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Form 144 Notice of Proposed Sale filed by Serve Robotics for a planned sale of 10,700 common shares through Raymond James & Associates. The shares have an aggregate market value of $113,744.21 and represent a portion of 20,000 shares acquired through an RSU grant vest from the issuer on June 12, 2025.
Key transaction details:
- Planned execution date: June 23, 2025
- Trading venue: NASDAQ
- Current shares outstanding: 56,319,299
- Sale represents approximately 0.019% of outstanding shares
The filing indicates the seller has no knowledge of undisclosed material adverse information regarding Serve Robotics' operations. No other securities sales were reported by the seller in the past 3 months. This Form 144 represents a standard notice of proposed sale by an insider following RSU vesting.
Serve Robotics has filed a Form S-8 registration statement to register an additional 2,280,000 shares of common stock under its 2023 Equity Incentive Plan. This filing represents the company's fourth S-8 registration, following previous registrations in February, July, and October 2024.
Key details about the company:
- Classified as a non-accelerated filer, smaller reporting company, and emerging growth company
- Headquartered in Redwood City, California
- Led by CEO Ali Kashani, who also serves as Chairman
- Management team includes Touraj Parang (President/COO) and Brian Read (CFO)
The filing incorporates amendments to the 2023 Equity Incentive Plan made in July 2024 and June 2025. The company has elected to maintain its emerging growth company status and has retained Orrick, Herrington & Sutcliffe LLP as legal counsel. This equity compensation plan expansion suggests continued focus on employee retention and attraction through stock-based incentives.