Serve Robotics CEO sells 12,930 shares for tax withholding at $15.08

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) insider transaction: On 10/07/2025, reporting person Ali Kashani, who is listed as Chief Executive Officer and a director, disposed of 12,930 shares of common stock to satisfy tax withholding related to vested restricted stock units. The reported weighted-average sale price was $15.08, with individual sale prices ranging from $15.07 to $15.11. After the sale, Mr. Kashani directly beneficially owns 3,421,072 shares and indirectly owns 16,070 shares through his spouse. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Kashani.

Positive

• Insider retains substantial direct ownership of 3,421,072 shares after the tax-related sale
• Sale explicitly tied to tax withholding on vested RSUs, indicating non-discretionary motive

Negative

• Shares were sold in multiple transactions, which could briefly increase share turnover
• Weighted-average sale price of $15.08 realized on the disposals

Insights

Corporate Governance Analyst

Routine RSU tax withholding caused the sale; ownership remains significant.

The transaction is described as a sale to satisfy tax withholding obligations arising from the settlement of vested RSUs. This is a common, non-discretionary reason for insider stock sales and does not indicate a discretionary cash‑raising sale.

Key dependencies are the size of remaining equity and ongoing grant schedules; continue to note reported direct beneficial ownership of 3,421,072 shares and indirect holdings of 16,070 by spouse as measures of continued insider alignment over the near term.

Insider Transactions Specialist

Small, multiple-price disposals with a disclosed weighted-average price.

The filing reports 12,930 shares sold across multiple trades at prices between $15.07 and $15.11, aggregated to a $15.08 weighted average. The explanation explicitly ties the sales to tax-withholding on vested RSUs.

Monitor future Form 4s for any change from tax‑related sales to open-market, discretionary sales; such a shift would be material if frequency or volume increases within a short timeframe (months).

Insider Trade Summary

Net Seller: 12,930 shares ($194,984)

Net Sell 2 txns

Insider Kashani Ali

Role Chief Executive Officer

Sold 12,930 shs ($195K)

Type	Security	Shares	Price	Value
Sale	Common Stock	12,930	$15.08	$195K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,421,072 shares (Direct); Common Stock — 16,070 shares (Indirect, By Spouse)

Footnotes (1)

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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.07 to $15.11, 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
10/07/2025

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	10/07/2025		S		12,930(1)	D	$15.08(2)	3,421,072	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.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.07 to $15.11, 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 Ali Kashani	10/07/2025
	** 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 Serve Robotics (SERV) insider Ali Kashani do on 10/07/2025?

Ali Kashani sold 12,930 shares on 10/07/2025 to satisfy tax withholding from vested RSUs; the weighted-average price was $15.08.

Why were the shares sold by the reporting person?

The filing states the shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units.

How many shares does Ali Kashani own after the reported transaction?

After the sale, Mr. Kashani directly beneficially owns 3,421,072 shares and indirectly owns 16,070 shares through his spouse.

At what prices were the sold shares transacted?

The shares were sold in multiple transactions at prices ranging from $15.07 to $15.11, with a weighted-average of $15.08.

Who signed the Form 4 filing for Ali Kashani?

The Form 4 was signed by Jongmin Char as attorney-in-fact for Ali Kashani on 10/07/2025.