Read Brian 4

What Happened

• Brian Read, the Chief Financial Officer of Serve Robotics (SERV), sold 1,179 shares of the company's common stock in an open-market/private sale on May 1, 2026. The shares were sold at $9.29 per share for a total proceeds amounting to $10,953.
• This transaction was a sale to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs), not an independent investment decision to reduce or increase his position.

Key Details

• Transaction date and price: May 1, 2026 — 1,179 shares at $9.29 per share (Sale, code S).
• Total value: $10,953.
• Shares owned after transaction: Not specified in the Form 4 available in this filing.
• Footnote: F1 — Sale was to satisfy tax withholding obligations in connection with the settlement of vested RSUs under the issuer’s restricted stock unit agreement.
• Filing date: May 4, 2026 (transaction reported in a Form 4 filed three days after the transaction date).

Context

• Sales to cover tax withholding on vested RSUs are routine and do not necessarily indicate the insider’s view on the company’s prospects. The amount here is relatively small.
• For retail investors, purchase transactions tend to be more informative about insider confidence; routine withholding sales are common administrative actions.