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Serve Robotics (SERV) filed a Form 4 disclosing that Chief Financial Officer Brian Read received 181,064 time-based restricted stock units (RSUs) on 22-Jul-2025. The award was recorded as an acquisition at $0 because it is equity compensation rather than an open-market purchase.
The RSUs vest in equal 1/16-th installments beginning 1-Aug-2025 and every quarter thereafter, contingent on Mr. Read’s continued service. Following the grant, the executive’s total direct beneficial ownership rose to 397,478 shares. No derivative securities, sales, or additional transactions were reported.
Serve Robotics Inc. (SERV) Form 4 filing, 07/23/2025: Chief Software & Data Officer Anthony Armenta was granted 138,864 time-based restricted stock units (RSUs) of SERV common stock on 07/22/2025. The award carries a $0 acquisition cost and vests in equal 1⁄16 increments, with the first tranche on 08/01/2025 and quarterly thereafter, contingent on continued employment.
Following the grant, Armenta’s direct beneficial ownership rises to 615,579 shares. No shares were sold and no derivative securities were involved. The transaction is classified under code “A” (award) and reflects routine equity compensation rather than an open-market purchase. No other material transactions, earnings data, or balance-sheet impacts are disclosed in this filing.
Serve Robotics Inc. (SERV) – Form 4 filing
President & COO and Director Touraj Parang reported the acquisition of 264,022 Class A common shares on 22 Jul 2025. The shares were received at $0 cost through a time-based restricted stock unit (RSU) award. The RSUs will vest 1/16th on 1 Aug 2025 and 1/16th quarterly thereafter, subject to continued service. After the grant, Parang’s direct beneficial ownership rose to 1,424,671 shares. No derivative transactions, sales, or option exercises were disclosed.
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.
Serve Robotics Director Vincent Olivier acquired 20,000 shares of Common Stock through a Restricted Stock Unit (RSU) award on June 23, 2025. The RSUs were granted at $0 cost and will vest in full at the earlier of either the company's next annual shareholder meeting or June 12, 2026.
Following this transaction, Olivier directly owns 29,928 shares of Serve Robotics. This Form 4 filing discloses changes in beneficial ownership pursuant to Section 16(a) of the Securities Exchange Act of 1934.
- Transaction Type: RSU Award (Non-derivative securities)
- Filing Status: Individual filing by one reporting person
- Insider Role: Director
- Location: Redwood City, CA headquarters
Director Lily Sarafan of Serve Robotics (SERV) reported the acquisition of 20,000 shares of common stock through restricted stock units (RSUs) on June 23, 2025. The transaction details include:
- Transaction Type: Acquisition of RSUs at $0 cost basis
- Post-Transaction Holdings: 58,402 shares held directly
- Vesting Schedule: RSUs will fully vest at the earlier of:
- The next annual shareholder meeting
- June 12, 2026
This Form 4 filing indicates standard equity-based compensation for board service, which aligns the director's interests with shareholders. Following this transaction, Sarafan maintains a direct ownership position in the company with no reported indirect holdings or derivative securities.
Serve Robotics Director David Michael Goldberg reported two significant transactions on June 23, 2025:
- Acquired 20,000 shares of Common Stock through a Restricted Stock Unit (RSU) award at $0 cost. The RSUs will fully vest at the earlier of the next annual shareholder meeting or June 12, 2026
- Sold 10,700 shares at a weighted average price of $10.63 per share to cover tax obligations related to the RSU settlement
Following these transactions, Goldberg directly owns 50,725 shares of Serve Robotics common stock. The share sale was executed under a pre-arranged restricted stock unit agreement, with sale prices ranging from $10.63 to $10.64 per share. This Form 4 filing demonstrates standard insider transaction reporting for equity-based compensation and associated tax obligation management.