[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) – Form 4 insider transaction

Chief Financial Officer Brian Read disclosed the sale of 1,212 SERV common shares on 30-Jul-2025 at a weighted-average price of $10.457. The shares were sold solely to cover federal and state tax-withholding obligations triggered by the vesting and settlement of restricted stock units (RSUs), as noted in Footnote 1. After the transaction, Read directly owns 396,266 shares.

No derivative securities were bought or sold, and the filing shows no 10b5-1 plan or other pre-arranged trading program. The disposition equals roughly 0.3 % of the executive’s reported holdings, suggesting the officer retains the vast majority of his equity exposure. The document contains no financial metrics, operational updates, or strategic commentary beyond the routine administrative sale.

Positive

• CFO retains 396,266 shares, signaling continued alignment with shareholder interests despite minor sale.
• Sale was administrative for tax-withholding, reducing concern about negative insider sentiment.

Negative

• Insider disposition, albeit small, can be perceived negatively by some investors monitoring executive selling activity.

Insights

Equity Analyst

TL;DR: Routine tax-withholding sale; immaterial impact on insider’s stake or investment thesis.

The CFO sold only 1,212 shares to satisfy RSU tax obligations, leaving him with almost 400k shares. The sale is tiny relative to both his holdings and SERV’s float, indicating no change in insider sentiment. Because the transaction is non-discretionary and disclosure is timely, I view it as compliance-related and not a bearish signal. I rate the filing as neutral for share-price outlook.

Corporate Governance Specialist

TL;DR: Filing shows standard Section 16 compliance; no governance red flags.

Serve Robotics’ use of Form 4 for a small RSU-related sale demonstrates proper reporting discipline. The footnotes clarify pricing range and affirm willingness to provide trade detail—good transparency practice. Absence of a 10b5-1 plan notation is acceptable given the ministerial nature of the sale. Overall governance implications are neutral.

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^*

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)
07/30/2025

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	07/30/2025		S		1,212(1)	D	$10.457(2)	396,266	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. 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 $10.45 to $10.47, 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	07/30/2025
	** 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

How many SERV shares did CFO Brian Read sell?

He sold 1,212 common shares on 30-Jul-2025.

What was the sale price of the SERV shares?

The weighted-average price was $10.457, with trades ranging from $10.45 to $10.47.

Why were the shares sold by the CFO of Serve Robotics?

They were sold to cover tax-withholding obligations associated with vested RSUs.

How many SERV shares does the CFO own after the sale?

Brian Read now directly owns 396,266 shares of Serve Robotics.

Does the Form 4 mention any 10b5-1 trading plan?

No. The filing does not reference a 10b5-1 plan; the sale is classified as routine tax-withholding.