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

Rhea-AI Filing Summary

Serve Robotics Inc. chief executive officer Ali Kashani reported an open-market sale of 13,500 shares of common stock at an average price of $9.72 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units. Following the transaction, Kashani directly holds 3,334,914 common shares, and an additional 16,070 shares are held indirectly by his spouse.

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).

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 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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		S		13,500(1)	D	$9.72	3,334,914	D
Common Stock								16,070	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Kashani	03/11/2026
	** 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).
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FAQ

What did SERV CEO Ali Kashani report in this Form 4 filing?

Ali Kashani reported selling 13,500 shares of Serve Robotics common stock at $9.72 per share. The shares were sold specifically to cover tax withholding obligations arising from the settlement of vested restricted stock units granted under a restricted stock unit agreement.

Was the SERV insider sale by Ali Kashani a discretionary stock sale?

The filing states the 13,500 shares were sold to satisfy tax withholding obligations. This indicates a tax-related disposition tied to RSU vesting, rather than a purely discretionary sale motivated by a change in Kashani’s view of Serve Robotics stock.

How many SERV shares does Ali Kashani hold after the reported transaction?

After the tax-related sale, Ali Kashani directly owns 3,334,914 shares of Serve Robotics common stock. The filing also notes an additional 16,070 shares held indirectly through his spouse, providing context for his overall equity exposure to the company.

What was the sale price for the SERV shares in this insider transaction?

The reported sale price for the 13,500 Serve Robotics shares was an average of $9.72 per share. This price applies to the shares sold to meet tax withholding obligations associated with the settlement of vested restricted stock units held by Ali Kashani.

How large is the SERV insider sale relative to Ali Kashani’s holdings?

The 13,500 shares sold for tax withholding are small relative to Kashani’s 3,334,914 directly held shares. This suggests the transaction primarily serves a tax compliance function rather than significantly changing his overall ownership position in Serve Robotics.

Does the SERV Form 4 mention any derivative or option exercises?

The filing describes shares sold to satisfy taxes from vested restricted stock units, but shows no separate derivative transactions such as option exercises. There is no remaining derivative position listed in the derivativeSummary section of this disclosure.