($104,358.38)
• Transactions originate from RSU vesting, indicating compensation-related liquidity rather than sale of long-held positions
• Prior recent sales disclosed (14,733 shares for $156,270.20), showing transparency about recent insider activity
• Form includes filer attestation that no material nonpublic information is known, consistent with compliance

Negative

• None.

Insights

Financial Analyst

TL;DR: Insiders are selling recently vested RSUs, but the amounts are immaterial to share count and suggest routine liquidity rather than a company-specific concern.

The Form 144 shows 8,433 shares (aggregate value $104.4k) planned for sale on 09/18/2025 and prior sales of 14,733 shares in August and September 2025. The shares originated from RSU vesting across 2024-2025, indicating these are compensation-related disposals rather than open-market liquidations of long-held stock. Relative to 61.58 million shares outstanding, the planned sale is de minimis (<0.02%). For investors, this filing signals insider liquidity activity but lacks material scale to affect capitalization or infer negative insider views.

Corporate Governance Expert

TL;DR: Filing demonstrates procedural compliance with Rule 144 and disclosure norms; no governance red flags evident.

The notice includes broker information, acquisition dates tied to RSU vesting, previous recent sales, and the filer’s attestation regarding material nonpublic information. These elements align with standard compliance expectations for Rule 144 dispositions. There is no disclosure of a trading plan adoption date on the form, but the signature attestation is present. Overall governance implications are neutral given the routine nature and small scale of the transactions.

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 880 Carillon Parkway St. Petersburg FL 33716	8433	104358.38	61580000	09/18/2025	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: 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	06/11/2024	RSU Vesting	Issuer			344	09/18/2025	Cash
Common	07/01/2024	RSU Vesting	Issuer			345	09/18/2025	Cash
Common	08/01/2024	RSU Vesting	Issuer			130	09/18/2025	Cash
Common	09/01/2024	RSU Vesting	Issuer			365	09/18/2025	Cash
Common	01/01/2025	RSU Vesting	Issuer			1072	09/18/2025	Cash
Common	02/01/2025	RSU Vesting	Issuer			412	09/18/2025	Cash
Common	08/01/2025	RSU Vesting	Issuer			5765	09/18/2025	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: 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	08/05/2025	2130	22663.20
Euan Abraham 2223 Cawdor Ct Lansing MI 48917	Common	09/08/2025	12603	133607.00

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 did SERV insider Euan Abraham disclose in the Form 144?

The filing discloses a proposed sale of 8,433 common shares valued at $104,358.38, to be executed on 09/18/2025 via Raymond James on NASDAQ.

Where did the shares being sold come from according to the filing?

The shares were acquired through RSU vesting on multiple dates between 06/11/2024 and 08/01/2025.

Has this insider sold SERV shares recently?

Yes. The filer sold 2,130 shares on 08/05/2025 for $22,663.20 and 12,603 shares on 09/08/2025 for $133,607.00.

How material is the proposed sale relative to SERV's outstanding shares?

The proposed sale of 8,433 shares is immaterial relative to 61,580,000 outstanding shares (well under 0.1% of the share count).

What payment type is expected for the planned sale?

The filing indicates the securities will be sold for cash on the stated sale date.