Serve Robotics (SERV) General Counsel Sells 5,000 Shares at $10.01

Serve Robotics Inc. General Counsel Evan Dunn reported an insider sale of 5,000 shares of common stock on 08/25/2025 at a price of $10.01 per share.

Accepted by SEC EDGAR 08/25/2025 - 04:20 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Serve Robotics Inc. General Counsel Evan Dunn reported an insider sale of 5,000 shares of common stock on 08/25/2025 at a price of $10.01 per share. After the sale, Dunn beneficially owns 230,767 shares directly. The Form 4 was signed by an attorney-in-fact, indicating the filing was executed on Dunn's behalf.

Insights

Corporate Governance Expert

TL;DR: A routine insider sale by the company General Counsel reduced direct holdings modestly.

The sale of 5,000 shares represents a small portion of the reported post-transaction holdings (230,767 shares). As General Counsel, Evan Dunn's transaction is disclosed as required under Section 16; the filing was executed by an attorney-in-fact. This looks like a routine, non-suspicious disposition without accompanying derivative activity or changes to ownership form.

Securities Analyst

TL;DR: Insider disposed of a limited number of shares; disclosure is timely and straightforward.

The reported sale at $10.01 per share and resulting ownership level are specific and clear. There are no additional transactions, derivatives, or coordinated filings noted. From a market-impact perspective, the transaction size is unlikely to be materially impactful to valuation or share supply.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 1 txn

Insider Dunn Evan

Role General Counsel

Sold 5,000 shs ($50K)

Share of Position Sold 2.1%

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$10.01	$50K

Holdings After Transaction: Common Stock — 230,767 shares (Direct)

Holdings Before and After: Common Stock, 235,767 to 230,767 shares (Direct)

Other Insiders: 5 other insiders reported open-market sales of this stock in the 30 days up to this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Dunn Evan

(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)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		S		5,000	D	$10.01	230,767	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:

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Evan Dunn	08/25/2025
	** 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.