[144] Serve Robotics Inc. SEC Filing

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) filing a Rule 144 notice to sell 7,175 common shares that were acquired through RSU vesting on 08/01/2025 (4,795 shares) and 09/05/2025 (2,380 shares). The broker listed is Raymond James & Associates and the aggregate market value of the proposed sale is $74,883 for 7,175 shares, with the company showing approximately 61,580,000 shares outstanding. The notice states the approximate sale date as 09/08/2025 on NASDAQ and affirms the seller is not aware of undisclosed material adverse information. The filing also reports numerous prior sales by the same person in recent months, including a large sale of 29,100 shares on 05/02/2025.

Positive

• Full compliance with Rule 144 disclosure requirements including acquisition dates, broker, and planned sale date
• Source of shares is RSU vesting (compensation-related), not an undisclosed external transaction

Negative

• Insider liquidity: multiple recent sales by the same person are disclosed, including a large 29,100-share sale on 05/02/2025
• Potential market impact: planned sale of 7,175 shares may add supply, though size is small relative to 61,580,000 shares outstanding

Insights

Financial Analyst

TL;DR: Routine insider Rule 144 sale of RSU-vested shares; disclosure is standard and not obviously company-moving.

The filing documents a planned sale of 7,175 common shares acquired via RSU vesting and lists recent historical sales by the same individual. This is a disclosure-driven filing required for compliance when restricted securities are offered for sale. There are no financial results, new contracts, or balance-sheet changes disclosed here; the transaction reflects compensation monetization rather than operating developments. For investors, the filing signals insider liquidity but not necessarily a change in company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; multiple recent sales merit monitoring but are routine.

The notice confirms the seller represented no undisclosed material adverse information and shows RSU vesting as the acquisition source. The broker, dates of acquisition and planned sale, and outstanding share count are all provided, meeting disclosure norms. Repeated sales by an insider in recent months are disclosed, which governance-focused investors may track for insider behavior, but the filing alone does not indicate governance breaches 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	7175	74883.00	61580000	09/08/2025	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			4795	09/08/2025	Cash
Common	09/05/2025	RSU Vesting	Issuer			2380	09/08/2025	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	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
Brian Read 730 Broadway St Redwood City CA 94063	Common	06/09/2025	2000	25180.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/30/2025	1295	14977.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/27/2025	3000	36450.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/22/2025	1000	11520.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/13/2025	8900	79655.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/09/2025	7000	56200.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	05/02/2025	29100	205440.18
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	08/25/2025	10216	100323.16
Brian Read 730 Broadway St Redwood City CA 94063	Common	09/02/2025	1330	13539.40

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) Form 144 disclose?

The Form 144 notifies intent to sell 7,175 common shares acquired via RSU vesting, with an aggregate market value of $74,883, through Raymond James on or about 09/08/2025.

How were the shares being sold acquired?

The shares were acquired through RSU vesting on 08/01/2025 (4,795 shares) and 09/05/2025 (2,380 shares).

Does the filing show prior insider sales for SERV?

Yes. The filing lists multiple sales by the same person in recent months, including 29,100 shares sold on 05/02/2025 and other sales through August 2025.

What exchange will the shares be sold on?

The planned sale is reported as occurring on NASDAQ.

How many SERV shares are outstanding according to the filing?

The filing reports approximately 61,580,000 shares outstanding.