Serve Robotics insider files Form 144 to sell RSU shares on 09/02/2025

Rhea-AI Filing Summary

Serve Robotics Inc. insider Brian Read filed a Form 144 to notify a proposed sale of 1,330 common shares to be sold through Raymond James on 09/02/2025 with an aggregate market value of $13,539.40. The filing reports the shares were acquired by RSU vesting on 08/29/2025 and that payment will be in cash. The issuer has 61,580,000 shares outstanding per the form. The filing also discloses multiple recent open-market sales by Brian Read between 05/02/2025 and 08/25/2025, including transactions ranging from 1,000 to 29,100 shares on various dates.

Positive

• Form filed as LIVE showing regulatory compliance and transparency
• Transaction sourced from RSU vesting, indicating sale of recently acquired compensation shares rather than new issuance
• Broker details provided (Raymond James), supporting orderly market execution

Negative

• Insider sales continue with multiple recent transactions listed, which may be viewed unfavorably by some investors
• Filing lacks pricing context or intent (no average sale price or trading plan date disclosed) limiting interpretability

Insights

Corporate Governance Expert

TL;DR Routine insider disclosure showing RSU vesting followed by planned sale; no new governance events disclosed.

The Form 144 documents a standard Rule 144 notice for an insider disposing of recently vested equity. The filer affirms no undisclosed material adverse information and provides broker and transaction details, which supports regulatory compliance and transparency. There are numerous prior open-market sales listed, indicating ongoing monetization of equity awards rather than a one-time large divestiture. The filing does not disclose any changes to executive roles, board composition, or corporate policies.

Securities Analyst

TL;DR Small planned sale relative to outstanding shares; activity is visible but not, on its face, materially dilutive.

The notice shows a proposed sale of 1,330 shares valued at $13,539.40 against an issuer share count of 61.58 million, implying the transaction is immaterial to capitalization. The shares originate from RSU vesting on 08/29/2025 and will be sold through a named broker, which is standard practice. Frequent prior sales by the same insider are disclosed, highlighting ongoing liquidity events but without pricing averages or company financials this form alone does not indicate any change in the company’s operating or financial profile.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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	1330	13539.40	61580000	09/02/2025	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	08/29/2025	RSU Vesting	Issuer			1330	09/02/2025	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

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 the Form 144 filed by Serve Robotics (SERV) disclose?

The form discloses a proposed sale of 1,330 common shares by Brian Read, to be executed on 09/02/2025 through Raymond James, valued at $13,539.40.

Why were the shares being sold according to the Form 144?

The filing states the shares were acquired by RSU vesting on 08/29/2025 and the sale consideration will be in cash.

How many shares outstanding does Serve Robotics report in the filing?

The Form 144 lists 61,580,000 shares outstanding.

Has the filer sold other SERV shares recently?

Yes. The filing lists multiple prior sales by Brian Read between 05/02/2025 and 08/25/2025, with individual sale amounts shown for each date.

Does the filing indicate any undisclosed material information about Serve Robotics?

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