Serve Robotics insider sale: 164,735 shares sold for tax withholding at $10.33

Rhea-AI Filing Summary

Ali Kashani, Serve Robotics Inc. director and Chief Executive Officer, reported a sale of 164,735 shares of the issuer's common stock on 09/08/2025 at a reported price of $10.33 per share to satisfy tax withholding obligations related to the settlement of vested restricted stock units. After the reported transaction, the filing shows Mr. Kashani beneficially owning 3,434,002 shares directly and 16,070 shares indirectly through his spouse. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Kashani.

Positive

• None.

Negative

• Reported disposition of 164,735 common shares at $10.33 per share was made by the CEO/director.
• Sale was executed on 09/08/2025 (documented on Form 4), indicating a reduction in the reporting person's direct holdings versus prior to the tax-withholding sale.

Insights

Securities Analyst

TL;DR: Routine insider sale to cover taxes tied to RSU vesting; not an explicit discretionary sell signal.

The Form 4 discloses a non-derivative disposition of 164,735 common shares at $10.33 per share executed to satisfy tax withholding for vested RSUs. This is a compensatory, administrative disposition rather than a voluntary open-market divestiture for liquidity, according to the filing text. The reporting person remains a large beneficial holder with 3,434,002 direct shares and 16,070 indirect shares which preserves significant insider ownership.

Corporate Governance Expert

TL;DR: Filing documents a standard RSU tax-withholding sale; governance impact appears minimal.

The transaction is explicitly described as a sale to satisfy tax withholding upon RSU settlement, which is a common equity compensation mechanics item and carries no stated change in role or control. The report identifies the reporting person as both CEO and a director, and the continued substantial direct ownership suggests no immediate governance shift. The signature is by an attorney-in-fact, which is typical for timely filings.

Insider Trade Summary

Net Seller: 164,735 shares ($1,701,713)

Net Sell 2 txns

Insider Kashani Ali

Role Chief Executive Officer

Sold 164,735 shs ($1.70M)

Type	Security	Shares	Price	Value
Sale	Common Stock	164,735	$10.33	$1.70M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,434,002 shares (Direct); Common Stock — 16,070 shares (Indirect, By Spouse)

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^*

Kashani Ali

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		164,735(1)	D	$10.33	3,434,002	D
Common Stock								16,070	I	By Spouse

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 Ali Kashani	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 Ali Kashani report on the Form 4 for SERV?

The Form 4 reports a sale of 164,735 shares of Serve Robotics common stock on 09/08/2025 at $10.33 per share to satisfy tax withholding related to vested RSUs.

How many shares does the reporting person own after the transaction?

After the reported transaction, the filing shows 3,434,002 shares owned directly and 16,070 shares owned indirectly by the reporting person.

Why were the shares sold according to the filing?

The filing states the shares were sold to satisfy tax withholding obligations arising from the settlement of vested restricted stock units under a restricted stock unit agreement.

What is the reporting person's role at Serve Robotics?

The Form 4 identifies the reporting person, Ali Kashani, as a Director and the company's Chief Executive Officer.

Who signed the Form 4?

The Form 4 was signed by Jongmin Char as attorney-in-fact on behalf of Ali Kashani on 09/08/2025.