SERV insider exercises 25,000 options at $0.4854, then sells

Rhea-AI Filing Summary

Serve Robotics (SERV) insider transaction: the company’s Chief Hardware & Mftg Officer filed a Form 4 for activity on 10/15/2025. The reporting person exercised stock options for 25,000 shares at a price of $0.4854 per share and then sold 25,000 shares of common stock at $17.99 per share, both under a Rule 10b5-1 sales plan adopted on June 2, 2025.

Following these transactions, the reporting person directly beneficially owned 250,539 shares of SERV common stock. The option reported carries an expiration date of 12/22/2031 and follows a vesting schedule that began on November 1, 2022, with monthly vesting thereafter.

Insider Trade Summary

Exercise and Sale: 25,000 shares ($438K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Abraham Euan

Role Chief Hardware & Mftg Offcr

Sold 25,000 shs ($450K)

Approx. gross sale proceeds $450K

Approx. exercise cost $12K

Approx. pre-tax spread $438K

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	25,000	$0.00	$0.00
Exercise	Common Stock	25,000	$0.4854	$12K
Sale	Common Stock	25,000	$17.99	$450K

Holdings After Transaction: Stock Option (right to buy) — 50,875 shares (Direct); Common Stock — 250,539 shares (Direct)

Footnotes (3)

1. F1. Exercise of options and sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on June 2, 2025.
2. F2. The stock option vested as to 1/4 of the total number of shares on November 1, 2022, and an additional 1/48 of the total number of shares vest on each monthly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
3. F3. Received in connection with the Issuer's merger (the "Merger") with Serve Robotics Inc. ("Legacy Serve") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of July 31, 2023, by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve, in exchange for options to acquire 250,000 shares of Legacy Serve common stock for $0.39 per share. The Merger closed on July 31, 2023 (the "Merger Closing Date").

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/17/2025 - 04:38 PM Learn about SEC filing dates

FAQ

What did SERV’s insider report on the latest Form 4?

They exercised 25,000 options at $0.4854 and sold 25,000 shares at $17.99 on 10/15/2025.

Was the SERV insider sale under a Rule 10b5-1 plan?

Yes. The transactions were made pursuant to a Rule 10b5-1 plan adopted on June 2, 2025.

How many SERV shares does the insider own after the transactions?

The reporting person directly beneficially owns 250,539 shares after the reported transactions.

What is the insider’s role at Serve Robotics (SERV)?

They are an officer: Chief Hardware & Mftg Officer.

What are the key terms of the reported stock option?

Exercise price $0.4854, expiration 12/22/2031, with initial vesting on 11/01/2022 and monthly vesting thereafter.

What were the transaction codes on the Form 4?

Code M for option exercise and code S for sale.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Abraham Euan

(Last) (First) (Middle)

C/O SERVE ROBOTICS INC.

730 BROADWAY

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Serve Robotics Inc. /DE/ [ SERV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Hardware & Mftg Offcr

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2025		M(1)		25,000	A	$0.4854	275,539	D
Common Stock	10/15/2025		S(1)		25,000	D	$17.99	250,539	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.4854	10/15/2025		M			25,000	(2)	12/22/2031	Common Stock	25,000	(3)	50,875	D

Explanation of Responses:

1. Exercise of options and sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on June 2, 2025.

2. The stock option vested as to 1/4 of the total number of shares on November 1, 2022, and an additional 1/48 of the total number of shares vest on each monthly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.

3. Received in connection with the Issuer's merger (the "Merger") with Serve Robotics Inc. ("Legacy Serve") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of July 31, 2023, by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve, in exchange for options to acquire 250,000 shares of Legacy Serve common stock for $0.39 per share. The Merger closed on July 31, 2023 (the "Merger Closing Date").

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Euan Abraham	10/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.