[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics (SERV) filed a Form 4 disclosing that Chief Financial Officer Brian Read received 181,064 time-based restricted stock units (RSUs) on 22-Jul-2025. The award was recorded as an acquisition at $0 because it is equity compensation rather than an open-market purchase.

The RSUs vest in equal 1/16-th installments beginning 1-Aug-2025 and every quarter thereafter, contingent on Mr. Read’s continued service. Following the grant, the executive’s total direct beneficial ownership rose to 397,478 shares. No derivative securities, sales, or additional transactions were reported.

Positive

• CFO ownership increases to 397,478 shares, improving management-shareholder alignment.
• Vesting schedule encourages long-term retention of key executive talent.

Negative

• Grant adds potential dilution of 181,064 shares to the future float once vested.

Insights

Corporate Governance Analyst

TL;DR: Routine CFO RSU grant; increases alignment, limited share-count impact.

The filing reflects standard executive compensation rather than discretionary insider buying. Although the 181 k-share grant raises Brian Read’s stake to roughly 0.4 M shares, the shares vest gradually over four years, limiting near-term dilution. Such awards are typical for growth-stage tech firms and signal retention incentives rather than a valuation call. From a governance perspective, equity compensation aligns management with shareholders, but investors should monitor cumulative dilution from ongoing grants.

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^*

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)
07/22/2025

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		181,064(1)	A	$0	397,478	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 Brian Read	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 Serve Robotics (SERV) shares did the CFO receive?

Brian Read was granted 181,064 RSUs on 22-Jul-2025.

What is the vesting schedule for the new RSUs?

The award vests 1/16 each quarter starting 1-Aug-2025, subject to continued service.

What is the CFO's total beneficial ownership after this transaction?

After the grant, Read directly owns 397,478 SERV shares.

Did the CFO buy or sell any shares for cash?

No cash transaction occurred; the filing only reports an equity compensation grant with a $0 price.

Does the Form 4 indicate any derivative security activity?

No derivative securities were acquired or disposed of in this filing.