Read Brian 4

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).