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SERV insider sale: CFO reduces stake to 373,263 shares after 10,216-share sale

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Serve Robotics insider sale: The company’s Chief Financial Officer, Brian Read, reported an open-market sale of 10,216 shares of Serve Robotics Inc. (SERV) on 08/25/2025. The filing states the shares were sold at a weighted average price of $9.82 to $9.83, and following the transactions the reporting person beneficially owns 373,263 shares. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Read. The filing includes a footnote that the seller can provide the exact number of shares sold at each individual price upon request.

Positive

  • None.

Negative

  • Officer sale: The CFO sold 10,216 shares, reducing beneficial ownership to 373,263 shares.

Insights

TL;DR: CFO sold a small block of shares; transaction appears routine and not clearly material to shareholders.

The reported sale of 10,216 shares at a weighted average price of $9.82–$9.83 reduced Brian Read’s beneficial holdings to 373,263 shares. The Form 4 provides standard disclosure language and a footnote about the weighted-average price range. There is no information in the filing indicating accelerated insider selling, trading plan reliance, or any contemporaneous change in company guidance. Absent additional context on ownership percentage or timing relative to corporate events, this transaction is a routine insider disposition and has a neutral informational impact for investors.

TL;DR: Disclosure complies with Section 16 reporting; no governance issues evident from this single Form 4.

The Form 4 lists the reporting person as an officer (CFO) and shows the sale executed via an attorney-in-fact signature, which is an acceptable procedural method. The filing includes the required footnote clarifying the weighted-average sale price range and offers to provide detailed per-transaction pricing on request. There are no statements of Rule 10b5-1 plans or other governance qualifications in the filing. Based solely on this document, there are no apparent compliance or governance red flags.

Insider Read Brian
Role Chief Financial Officer
Sold 10,216 shs ($100K)
Type Security Shares Price Value
Sale Common Stock 10,216 $9.82 $100K
Holdings After Transaction: Common Stock — 373,263 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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)
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 10,216 D $9.82(1) 373,263 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.82 to $9.83, 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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Serve Robotics (SERV) insider Brian Read report on 08/25/2025?

The Form 4 reports that CFO Brian Read sold 10,216 shares on 08/25/2025 at a weighted average price of $9.82–$9.83.

How many Serve Robotics shares does Brian Read own after the sale?

Following the reported transactions, Brian Read beneficially owns 373,263 shares of Serve Robotics.

Was the sale disclosed as part of a trading plan (Rule 10b5-1)?

The Form 4 does not indicate that the transactions were made pursuant to a Rule 10b5-1 trading plan in the provided content.

Who signed the Form 4 for Brian Read?

The Form 4 was signed on behalf of Brian Read by Jongmin Char, as attorney-in-fact, dated 08/25/2025.

What price range was reported for the share sales?

The filing states a weighted average price and notes sales occurred at prices ranging from $9.82 to $9.83.