Serve Robotics (SERV) affiliate sells stock, partly for taxes

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) had an affiliate, Brian Read, file a notice under Rule 144 indicating potential sales of common stock. The filing lists recent sales of 1,496 and 25,240 shares in June and August 2026 and discloses that part of the sale proceeds cover a tax obligation from a vested equity award. It also identifies multiple future "Restricted Stock Vesting" events through August 2026, with specific share amounts scheduled to become eligible for sale.

Key Figures

Shares sold on 06/10/2026: 1,496 shares Proceeds on 06/10/2026 sale: $10,824.16 Shares sold on 08/17/2026: 25,240 shares +4 more

7 metrics

Shares sold on 06/10/2026 1,496 shares Common stock sale by Brian Read on 06/10/2026

Proceeds on 06/10/2026 sale $10,824.16 Cash amount reported for 1,496-share sale on 06/10/2026

Shares sold on 08/17/2026 25,240 shares Common stock sale by Brian Read on 08/17/2026

Proceeds on 08/17/2026 sale $132,257.60 Cash amount reported for 25,240-share sale on 08/17/2026

Restricted stock vesting 06/29/2026 1,333 shares Common stock "Restricted Stock Vesting" event categorized as compensation

Restricted stock vesting 07/31/2026 3,017 shares Common stock "Restricted Stock Vesting" event categorized as compensation

Restricted stock vesting 08/05/2026 224 shares Common stock "Restricted Stock Vesting" event categorized as compensation

Key Terms

Rule 144, Restricted Stock Vesting, attorney-in-fact, equity award

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Vesting financial

"Common | 06/29/2026 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

attorney-in-fact regulatory

"as attorney-in-fact for Brian Read"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

equity award financial

"resulting from the settlement of a vested equity award distribution."

An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.

FAQ

What does the Form 144 filing for SERV by Brian Read disclose?

The Form 144 for SERV discloses that Brian Read may sell company common stock under Rule 144. It details past sales, upcoming restricted stock vesting events, and notes that part of the sale covers a tax obligation from a vested equity award.

How many SERV shares did Brian Read sell recently under Rule 144?

Brian Read reported selling 1,496 SERV common shares on June 10, 2026 and 25,240 shares on August 17, 2026. The filing also notes that sale proceeds include an amount to cover a tax obligation arising from vested equity awards.

What future SERV share vesting events are listed in this Form 144?

The notice lists "Restricted Stock Vesting" events for SERV common stock of 1,333 shares on June 29, 2026, 222 on July 2, 2026, 1,333 on July 29, 2026, 3,017 on July 31, 2026, and 224 on August 5, 2026, all identified as compensation.

Why does the SERV Form 144 mention a tax obligation?

The remarks state that the sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award. This indicates part of the proceeds relates to taxes tied to equity compensation rather than discretionary share liquidation.

Who is executing the Form 144 sales for SERV on behalf of Brian Read?

The notice is signed by Daniel Tucci as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Brian Read. This means the brokerage firm is authorized to execute the Rule 144 transactions.

What security type is covered in Brian Read’s SERV Form 144?

All transactions disclosed in the Form 144 involve common stock of Serve Robotics Inc. (SERV). The filing lists both past sales and future shares becoming eligible through Restricted Stock Vesting events categorized as compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/18/2026 - 05:07 PM Accepted by SEC EDGAR 08/18/2026 - 05:07 PM Learn about SEC filing dates

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	0002021854
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Serve Robotics Inc. /DE/
SEC File Number	001-42023
Address of Issuer	1360 BAYPORT AVENUE SAN CARLOS CALIFORNIA 94070
Phone	818-860-1352
Name of Person for Whose Account the Securities are To Be Sold	Read Brian
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	Officer

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	6129	27951.31	86707507	08/18/2026	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	06/29/2026	Restricted Stock Vesting	Issuer			1333	06/29/2026	Compensation
Common	07/02/2026	Restricted Stock Vesting	Issuer			222	07/02/2026	Compensation
Common	07/29/2026	Restricted Stock Vesting	Issuer			1333	07/29/2026	Compensation
Common	07/31/2026	Restricted Stock Vesting	Issuer			3017	07/31/2026	Compensation
Common	08/05/2026	Restricted Stock Vesting	Issuer			224	08/05/2026	Compensation

* 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
Brian Read 1360 Bayport Avenue San Carlos CA 94070	Common	06/10/2026	1496	10824.16
Brian Read 1360 Bayport Avenue San Carlos CA 94070	Common	08/17/2026	25240	132257.60

144: Remarks and Signature

Remarks	Sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution.
Date of Notice	08/18/2026
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	/s/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Brian Read
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)