Director Lily Sarafan granted 20,000 RSUs at Serve Robotics (NASDAQ: SERV)

Q: What insider transaction did Serve Robotics (SERV) report for Lily Sarafan?

Serve Robotics reported that director Lily Sarafan acquired 20,000 shares of Common Stock through a restricted stock unit award. This was a compensation-related grant, not an open-market purchase, and increased her directly held position to 78,402 shares.

Q: Is the recent Serve Robotics (SERV) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant , not a market purchase. Code “A” indicates an award or other acquisition, and the 20,000 shares are represented by restricted stock units that were granted as part of director compensation.

Q: What does transaction code “A” mean in the Serve Robotics (SERV) Form 4?

Transaction code “A” on the Form 4 means a grant, award, or other acquisition of securities. In this case, it represents 20,000 restricted stock units of Serve Robotics Common Stock granted to director Lily Sarafan as part of her compensation.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sarafan Lily reported acquisition or exercise transactions in this Form 4 filing.

Serve Robotics Inc. director Lily Sarafan received a grant of 20,000 shares of Common Stock in the form of restricted stock units. The award vests in full on the earlier of the company’s next annual shareholder meeting or June 17, 2027. After this grant, she directly holds 78,402 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sarafan Lily

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,000	$0.00	--

Holdings After Transaction: Common Stock — 78,402 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 20,000 shares Post-grant holdings: 78,402 shares Vesting deadline: June 17, 2027

3 metrics

RSU grant size 20,000 shares Restricted stock unit award to director Lily Sarafan

Post-grant holdings 78,402 shares Total Common Stock held directly after the transaction

Vesting deadline June 17, 2027 RSUs vest on earlier of next annual meeting or this date

Key Terms

restricted stock unit, annual shareholder meeting, Common Stock

3 terms

restricted stock unit financial

"Represents shares of Common Stock underlying a restricted stock unit award ("RSU")."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

annual shareholder meeting financial

"The RSU will vest in full on the earlier to occur of (i) the Issuer's next annual shareholder meeting"

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

Common Stock financial

"Represents shares of Common Stock underlying a restricted stock unit award ("RSU")."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/18/2026 - 05:37 PM Accepted by SEC EDGAR 06/18/2026 - 05:36 PM

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).

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^*

Sarafan Lily

(Last)

(First)

(Middle)

C/O SERVE ROBOTICS INC.

1360 BAYPORT AVENUE

(Street)

SAN CARLOS

CALIFORNIA

94070

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2026		A		20,000⁽¹⁾	A	$0	78,402	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of Common Stock underlying a restricted stock unit award ("RSU"). The RSU will vest in full on the earlier to occur of (i) the Issuer's next annual shareholder meeting or (ii) June 17, 2027.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Lily Sarafan	06/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Serve Robotics (SERV) report for Lily Sarafan?

Serve Robotics reported that director Lily Sarafan acquired 20,000 shares of Common Stock through a restricted stock unit award. This was a compensation-related grant, not an open-market purchase, and increased her directly held position to 78,402 shares.

Is the recent Serve Robotics (SERV) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant, not a market purchase. Code “A” indicates an award or other acquisition, and the 20,000 shares are represented by restricted stock units that were granted as part of director compensation.

When will Lily Sarafan’s new Serve Robotics (SERV) RSUs vest?

The 20,000 restricted stock units will vest in full on the earlier of Serve Robotics’ next annual shareholder meeting or June 17, 2027. This means vesting timing depends on the date of the upcoming annual meeting.

How many Serve Robotics (SERV) shares does Lily Sarafan hold after this Form 4?

Following the 20,000-share RSU grant, Lily Sarafan directly holds 78,402 shares of Serve Robotics Common Stock. This figure reflects her position after the reported award and helps indicate the scale of the grant relative to her holdings.

What does transaction code “A” mean in the Serve Robotics (SERV) Form 4?

Transaction code “A” on the Form 4 means a grant, award, or other acquisition of securities. In this case, it represents 20,000 restricted stock units of Serve Robotics Common Stock granted to director Lily Sarafan as part of her compensation.