Read Brian 4
4 · Serve Robotics Inc. /DE/ · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Serve Robotics (SERV) CFO Brian Read Sells 2,991 Shares
What Happened
Brian Read, Serve Robotics’ Chief Financial Officer, sold a total of 2,991 shares of the company's common stock in two transactions. On 2026-05-06 he disposed of 2,790 shares at $9.29 each ($25,919) and on 2026-05-07 he disposed of 201 shares at $9.26 each ($1,861), for combined proceeds of about $27,780. These were sales (not purchases) and, per the filing footnote, were to satisfy tax withholding obligations tied to the settlement of vested restricted stock units (RSUs).
Key Details
- Transaction dates and prices:
- 2026-05-06: 2,790 shares @ $9.29 = $25,919
- 2026-05-07: 201 shares @ $9.26 = $1,861
- Total shares sold: 2,991; total proceeds: ~$27,780.
- Footnote F1: Sales were to satisfy tax withholding related to RSU vesting (a "sell-to-cover" transaction).
- Filing: Form 4 filed 2026-05-08. The filing does not indicate a late report in the provided details.
- Shares owned after the transactions: Not specified in the details provided.
Context
Sell-to-cover transactions are common when insiders receive equity awards (RSUs) and need to sell some shares to cover taxes; they are routine and don’t necessarily signal a change in insider sentiment. This filing reports sales (S) rather than purchases (P) or exercises (M).
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-06$9.29/sh−2,790$25,919→ 318,768 total - Sale
Common Stock
[F1]2026-05-07$9.26/sh−201$1,861→ 318,567 total
Footnotes (1)
- [F1]Represents 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.