[144] Serve Robotics Inc. SEC Filing

Rhea-AI Filing Summary

Serve Robotics, Inc. (SERV) notice reports a proposed sale of 164,735 shares of common stock to be executed through Raymond James on 09/08/2025 with an aggregate market value of $1,701,729.00. The shares to be sold were acquired on 09/05/2025 through RSU vesting (366,630 shares acquired) and payment/settlement is listed as cash on 09/08/2025. The filing discloses two prior open-market sales by the same person in the past three months: 7,467 shares sold on 08/05/2025 for $80,200.00 and 1,700 shares sold on 05/07/2025 for $10,459.00. The filer represents there is no undisclosed material adverse information.

Positive

• Clear compliance with Rule 144: broker, quantities, dates, and prior sales are disclosed
• Proceeds and prior transactions provided, improving transparency about recent insider sales

Negative

• Insider sale of 164,735 shares may be viewed negatively by some investors due to insider liquidity

Insights

Securities Analyst

TL;DR Routine Rule 144 sale by an insider of recently vested RSUs, disclosed for compliance and liquidity.

The filing shows a planned sale of 164,735 common shares through Raymond James on 09/08/2025, originating from RSU vesting on 09/05/2025. The disclosure includes recent small open-market sales (7,467 and 1,700 shares) and the insider's attestation that no material nonpublic information exists. This is a standard Form 144 notice documenting an insider's intended disposition under Rule 144; it provides clear transaction dates, quantities, broker details, and gross proceeds for prior sales.

Corporate Governance Expert

TL;DR Proper Rule 144 disclosure executed; the sale appears to be of vested equity rather than a forced transfer.

The notice documents RSU vesting as the acquisition source and identifies the broker and planned sale date, meeting disclosure expectations for insider transactions. The signer affirms absence of undisclosed material adverse information, aligning with compliance norms. The filing does not provide any governance concerns beyond the routine nature of an executive or insider liquidity event.

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	164735	1701729.00	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	09/05/2025	RSU Vesting	Issuer			366630	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
Ali Haghighat Kashani 13630 Roble Alto Ct Los Altos Hills CA 94022	Common	08/05/2025	7467	80200.00
Ali Haghighat Kashani 13630 Roble Alto Ct Los Altos Hills CA 94022	Common	05/07/2025	1700	10459.00

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

How many SERV shares are proposed for sale under this Form 144?

The filing states 164,735 shares of common stock are proposed to be sold.

When were the shares to be sold acquired and by what means?

The shares were acquired on 09/05/2025 through RSU vesting (366,630 shares listed as acquired).

Which broker is handling the proposed sale for SERV shares?

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

What prior insider sales in the last three months are disclosed?

Two prior sales are disclosed: 7,467 shares on 08/05/2025 for $80,200.00 and 1,700 shares on 05/07/2025 for $10,459.00.

When is the approximate date of the proposed sale?

The approximate sale date is listed as 09/08/2025.

Does the filer assert there is any undisclosed material information?

By signing the notice the filer represents they do not know any material adverse information that has not been publicly disclosed.