Kashani Ali 4

What Happened Kashani Ali, CEO of Serve Robotics (SERV), sold a total of 26,397 shares in two transactions tied to RSU settlement tax withholding. On 2026-05-06 he sold 11,753 shares at $9.29 for $109,185, and on 2026-05-07 he sold 14,644 shares at $9.26 for $135,603, for combined proceeds of approximately $244,788. These were sales (not purchases) and the filing indicates they were to satisfy tax withholding obligations.

Key Details

• Transaction dates and prices:
  • 2026-05-06: 11,753 shares sold at $9.29 — $109,185
  • 2026-05-07: 14,644 shares sold at $9.26 — $135,603
• Total shares sold: 26,397; total proceeds ≈ $244,788.
• Shares owned after the transactions: not specified in the provided filing.
• Footnote: F1 — shares were sold to satisfy tax withholding on the settlement of vested RSUs.
• Filing dated 2026-05-08; transactions occurred 2026-05-06 and 2026-05-07 — the Form 4 appears to have been filed timely.
• Transaction code: S (sale); reported as open-market or private sale.

Context The filing shows a tax-withholding sale tied to vested RSUs, which is a common, routine reason insiders sell shares and does not by itself indicate a change in the insider’s view of the company. There’s no indication in this filing of unusual trading plans (e.g., a 10b5-1 plan) or that options were exercised and immediately sold. Purchases typically carry more weight for interpreting insider sentiment; these sales appear administrative in nature.