Serve Robotics SEC Filings

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.

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.