[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) Form 4: Chief Financial Officer Brian Read reported the sale of 10,195 shares of Serve Robotics common stock on 08/18/2025 at a weighted average price of $9.823 per share, with individual trade prices ranging from $9.82 to $9.85. Following the reported transactions, the reporting person beneficially owned 383,479 shares. The Form 4 was filed as an individual filing and signed by an attorney-in-fact, Jongmin Char, on 08/18/2025. The filing includes an offer to provide transaction-level detail on request.

Positive

• Timely disclosure of an insider sale by the CFO filed on 08/18/2025
• Complete reporting details including weighted average price and offered availability of per-trade breakdown

Negative

• Insider sale occurred: 10,195 shares sold, which may be of interest to investors monitoring insider activity
• No indication in the provided content that the sale was executed under a Rule 10b5-1 plan

Insights

Financial Analyst

TL;DR: Insider sale disclosed; transaction is transparent but not clearly material without context on stake size or timing.

The CFO, Brian Read, executed a sale of 10,195 shares at a weighted average of $9.823 on 08/18/2025. The report shows 383,479 shares remain beneficially owned after the sale. As a routine Section 16 disclosure, this provides transparency into executive trading. Without additional context—such as percentage of total holdings sold, recent trading pattern, or company valuation—this single Form 4 is insufficient to infer a material change in company fundamentals. The filing does include a footnote disclosing the price range and an offer to provide detailed per-trade quantities.

Corporate Governance Expert

TL;DR: Filing meets disclosure requirements and includes required signatures; sale appears properly reported.

The Form 4 identifies the reporting person as the CFO and is filed by one reporting person. It contains the required execution date, transaction code (S for sale), a weighted average price with a clarifying footnote on the price range, and a signature by an attorney-in-fact dated 08/18/2025. From a governance and compliance perspective, the report demonstrates adherence to Section 16 reporting standards. The form does not indicate whether the sale was pursuant to a Rule 10b5-1 plan, and no such plan box is checked in the visible content.

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
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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)
08/18/2025

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	08/18/2025		S		10,195	D	$9.823(1)	383,479	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 $9.85, 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	08/18/2025
	** 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 Serve Robotics (SERV) insider Brian Read report on Form 4?

Brian Read reported the sale of 10,195 shares of Serve Robotics common stock on 08/18/2025 at a weighted average price of $9.823 per share.

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

The Form 4 shows the reporting person beneficially owned 383,479 shares following the reported sale.

What price range did the shares sell for in the Serve Robotics Form 4?

The filing states the shares were sold at prices ranging from $9.82 to $9.85, inclusive, and the reported price is a weighted average.

Was the Serve Robotics sale reported as part of a 10b5-1 trading plan?

The visible content does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan; no such box is shown as checked in the provided text.

Who signed the Serve Robotics Form 4 filing?

The Form 4 was signed by /s/ Jongmin Char, as attorney-in-fact for Brian Read and dated 08/18/2025.