Serve Robotics Form 4: CFO Disposes 3,941 Shares at ~$12.70

Rhea-AI Filing Summary

Serve Robotics insider sale disclosure: The company's Chief Financial Officer, Brian Read, reported a sale of 3,941 shares of Serve Robotics Inc. (SERV) on 09/18/2025 at a weighted average price of $12.70, with transaction prices ranging from $12.70 to $12.71. After the reported disposition, the filing shows Mr. Read beneficially owns 356,498 shares, held directly. The Form 4 was filed by one reporting person and includes a notation that more granular per-trade pricing data is available upon request.

Positive

• Full disclosure of weighted-average sale price and a footnote offering per-trade details upon request
• Retention of substantial direct ownership after the sale: 356,498 shares remain beneficially owned

Negative

• Insider sale reported: CFO disposed of 3,941 shares on 09/18/2025 at a weighted average price of $12.70

Insights

Financial Analyst

TL;DR: A routine insider sale by the CFO of 3,941 shares at about $12.70; ownership remains substantial at 356,498 shares.

The Form 4 shows a small, explicit disposition of common stock by the Chief Financial Officer on 09/18/2025. The report provides the weighted average price and a disclosure that the shares were sold in multiple transactions at $12.70–$12.71. No derivative transactions or other changes are reported. This filing documents insider liquidity but does not disclose any company operational or financial changes.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported sale; the CFO retains a meaningful direct stake.

The filing is a standard Section 16 Form 4 reporting a direct sale by an officer. It includes the required footnote on weighted-average pricing and a signed attorney-in-fact signature. The report confirms the reporting person remains an officer (CFO) and retains 356,498 shares after disposition, indicating continued alignment with shareholders. The filing does not show any related-party transfers, grants, or derivative activity.

Insider Trade Summary

Net Seller: 3,941 shares

Net Sell 1 txn

Insider Read Brian

Role Chief Financial Officer

Sold 3,941 shs ($50K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,941	$12.70	$50K

Holdings After Transaction: Common Stock — 356,498 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.70 to $12.71, 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/18/2025 - 04:10 PM Learn about SEC filing dates

FAQ

What transaction did Brian Read report on Form 4 for SERV?

The filing reports a sale of 3,941 shares of Serve Robotics (SERV) on 09/18/2025.

At what price were the SERV shares sold by the CFO?

The reported weighted average price was $12.70, with trades ranging from $12.70 to $12.71.

How many SERV shares does Brian Read beneficially own after the sale?

The Form 4 shows 356,498 shares beneficially owned following the reported transaction.

Was this Form 4 filed jointly or by one reporting person?

The form was filed by one reporting person — Brian Read.

What is Brian Read's role at Serve Robotics as indicated on the form?

The filing lists Brian Read as an Officer with the title Chief Financial Officer.

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).

1. Name and Address of Reporting Person^*

Read Brian

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		S		3,941	D	$12.7(1)	356,498	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 $12.70 to $12.71, 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 Brian Read	09/18/2025
	** 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.