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Serve Robotics (SERV) CEO sells shares to cover RSU tax obligations

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Serve Robotics Inc. Chief Executive Officer Ali Kashani reported small open-market sales of company common stock that were used to cover taxes on recent equity vesting. On May 6 and 7, 2026, he disposed of a total of 26,397 shares at prices around $9.26–$9.29 per share, according to the Form 4 data. A footnote explains the shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units, indicating a tax-driven, rather than discretionary, transaction. After these sales, Kashani continued to hold about 3.29 million shares directly, plus 16,070 shares indirectly through his spouse.

Positive

  • None.

Negative

  • None.
Insider Kashani Ali
Role Chief Executive Officer
Sold 26,397 shs ($245K)
Type Security Shares Price Value
Sale Common Stock 14,644 $9.26 $136K
Sale Common Stock 11,753 $9.29 $109K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,293,976 shares (Direct, null); Common Stock — 16,070 shares (Indirect, By Spouse)
Footnotes (1)
  1. [object Object]
Shares sold May 7, 2026 14,644 shares at $9.26 Open-market sale of common stock on May 7, 2026
Shares sold May 6, 2026 11,753 shares at $9.29 Open-market sale of common stock on May 6, 2026
Total shares sold 26,397 shares Net common shares sold across reported transactions
Direct holdings after May 7 sale 3,293,976 shares Direct Serve Robotics common stock held by CEO after transaction
Indirect spouse holdings 16,070 shares Common stock held indirectly, classified as By Spouse
Average sale price range $9.26–$9.29 per share Prices for the May 6–7, 2026 common stock sales
tax withholding obligations financial
"shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition"
restricted stock unit financial
"pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person"
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.
RSUs financial
"settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
indirect financial
"transaction_type":"holding" ... "ownership_type":"indirect""
By Spouse financial
""direct_or_indirect":"I","nature_of_ownership":"By Spouse""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kashani Ali
(Last)(First)(Middle)
C/O SERVE ROBOTICS INC.
730 BROADWAY
(Street)
REDWOOD CITY CALIFORNIA 94063
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026S11,753(1)D$9.293,308,620D
Common Stock05/07/2026S14,644(1)D$9.263,293,976D
Common Stock16,070IBy Spouse
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.
Remarks:
/s/ Jongmin Char, as attorney-in-fact for Ali Kashani05/08/2026
** Signature of Reporting PersonDate
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 transactions did Serve Robotics (SERV) report for Ali Kashani?

Serve Robotics CEO Ali Kashani reported selling 26,397 common shares in two transactions. These occurred on May 6 and May 7, 2026, at prices near $9.26–$9.29 per share, according to the Form 4 filing’s non-derivative transaction entries.

Why did Serve Robotics CEO Ali Kashani sell SERV shares in this Form 4?

The filing states the shares were sold to satisfy tax withholding obligations from vested RSUs. A footnote explains the sales related to settlement of restricted stock units, indicating they were primarily tax-driven rather than discretionary portfolio trades in Serve Robotics stock.

How many Serve Robotics shares did Ali Kashani sell and at what prices?

Ali Kashani sold 26,397 Serve Robotics common shares in total. He sold 11,753 shares at $9.29 per share on May 6, 2026, and 14,644 shares at $9.26 per share on May 7, 2026, as reported in the Form 4.

How many Serve Robotics (SERV) shares does Ali Kashani hold after these transactions?

After the May 7, 2026 sale, the Form 4 shows Ali Kashani holding 3,293,976 Serve Robotics common shares directly. It also reports an additional 16,070 common shares held indirectly, classified as owned "By Spouse" as of May 6, 2026.

Are the Serve Robotics CEO’s reported sales considered routine tax withholding?

The filing’s footnote describes the sales as made to meet tax withholding obligations on vested RSUs. That language indicates the dispositions were connected to equity compensation settlement, which is typically treated as routine tax-related activity rather than a discretionary stock sale decision.

Does the Serve Robotics Form 4 show any remaining derivative or option positions?

The derivative section in the provided data is empty, and derivativeSummary shows zero derivative transactions. This means the reported activity involves only common stock, with no options or other derivative securities included in this particular Form 4 filing excerpt.