[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 4 filing, 07/23/2025: Chief Software & Data Officer Anthony Armenta was granted 138,864 time-based restricted stock units (RSUs) of SERV common stock on 07/22/2025. The award carries a $0 acquisition cost and vests in equal 1⁄16 increments, with the first tranche on 08/01/2025 and quarterly thereafter, contingent on continued employment.

Following the grant, Armenta’s direct beneficial ownership rises to 615,579 shares. No shares were sold and no derivative securities were involved. The transaction is classified under code “A” (award) and reflects routine equity compensation rather than an open-market purchase. No other material transactions, earnings data, or balance-sheet impacts are disclosed in this filing.

Insights

Financial Analyst

TL;DR—Routine equity grant; low immediate market impact.

The RSU award increases insider alignment but does not inject cash or signal valuation views because there was no open-market buying. The size—138.9 K shares—may appear large, yet RSUs vest over four years, limiting near-term dilution pressure. With 615.6 K total shares now held, Armenta’s stake is meaningful but not necessarily material to SERV’s float. Overall, the filing is neutral for valuation and liquidity.

Corporate Governance Expert

TL;DR—Standard incentive structure; supports retention.

The quarterly vesting schedule mirrors common tech-sector practices designed to retain key talent during SERV’s commercial scaling phase. No red flags on accelerated vesting or outsized single-day awards. Board oversight appears standard, and the attached Power of Attorney indicates proper delegation for filings. Governance impact is minimal; investors should simply note ongoing dilution from future RSU settlements.

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^*

Armenta Anthony

(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 Software & Data Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

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	07/22/2025		A		138,864(1)	A	$0	615,579	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 Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 1/16th of the total number of shares on August 1, 2025 and 1/16th of the total number of shares on the same day of each quarter thereafter, subject to the Reporting Person's continuous service status through each vesting date.

Remarks:

Exhibit 24.1: Power of Attorney

	/s/ Jongmin Char, as attorney-in-fact for Anthony Armenta	07/23/2025
	** 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 Anthony Armenta receive in the latest Form 4?

The officer was awarded 138,864 restricted stock units of Serve Robotics common stock.

What is the vesting schedule for the 138,864 RSUs granted to Armenta?

The RSUs vest 1⁄16 every quarter, starting on August 1, 2025, subject to continued service.

Did the insider buy or sell SERV shares on the open market?

No. The filing reports an equity award (code “A”); there were no open-market sales or purchases.

What is Anthony Armenta’s total SERV share ownership after the award?

After the grant, Armenta beneficially owns 615,579 shares of SERV common stock, all held directly.

Does the filing include any derivative securities transactions?

No derivative securities (options, warrants, etc.) were reported in this Form 4.

Why is the acquisition price listed as $0?

RSUs are granted as compensation; they convert to shares upon vesting without the insider paying an exercise price.