[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. reporting person Brian Read, the company's Chief Financial Officer, disposed of 1,330 shares of the issuer's common stock on 09/02/2025 at a reported price of $10.18 per share. The filing states the shares were sold to satisfy tax withholding obligations arising from the settlement of vested restricted stock units. After the sale, the reporting person beneficially owns 371,933 shares of common stock. The Form 4 was signed by an attorney-in-fact on behalf of Brian Read.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale to cover tax withholding after RSU vesting; not indicative of governance change.

The Form 4 documents a common, non-discretionary insider transaction: 1,330 shares sold at $10.18 to satisfy tax withholding for vested RSUs. Such sales are standard practice following equity compensation settlements and do not, by themselves, signal management change or governance concerns. The reporting person remains a substantial shareholder with 371,933 shares, and the filing was executed by an attorney-in-fact, which is typical for administrative processing.

Securities Analyst

TL;DR: Small, routine disposition tied to RSU tax obligations; immaterial to overall ownership stake.

The transaction size (1,330 shares at $10.18) appears modest relative to the remaining beneficial ownership (371,933 shares), indicating the sale was transactional rather than a strategic divestment. The explicit explanation ties the sale to withholding for vested RSUs, clarifying intent and reducing interpretive ambiguity. No derivative or additional transactions are reported on this Form 4.

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).

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)
09/02/2025

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	09/02/2025		S		1,330(1)	D	$10.18	371,933	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.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Brian Read	09/02/2025
	** 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 Brian Read report on Form 4?

Brian Read reported the sale of 1,330 common shares on 09/02/2025 at $10.18 per share to satisfy tax withholding for vested RSUs.

Why were the 1,330 SERV shares sold according to the Form 4?

The shares were sold to satisfy tax withholding obligations

How many SERV shares does Brian Read beneficially own after the reported transaction?

371,933 shares of common stock are reported as beneficially owned following the transaction.

Was the Form 4 filed jointly or individually for Brian Read?

The form was filed by one reporting person and signed by an attorney-in-fact on behalf of Brian Read.

What price was reported for the sale of SERV shares by Brian Read?

$10.18 per share was the reported sale price for the 1,330 shares disposed.