Brian Read - May 2, 2025 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Signature
/s/ Jongmin Char, as attorney-in-fact for Brian Read
Stock symbol
SERV
Transactions as of
May 2, 2025
Transactions value $
-$205,440
Form type
4
Date filed
5/5/2025, 09:05 PM
Previous filing
Sep 6, 2024
Next filing
May 9, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Read Brian Chief Financial Officer C/O SERVE ROBOTICS INC., 730 BROADWAY, REDWOOD CITY /s/ Jongmin Char, as attorney-in-fact for Brian Read 2025-05-05 0002021854

Transactions Table

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents 14,100 shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person and 15,000 shares of the Issuer's common stock sold pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on April 29, 2025.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $7.05 to $7.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

Exhibit 24.1: Power of Attorney