Serve Robotics Insider Report: CEO Awarded 382k RSUs in Form 4

Rhea-AI Filing Summary

Serve Robotics (SERV) Form 4 filing: CEO & Director Ali Kashani reported the 22 Jul 2025 grant of 382,777 time-based restricted stock units (RSUs) at $0 cost (Transaction Code “A”).

The RSUs vest 1/16 (≈23,924 shares) on 1 Aug 2025 and quarterly thereafter, contingent on continued service. After the award, Kashani’s direct ownership rises to 3,606,204 common shares, with an additional 16,070 shares held indirectly through his spouse. No shares were sold.

The transaction is a routine equity incentive intended to align executive and shareholder interests; company-level dilution from this issuance is likely immaterial.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grant boosts CEO stake; improves alignment, negligible dilution—overall neutral.

The filing shows a standard equity incentive package: 382,777 RSUs vesting over four years. Such grants are common for growth-stage tech firms to retain key leadership. Kashani now controls ~3.6 M shares directly, signaling confidence but not changing control dynamics. Dilution is minor relative to public float, so valuation impact is minimal. Investors should monitor subsequent Form 4s for potential share sales as tranches vest.

Portfolio Manager

TL;DR: Insider acquired shares via RSU grant; governance-driven, not fundamentally material.

From a portfolio perspective, no cash changed hands and the award is spread across 16 quarters, limiting short-term supply pressure. Insider accumulation without sales can be viewed modestly constructive, yet it doesn’t alter revenue outlook or risk profile. I classify the event as informational with no immediate trading catalyst.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kashani Ali

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	382,777	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,606,204 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).

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)
07/22/2025

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	07/22/2025		A		382,777(1)	A	$0	3,606,204	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 Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 1/16th of the total number of shares on August 1, 2025 and 1/16th of the total number of shares on the same day of each quarter thereafter, subject to the Reporting Person's continuous service status through each vesting date.

Remarks:

Exhibit 24.1: Power of Attorney

	/s/ Jongmin Char, as attorney-in-fact for Ali Kashani	07/23/2025
	** 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.
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