[Form 4] Serve Robotics Inc. /DE/ Insider Trading Activity

Rhea-AI Filing Summary

David Michael Goldberg, a director of Serve Robotics Inc. (SERV), reported a sale of common stock on 09/24/2025. The Form 4 shows 5,000 shares were sold at a weighted average price of $13.58 per share (sales ranged $13.58–$13.59). After the transaction, the reporting person beneficially owned 45,725 shares. The filing was signed by an attorney-in-fact on behalf of Mr. Goldberg.

This disclosure records a routine insider disposition and provides the exact post-transaction share count and price range; no options, derivatives, or other transactions are reported on this Form 4.

Positive

• Timely and detailed disclosure of the sale including weighted average price and price range
• Post-transaction ownership provided (45,725 shares), aiding transparency

Negative

• Insider sale of 5,000 shares by a director, which may be viewed unfavorably by some investors

Insights

Securities Analyst

TL;DR: Director sold a small block of shares; transaction disclosed promptly with price range and resulting holdings.

The Form 4 documents a 5,000-share sale by Director David Michael Goldberg at a weighted average price of $13.58 on 09/24/2025. The filing provides transparency on the execution price range ($13.58–$13.59) and the post-sale beneficial ownership of 45,725 shares. As reported, there are no derivative transactions or additional compensatory grants disclosed. For investors, this is a routine insider sale rather than an operational disclosure; it conveys limited information about company fundamentals but is relevant for ownership tracking and insider activity monitoring.

Corporate Governance Expert

TL;DR: Compliance appears in order: timely Form 4, clear pricing footnote, and attorney-in-fact signature.

The filing contains required details: reporting person identity, relationship to the issuer (Director), transaction date, transaction code (S for sale), number of shares sold, weighted average price with explanatory footnote, and resulting ownership. The attorney-in-fact signature is included, which is acceptable when properly authorized. There are no indications of undisclosed related-party transactions or derivative activity on this filing. The disclosure meets standard Section 16 reporting requirements.

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

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

1. Name and Address of Reporting Person^*

Goldberg David Michael

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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	09/24/2025		S		5,000	D	$13.58(1)	45,725	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.58 to $13.59, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for David Michael Goldberg	09/24/2025
	** 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.

FAQ

What did David Michael Goldberg report on Form 4 for SERV?

He reported a sale of 5,000 shares of Serve Robotics common stock on 09/24/2025 at a weighted average price of $13.58 per share, with a reported price range of $13.58–$13.59.

How many SERV shares does the reporting person own after the sale?

45,725 shares beneficially owned following the reported transaction.

Was the Form 4 signed directly by the reporting person?

The form was signed by an attorney-in-fact (Jongmin Char) on behalf of David Michael Goldberg on 09/24/2025.

Did the filing disclose any derivative or option transactions for SERV?

No derivative securities, options, or convertible transactions are reported on this Form 4.

What transaction code was used on the Form 4?

Transaction code S (sale) is listed for the 5,000-share disposition.