[144] Serve Robotics Inc. SEC Filing

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 144 filing reporting proposed sales of common stock. The filer notifies an intent to sell 10,216 common shares through Raymond James & Associates on NASDAQ with an aggregate market value of $100,323.16 and reports approximately 59,880,000 shares outstanding. The securities listed were acquired mainly as RSU shares on specific dates in 2024 and 2025 (amounts: 2,510; 3,709; 3,788; 209) and the filer indicates cash as the nature of payment on the listed sale date of 08/25/2025. The filing also discloses multiple common-stock sales by the same person during the past three months with dates and gross proceeds provided. The filer certifies no undisclosed material adverse information.

Positive

• Compliance disclosure filed under Rule 144 with acquisition dates, broker, sale date, and proceeds, meeting regulatory requirements
• Acquisitions were RSU grants (explicitly stated), clarifying the source of the securities offered for sale

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice; size is immaterial relative to total shares outstanding.

The Form 144 notifies the market of a proposed sale of 10,216 common shares via Raymond James with an aggregate value of $100,323.16. Compared with the reported 59,880,000 shares outstanding, the proposed sale represents a very small fraction of outstanding stock. The shares being sold were acquired largely as RSU grants on dates in 2024 and 2025 and payment is noted as cash on the sale date. The filing also lists multiple recent open-market sales by the same individual, with detailed quantities and gross proceeds. This is a disclosure and compliance filing under Rule 144 rather than a change in company fundamentals.

Corporate Governance Specialist

TL;DR: Disclosure meets Rule 144 procedural requirements; repeated sales are noted but not flagged as material.

The notice includes the required acquisition details (RSU origin and dates), broker identification, sale date, and recent disposal history for the reporting person. The filer affirms no undisclosed material adverse information. While the filing shows frequent sales over recent months, the aggregate sizes disclosed here are small relative to total outstanding shares, indicating routine executive/insider monetization rather than a governance red flag based on the information provided.

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	10216	100323.16	59880000	08/25/2025	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	05/29/2025	RSU Shares	Issuer			2510	08/25/2025	Cash
Common	06/29/2025	RSU Shares	Issuer			3709	08/25/2025	Cash
Common	07/29/2024	RSU Shares	Issuer			3788	08/25/2025	Cash
Common	08/01/2025	RSU Shares	Issuer			209	08/25/2025	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

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) disclose in this Form 144?

The filer proposes to sell 10,216 common shares through Raymond James on NASDAQ with an aggregate market value of $100,323.16 and discloses recent sales and acquisition details.

How many shares outstanding does the filing report for SERV?

The filing reports 59,880,000 shares outstanding.

What was the nature and dates of acquisition for the securities to be sold?

The securities were acquired as RSU shares on 05/29/2025, 06/29/2025, 07/29/2024, and 08/01/2025 with respective amounts 2,510; 3,709; 3,788; and 209.

Does the filing list recent sales by the reporting person?

Yes; it lists multiple common-stock sales between 05/02/2025 and 08/18/2025 with quantities and gross proceeds for each transaction.

What broker is handling the proposed sale?

The proposed sale is to be executed by Raymond James & Associates at their St. Petersburg, FL address.