Serve Robotics (NYSE: SERV) CFO sells 7,175 shares, retains 364,758

Rhea-AI Filing Summary

Serve Robotics Chief Financial Officer Brian Read reported selling 7,175 shares of common stock on September 8, 2025, in two transactions at $10.39 and $10.47 per share. After these sales, he holds 364,758 shares directly. A footnote explains that shares were sold to satisfy tax-withholding obligations related to vested RSUs.

Insights

Securities Analyst

TL;DR: Insider sold shares solely to satisfy RSU tax withholding; holdings remain in the mid-hundreds of thousands of shares.

The Form 4 discloses two non-derivative sales by Brian Read on 09/08/2025, executed to satisfy tax withholding tied to vested restricted stock units. The transactions are recorded with prices of $10.39 and $10.47 and specified as dispositions for tax purposes rather than open-market cash-raising or strategic sales. Reported post-transaction beneficial ownership figures are provided directly in the filing.

Corporate Governance Specialist

TL;DR: Transaction appears administrative (tax withholding) and not a change in control or material shift in insider exposure.

The filing identifies the sales as satisfying tax obligations on RSU settlement, a common administrative transaction following vesting. There is no indication in this Form 4 of additional derivative activity, new grants, or changes in officer status. The signature is via attorney-in-fact, consistent with routine filings.

Insider Trade Summary

Net Seller: 7,175 shares

Net Sell 2 txns

Insider Read Brian

Role Chief Financial Officer

Sold 7,175 shs ($75K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,380	$10.39	$25K
Sale	Common Stock	4,795	$10.47	$50K

Holdings After Transaction: Common Stock — 364,758 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Total shares sold: 7,175 shares Sale price 1: $10.3900 per share Sale price 2: $10.4700 per share +1 more

4 metrics

Total shares sold 7,175 shares Aggregate common stock sales reported on September 8, 2025

Sale price 1 $10.3900 per share First common stock sale transaction on September 8, 2025

Sale price 2 $10.4700 per share Second common stock sale transaction on September 8, 2025

Post-transaction holdings 364,758 shares Directly held Serve Robotics common stock after the reported sales

Key Terms

restricted stock unit agreement, RSUs, tax withholding obligations

3 terms

restricted stock unit agreement financial

"pursuant to provisions of a restricted stock unit agreement by and between the Issuer"

A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.

RSUs financial

"relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition"

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/08/2025 - 07:09 PM Learn about SEC filing dates

FAQ

What insider activity did Serve Robotics (SERV) report for CFO Brian Read?

Serve Robotics CFO Brian Read reported selling 7,175 shares of common stock on September 8, 2025, at prices of $10.39 and $10.47 per share, according to a Form 4 insider trading report filed with the SEC.

How many Serve Robotics (SERV) shares does CFO Brian Read hold after the Form 4 transactions?

Following the reported sales, CFO Brian Read holds 364,758 shares of Serve Robotics common stock directly. This post-transaction holding figure comes from the filing’s canonical holdings data included with the Form 4 disclosure.

At what prices did Serve Robotics (SERV) CFO Brian Read sell his shares?

Brian Read sold Serve Robotics common stock at $10.39 and $10.47 per share. These prices reflect two separate sale transactions reported on September 8, 2025, classified as sales in open market or private transactions.

Does the Serve Robotics (SERV) Form 4 mention RSU-related tax withholding sales?

Yes. A Form 4 footnote states that shares of Serve Robotics common stock were sold to satisfy tax withholding obligations arising from RSU vesting and settlement under a restricted stock unit agreement between the issuer and the reporting person.

How many total shares were sold by Serve Robotics (SERV) CFO Brian Read in this Form 4?

The Form 4 shows total sales of 7,175 shares of Serve Robotics common stock. This total comes from two separate sale transactions on September 8, 2025, and matches the filing’s summarized net-sell share count.

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)
09/08/2025

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	09/08/2025		S		2,380(1)	D	$10.39	369,553	D
Common Stock	09/08/2025		S		4,795	D	$10.47	364,758	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	09/08/2025
	** 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.