[144] Serve Robotics Inc. SEC Filing

Rhea-AI Filing Summary

Serve Robotics (SERV) filed a Form 144 reporting a proposed sale of 4,319 common shares through Raymond James on 09/11/2025 with an aggregate market value of $59,808.44. The shares were acquired on 08/01/2025 by RSU vesting and the planned payment method is cash. The filing also discloses multiple prior sales by Brian Read over the past three months, listing sale dates, share counts and gross proceeds, most recently sales on 09/08/2025 and 09/02/2025. The filing includes a representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Positive

• Disclosure compliance: Form 144 clearly states acquisition method (RSU vesting), broker, dates and aggregate value, supporting regulatory transparency.
• Brokered sale: The planned sale is through Raymond James, indicating execution via a regulated broker-dealer.

Negative

• Insider selling activity: Multiple share dispositions by the same person are reported over the past three months, which may be viewed negatively by some investors.
• No trading plan disclosed: The filing does not specify an adopted 10b5-1 trading plan or its adoption date in the remarks.

Insights

Securities Analyst

TL;DR: Insider sold RSU shares pursuant to vesting; routine disclosure with limited market impact based on quantities reported.

The Form 144 documents a planned sale of 4,319 common shares acquired via RSU vesting on 08/01/2025 and to be sold on 09/11/2025 through Raymond James. The filing also itemizes multiple prior sales by the same person over the preceding months with detailed gross proceeds. From a trading-disclosure perspective this is a standard insider disposition notice required under Rule 144. The disclosure provides transparency on timing, acquisition type, broker, and cash settlement, enabling investors to track insider liquidity activity.

Corporate Governance Expert

TL;DR: Filing shows compliant insider reporting and repeated dispositions; governance procedures appear followed in disclosed transactions.

The notice confirms the seller represents no undisclosed material adverse information and lists RSU vesting as the acquisition event. Sales are routed through a registered broker and documented with dates and proceeds for prior transactions, which aligns with standard insider reporting practices. The filing does not provide additional context about any trading plans or company response, limiting further governance conclusions.

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	4319	59808.44	61580000	09/11/2025	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			4319	09/11/2025	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	09/08/2025	7175	74883.00
Brian Read 730 Broadway St Redwood City CA 94063	Common	09/02/2025	1330	13539.40
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	08/18/2025	10195	100114.90
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

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 report?

The filing reports a proposed sale of 4,319 common shares acquired by RSU vesting on 08/01/2025, to be sold through Raymond James on 09/11/2025 for an aggregate market value of $59,808.44.

Who is the seller named in the Form 144 for SERV?

The seller identified in the recent sales table is Brian Read, with multiple documented sales in the past three months.

What prior sales are disclosed in the filing?

The filing lists multiple prior sales by Brian Read between 05/02/2025 and 09/08/2025, including a sale of 29,100 shares on 05/02/2025 with gross proceeds of $205,440.18.

How were the shares acquired that are being sold?

The 4,319 shares to be sold were acquired through RSU vesting on 08/01/2025 as stated in the filing.

What payment method is indicated for the proposed sale?

The filing indicates cash as the nature of payment for the sale planned on 09/11/2025.