Serve Robotics (SERV) files Form 144 to sell 20,458 shares via Raymond James

Rhea-AI Filing Summary

Serve Robotics, Inc. (SERV) submitted a Form 144 notice reporting a proposed sale of 20,458 common shares through Raymond James & Associates on 10/07/2025, with an aggregate market value of $307,320.08 and 61,580,000 shares outstanding. The filing shows the shares were acquired as an RSU grant vest on 10/06/2025, with 25,000 shares listed as acquired and payment indicated as cash. The filer, identified by name in prior sale rows, sold 5,000 shares on 08/25/2025 for $50,051.00 and 2,015 shares on 08/05/2025 for $21,527.45. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Disclosed RSU vesting on 10/06/2025 clarifies the source of shares
• Form 144 filed for the sale provides regulatory transparency about insider liquidity

Negative

• Insider sales totaling 20,458 shares scheduled may increase near-term float
• No stated 10b5-1 plan date in the notice leaves uncertainty about trading-plan protections

Insights

Equity Capital Markets Analyst

Insider sale via Form 144 signals routine RSU liquidity, not necessarily negative.

The filing documents a proposed sale of 20,458 shares valued at $307,320.08, executed through Raymond James. These shares were listed as vested RSUs on 10/06/2025, indicating the transaction is tied to equity compensation rather than an open-market transfer of long-held stock.

Key dependencies include lock-up or trading-plan constraints and the seller's remaining holdings; recent smaller sales on 08/25/2025 and 08/05/2025 show prior liquidity events totaling 7,015 shares. Watch trading completion around 10/07/2025 for potential short-term supply impact.

Corporate Governance Specialist

Form 144 provides compliance transparency but offers limited firm-level insight.

The notice confirms the signature representation that the seller does not possess undisclosed material information and lists acquisition as an employer RSU vest on 10/06/2025. That timing suggests internal compensation cycles rather than event-driven disposals.

Monitor whether the seller has an adopted 10b5-1 plan or additional scheduled sales; absence of a stated plan date means no filing confirmation of a pre-established trading plan in this notice.

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

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Accepted by SEC EDGAR 10/07/2025 - 04:50 PM Learn about SEC filing dates

FAQ

What did Serve Robotics (SERV) report on Form 144?

The filing reports a proposed sale of 20,458 common shares with aggregate market value $307,320.08 to be sold on 10/07/2025 via Raymond James.

How were the shares being sold acquired?

The shares were acquired as an RSU grant vest on 10/06/2025, showing 25,000 shares listed as acquired and payment as cash.

Has the filer sold shares recently?

Yes. The filing discloses sales of 5,000 shares on 08/25/2025 for $50,051.00 and 2,015 shares on 08/05/2025 for $21,527.45.

Does the Form 144 state a 10b5-1 trading plan date?

No plan adoption date is provided in this notice, so no 10b5-1 plan is confirmed by this filing.

What market and broker are involved in the proposed sale?

The sale is scheduled on NASDAQ through Raymond James & Associates, Inc.

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	20458	307320.08	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			25000	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
EVAN DUNN 1260 SE Cedar Falls Way North Bend WA 98045	COMMON	08/25/2025	5000	50051.00
EVAN DUNN 1260 SE CEDAR FALLS WAY NORTH BEND WA 98045	COMMON	08/05/2025	2015	21527.45

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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)