Serve Robotics Inc. filings document material events, operating results, capital-structure disclosures, acquisition activity, and governance matters for the autonomous robotics company. Form 8-K reports include quarterly and annual financial-result announcements, investor presentation disclosures, material agreements, and completed acquisition records, including the Vebu transaction.
Proxy materials describe annual meeting matters such as director elections, auditor ratification, shareholder voting mechanics, and board governance. The filing record also includes disclosures relevant to Serve's status as an emerging growth company and its public-company reporting obligations as Nasdaq-listed SERV.
Serve Robotics Inc. chief executive officer Ali Kashani reported an open-market sale of 13,500 shares of common stock at an average price of $9.72 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units. Following the transaction, Kashani directly holds 3,334,914 common shares, and an additional 16,070 shares are held indirectly by his spouse.
Serve Robotics Inc. reported rapid growth in 2025 alongside heavy losses and raised its outlook for 2026. Full-year 2025 revenue reached $2.7 million, above prior guidance of $2.5 million, with fourth quarter revenue of $0.9 million, roughly 400% higher than a year earlier. Fleet revenue grew strongly as the company scaled to 2,000 deployed robots across 20 cities, serving over 4,500 merchant partners and maintaining a 99.8% delivery completion rate.
The company completed four strategic acquisitions, including Diligent Robotics, adding hospital delivery robots and recurring healthcare revenue, and reported underlying recurring revenue increasing from about $0.2 million in Q1 to over $0.8 million in Q4. Despite these gains, Serve posted a 2025 GAAP net loss of $101.4 million and adjusted EBITDA of $(78.6) million, driven by $97.4 million of operating expenses.
Serve ended 2025 with $260 million in cash and marketable securities and raised its 2026 revenue guidance to approximately $26 million, with expected 2026 capital expenditures of about $25 million. Management also projects 2026 GAAP operating expenses of $190–205 million and non-GAAP operating expenses of $160–170 million, reflecting continued investment in autonomy, fleet scale, and its broader physical AI platform.
Ali Haghighat Kashani reported a proposed sale of 13,500 shares of Common Stock. The filing lists the securities as restricted stock vesting on 03/05/2026 issued as compensation.
The filing also discloses recent sales by the same person: 16,730 shares on 12/11/2025, 9,088 shares on 01/08/2026, 8,101 shares on 02/04/2026, and 9,259 shares on 02/11/2026.
SERV submitted a Rule 144 notice proposing the sale of 1,390 shares of Common Stock. The filing identifies the shares as resulting from Restricted Stock Vesting on 03/05/2026.
The filing also reports recent dispositions by Euan Abraham: 1,917 shares on 12/11/2025, 1,171 shares on 01/08/2026, 3,284 shares on 02/04/2026, and 1,375 shares on 02/11/2026.
SERV insider notices proposed and reported sales of Common Stock by Brian Read. The Form 144 lists multiple dispositions over the prior three months, including a sale of 6,700 shares on 12/12/2025 for $88,105.67 and sales of 3,185 shares on 02/04/2026 for $32,896.91. The filing also shows restricted stock vesting of 203 shares on 03/05/2026 reported as compensation.
SERV reporting person Touraj Parang filed a Form 144 to sell 3,922 shares of Common Stock, linked to Restricted Stock Vesting with an issuer designation dated 03/05/2026.
The filing lists prior open-market sales by Touraj Parang on 12/11/2025, 12/12/2025, 01/08/2026, 02/04/2026, and 02/11/2026, with respective share counts disclosed in the excerpt.
Serve Robotics Inc. General Counsel Evan Dunn reported an open-market sale of 538 shares of common stock at $9.44 per share on March 6, 2026, executed to satisfy tax withholding obligations from vested RSUs. Following this tax-related sale, he directly owned 202,294 shares of Serve Robotics common stock.
SERV insider filing reports a Rule 144 notice to sell 538 shares of common stock tied to restricted stock vesting on 03/04/2026.
The filing lists prior open-market dispositions by Evan L. Dunn during the past three months: 12/08/2025 (504 shares), 01/06/2026 (598 shares), 02/04/2026 (2,700 shares), and 02/06/2026 (688 shares). The broker of record is Fidelity Brokerage Services LLC.
Serve Robotics Inc. Chief Financial Officer Brian Read reported an open-market sale of 1,268 shares of common stock at $9.61 per share on March 3, 2026. According to the filing, the sale was made to cover tax withholding tied to vested RSUs, and he now holds 324,403 shares directly.
Serve Robotics Inc. completed its acquisition of Vebu, Inc., turning Vebu into a wholly owned subsidiary through a merger with Serve Kitchen Robotics Inc.
The deal consideration at closing was Company common stock with an aggregate value of $3.75 million, subject to net debt and working capital adjustments. Based on these adjustments, Serve Robotics issued 118,128 shares of common stock, using a reference price of $12.7913 per share from a 30‑day volume‑weighted average.
The company also paid Vebu $2,258,369.77 in cash for a net debt adjustment, reducing the share portion on a dollar‑for‑dollar basis. Vebu stockholders may receive additional stock as earnout consideration equal to 33% of Net Proceeds generated during an Earnout Period, divided by the stock’s volume‑weighted average price over that period. Serve Robotics assumed 500,000 restricted stock units held by continuing employees and cancelled all Vebu options and warrants with no consideration. The shares issued were sold in a private placement exempt from registration.