SERV Form 144: Insider Sale of 10,195 Shares Worth $100,114.90

Form 144 notice for Serve Robotics, Inc. (SERV) reports a proposed sale of 10,195 common shares through Raymond James & Associates with an aggregate market value of $100,114.90, and lists the company's total shares outstanding as 59,880,000.

Rhea-AI Filing Summary

Form 144 notice for Serve Robotics, Inc. (SERV) reports a proposed sale of 10,195 common shares through Raymond James & Associates with an aggregate market value of $100,114.90, and lists the company's total shares outstanding as 59,880,000. The securities to be sold were acquired through RSU grants that vested on 04/29/2025, 05/29/2025, and 06/29/2025, totaling 10,195 shares, and the planned sale date is 08/18/2025 for cash. The filing also discloses multiple common-share sales by the same person, Brian Read, between 05/02/2025 and 08/05/2025, totaling several transactions with listed gross proceeds. The filer attests there is no undisclosed material adverse information.

Positive

• Full disclosure of broker, acquisition dates, vesting nature (RSU grant vest), planned sale date, and aggregate market value
• Detailed recent sales history by the same person is provided with dates and gross proceeds, supporting transparency

Negative

• Insider selling activity is reported (proposed sale of 10,195 shares totaling $100,114.90 and multiple recent dispositions), which investors may view negatively
• No issuer operational or financial context is provided in the filing to explain the sales beyond RSU vesting

Insights

Securities Analyst

TL;DR: Insider RSU vesting followed by planned sale; disclosure is routine and aimed at Rule 144 compliance.

The filing shows the sale is tied to RSU grants that vested in April–June 2025 and a planned brokered sale of 10,195 shares valued at $100,114.90 on 08/18/2025. Multiple recent sales by the same individual are listed with gross proceeds by date, indicating ongoing disposition activity. The disclosure satisfies Rule 144 requirements by documenting acquisition dates, nature of acquisition, payment method, broker, and recent disposition history. From a compliance perspective, the form contains the necessary elements required for a proposed sale under Rule 144.

Corporate Governance Expert

TL;DR: Filing transparently records insider sales and RSU vesting; procedural, not a corporate-action disclosure.

The document identifies the securities as common stock, names the broker, and provides acquisition and intended sale details tied to RSU vesting. It includes a signature attestation regarding material undisclosed information, consistent with Form 144 standards. There is no information here about company operations, governance changes, or material events beyond the insider sales themselves.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Serve Robotics (SERV) Form 144 disclose about proposed insider sales?

The filing discloses a proposed brokered sale of 10,195 common shares through Raymond James with an aggregate market value of $100,114.90, planned for 08/18/2025.

How were the securities being sold acquired according to the Form 144?

The securities were acquired via RSU grants that vested on 04/29/2025, 05/29/2025, and 06/29/2025, and the payment method for the proposed sale is listed as cash.

Who is the seller identified in the recent sales listed on the filing?

The recent sales are listed under the name Brian Read with multiple transactions from 05/02/2025 to 08/05/2025, showing gross proceeds per transaction.

What broker is handling the proposed sale in the Form 144?

The broker named is Raymond James & Associates, located at 880 Carillon Parkway, St. Petersburg, FL 33716.

Does the Form 144 state whether any undisclosed material information exists?

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

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

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Accepted by SEC EDGAR 08/18/2025 - 11:43 AM Learn about SEC filing dates

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	0002021854
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Serve Robotics Inc. /DE/
SEC File Number	001-42023
Address of Issuer	730 BROADWAY REDWOOD CITY CALIFORNIA 94063
Phone	818-860-1352
Name of Person for Whose Account the Securities are To Be Sold	Read Brian
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	Officer

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	10195	100114.90	59880000	08/18/2025	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	04/29/2025	RSU Grant Vest	Issuer			6408	08/18/2025	Cash
Common	05/29/2025	RSU Grant Vest	Issuer			3705	08/18/2025	Cash
Common	06/29/2025	RSU Grant Vest	Issuer			82	08/18/2025	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 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	08/05/2025	2592	27583.55
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	07/30/2025	1212	12673.52
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	07/01/2025	1291	13985.27
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	06/09/2025	2000	25180.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/30/2025	1295	14977.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/27/2025	3000	36450.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/22/2025	1000	11520.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/13/2025	8900	79655.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/09/2025	7000	56200.00
Brian Read 712 Kingston Lacy Blvd Pflugerville TX 78660	Common	05/02/2025	29100	205440.18

144: Remarks and Signature

Remarks
Date of Notice	08/18/2025
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	Maressia Rooks-Bailey, as duly authorized representative of Raymond James & Associates, Inc., as attorney-in-fact for Brian Read
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)