SERV Rule 144 Notice: RSU Vesting Leads to 3,941-Share Sale on 09/18/2025

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 144 notice: An insider submitted a Rule 144 notice to sell 3,941 common shares via Raymond James & Associates on 09/18/2025, with an stated aggregate market value of $50,054.48. The shares were acquired through RSU vesting on 08/01/2025 (691 shares) and 09/05/2025 (3,250 shares), and the planned sale is to be settled for cash. The filing lists multiple prior sales by the same person in the preceding three months, including sales on dates from 07/01/2025 through 09/11/2025, with individual gross proceeds shown for each transaction. The filer affirms no undisclosed material adverse information.

Positive

• Rule 144 compliance: The filer provides required details including broker, acquisition dates, and payment method.
• Transparency: Multiple recent sales are disclosed with gross proceeds, aiding investor visibility.

Negative

• Insider selling activity: The filer sold multiple parcels in recent months, which may be interpreted by some investors as increased insider liquidity.

Insights

Securities Analyst

TL;DR: Routine insider RSU vesting and scheduled Rule 144 sale; multiple recent dispositions reported.

The filing documents a planned sale of 3,941 common shares of Serve Robotics acquired by RSU vesting in August and September 2025 and to be sold through Raymond James on 09/18/2025 for cash. The notice also lists several recent sales by the same individual between 07/01/2025 and 09/11/2025 with disclosed gross proceeds per trade. From a market-impact perspective this is a compliance-driven disclosure of insider sales rather than new corporate operating information. The amounts disclosed are small relative to the reported outstanding share count of 61,580,000, and the filer attests no undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 reporting requirements; pattern of periodic sales and RSU vesting is documented.

The Form 144 provides required details about acquisition dates, nature of acquisition (RSU vesting), broker information, payment method (cash), and recent sales history for the reporting person. This supports transparency around insider liquidity events and trading plan adherence. The filing includes the standard attestation regarding material non-public information. No statements in the filing indicate governance issues or undisclosed adverse information.

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	3941	50054.48	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	08/01/2025	RSU Vesting	Issuer			691	09/18/2025	Cash
Common	09/05/2025	RSU Vesting	Issuer			3250	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
Brian Read 730 Broadway St Redwood City CA 94063	Common	09/11/2025	4319	59808.44
Brian Read 730 Broadway St Redwood City CA 94063	Common	09/08/2025	7175	74883.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	09/02/2025	1330	13539.40
Brian Read 730 Broadway St Redwood City CA 94063	Common	08/25/2025	10216	100323.16
Brian Read 730 Broadway St Redwood City CA 94063	Common	08/18/2025	10195	100114.90
Brian Read 730 Broadway St Redwood City CA 94063	Common	08/05/2025	2592	27583.55
Brian Read 730 Broadway St Redwood City CA 94063	Common	07/30/2025	1212	12673.52
Brian Read 730 Broadway St Redwood City CA 94063	Common	07/01/2025	1291	13985.27

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) report in this Form 144?

The filing notifies a proposed Rule 144 sale of 3,941 common shares to be executed on 09/18/2025 through Raymond James, valued at $50,054.48.

How were the shares being sold acquired?

The shares were acquired via RSU vesting on 08/01/2025 (691 shares) and 09/05/2025 (3,250 shares).

Has the same person sold shares recently?

Yes. The filing lists multiple sales by the same person between 07/01/2025 and 09/11/2025 with disclosed amounts and gross proceeds for each trade.

Who is the broker handling the proposed sale?

The broker named is Raymond James & Associates located at 880 Carillon Parkway, St. Petersburg, FL.

Does the filer attest to possession of material non-public information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.