Serve Robotics (SERV) Director Lily Sarafan Receives 20,000 RSUs

What Happened Lily Sarafan, a director of Serve Robotics, was granted 20,000 restricted stock units (RSUs) on 2026-06-17. The award is reported as an acquisition (A) at $0.00 per share (total reported value $0). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-17; Form 4 filed 2026-06-18 (timely filing).
• Instrument: Restricted Stock Units (RSUs) representing 20,000 shares of common stock; reported price $0.00; reported aggregate value $0.
• Vesting: RSUs vest in full on the earlier of (i) the issuer's next annual shareholder meeting or (ii) June 17, 2027 (per footnote).
• Shares owned after transaction: Not specified in the provided Form 4 information.
• Transaction type code: A = Award/Grant (not a purchase/sale); no tax-withholding or disposition noted.

Context RSUs are a form of equity compensation that convert into stock only after vesting; they do not represent immediately tradable shares. Such grants are common for directors and employees and should be viewed as compensation disclosure rather than a direct market bet by the insider.