SERV Form 144: Insider to sell 25,000 shares after option exercise

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 144 notice reports an intended sale of 25,000 common shares through Raymond James on 09/19/2025 with an aggregate market value of $374,750. The filing states the shares were acquired the same day via stock option exercise and paid in cash. It lists total shares outstanding of 61,580,000. The filer, identified by name in recent sales, sold 23,166 shares across three transactions in the prior three months generating $260,628.12 in gross proceeds. The notice includes the filer’s attestation that they possess no undisclosed material nonpublic information.

Positive

• Full disclosure of transaction details: broker, sale date, number of shares, aggregate market value, and acquisition method are provided
• Attestation of no material nonpublic information is included, satisfying a key compliance element

Negative

• Insider selling activity: 23,166 shares sold in the prior three months, which may raise questions for some investors
• Filing lacks context on reasons for sale or any issuer operational/financial details

Insights

Financial Analyst

TL;DR: Insider intends to sell 25,000 shares after exercising options; recent insider selling totals 23,166 shares.

The filing documents a routine Section 144 sale: 25,000 shares to be sold on 09/19/2025 via Raymond James with stated aggregate market value of $374,750. The shares were acquired the same day by option exercise and paid in cash, indicating a liquidity event by the insider. The filing also discloses 23,166 shares sold in the prior three months for $260,628.12 in gross proceeds. These transactions are explicit and do not provide operational or financial performance detail about the issuer.

Corporate Governance Expert

TL;DR: The notice is a standard compliance disclosure under Rule 144; signer affirms no undisclosed material information.

This Form 144 appears to satisfy public-disclosure requirements for a proposed sale by an insider who exercised options. It includes the broker, timing, and acquisition method, and the filer makes the standard attestation regarding material nonpublic information. The filing provides transparency on insider liquidity but does not indicate governance changes or material corporate events.

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	25000	374750.00	61580000	09/19/2025	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	09/19/2025	Stock Option Exercise	Issuer			25000	09/19/2025	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	133606.92
Euan Abraham 2223 Cawdor Ct Lansing MI 48917	Common	09/18/2025	8433	104358.00

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)

FAQ

What does Serve Robotics (SERV) report on this Form 144?

The Form 144 reports the proposed sale of 25,000 common shares via Raymond James on 09/19/2025 with aggregate market value of $374,750.

How were the 25,000 shares acquired?

The filing states the shares were acquired on 09/19/2025 by a stock option exercise and paid for in cash.

How many shares has the filer sold recently?

The filer sold a total of 23,166 shares in three transactions during the prior three months, generating $260,628.12 in gross proceeds.

How many shares of Serve Robotics are outstanding per the filing?

The filing lists 61,580,000 shares outstanding.

Does the filer state they have undisclosed material information?

No. The filer signs an attestation representing they do not know any material adverse information not publicly disclosed.