SERV Form 4: Brian Read Sells Shares to Cover RSU Taxes

Rhea-AI Filing Summary

Serve Robotics Inc. reporting person Brian Read reported the sale of company common stock to satisfy tax withholding on vested RSUs. On 09/08/2025 Mr. Read disposed of 2,380 shares at $10.39 and 4,795 shares at $10.47 as reported on Form 4. After the transactions, the filing shows beneficial ownership amounts of 369,553 and 364,758 shares respectively. The form was signed by an attorney-in-fact on behalf of the reporting person and the filing explicitly states the sales were to satisfy tax withholding obligations related to RSU settlement.

Positive

• Sales were explicitly to satisfy tax withholding on vested RSUs, as stated in the filing
• Filing discloses post-transaction beneficial ownership amounts, providing transparency

Negative

• Reported dispositions reduced the insider's holdings by 2,380 and 4,795 shares
• Form does not disclose any new grants or additional context beyond tax withholding

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 ($74,932)

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 — 369,553 shares (Direct)

Footnotes (1)

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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)
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.

FAQ

What did Brian Read report on the Form 4 for SERV?

He reported two sales of common stock on 09/08/2025 to satisfy tax withholding related to vested RSUs: 2,380 shares at $10.39 and 4,795 shares at $10.47.

Why were the shares sold according to the Form 4?

The filing states the sales were made to satisfy tax withholding obligations arising from the settlement of vested restricted stock units.

How many shares did the reporting person own after the reported transactions?

Beneficial ownership is reported as 369,553 and 364,758 shares following the respective transactions as shown on the Form 4.

Was the Form 4 signed by the reporting person?

The signature on the form is by an attorney-in-fact (Jongmin Char) for Brian Read, dated 09/08/2025.