Serve Robotics officer's tax-related sale: 2,915 shares disclosed

Q: At what price were the SERV shares sold?

The shares were sold at $10.68 each.

Q: Why did the officer sell SERV shares?

The sale was to satisfy tax-withholding obligations tied to vested RSUs .

Q: How many SERV shares does Armenta still own after the sale?

He continues to own 612,664 shares directly.

Q: Does the Form 4 include any derivative transactions?

No ; there were no options, warrants, or other derivatives reported.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 4 filing: On 08/05/2025 Chief Software & Data Officer Anthony Armenta sold 2,915 common shares at $10.68 per share (transaction code “S”). The sale was executed to cover tax-withholding obligations stemming from the settlement of vested restricted stock units (RSUs). Following the sale, Armenta retains 612,664 directly held shares, indicating he disposed of roughly 0.5 % of his reported ownership. No derivative transactions were reported and the filing contains no additional share acquisitions or option exercises.

The transaction is relatively small in absolute and percentage terms and was disclosed within two business days, in line with SEC Rule 16a-3 requirements. Because the sale was for tax purposes rather than open-market profit taking, market impact is expected to be limited. Nonetheless, investors often view insider sales, even administrative ones, as a modest negative signal.

Positive

Officer still holds 612,664 shares, indicating ongoing ownership commitment.

Negative

Insider sale, even if tax-related, can be perceived as a mild negative signal by sentiment-focused investors.

Insights

TL;DR: Routine tax-related insider sale of 2,915 SERV shares; officer still holds >600k shares—market impact minimal.

The Form 4 shows Armenta disposed of 2,915 shares (≈0.5 % of his stake) at $10.68 to settle RSU-related taxes. Post-transaction ownership remains sizable at 612,664 shares, suggesting continuing alignment with shareholders. Because the sale is flagged as administrative, it lacks the negative signaling normally associated with discretionary insider selling. The small volume relative to SERV’s average daily trading volume should not create supply pressure. Overall, I classify the event as neutral for valuation, though investors tracking insider sentiment may note it as a minor negative.

Insider Trade Summary

Net Seller: 2,915 shares ($31,132)

Net Sell 1 txn

Insider Armenta Anthony

Role Chief Software & Data Officer

Sold 2,915 shs ($31K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,915	$10.68	$31K

Holdings After Transaction: Common Stock — 612,664 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

08/06/2025 - 06:21 PM

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^*

Armenta Anthony

(Last)

(First)

(Middle)

C/O SERVE ROBOTICS INC.

730 BROADWAY

(Street)

REDWOOD CITY

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)
08/05/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/05/2025		S		2,915⁽¹⁾	D	$10.68	612,664	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Anthony Armenta	08/06/2025
	** 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

How many SERV shares did Anthony Armenta sell on 08/05/2025?

He sold 2,915 common shares.

At what price were the SERV shares sold?

The shares were sold at $10.68 each.

Why did the officer sell SERV shares?

The sale was to satisfy tax-withholding obligations tied to vested RSUs.

How many SERV shares does Armenta still own after the sale?

He continues to own 612,664 shares directly.

Does the Form 4 include any derivative transactions?

No; there were no options, warrants, or other derivatives reported.