Euan Abraham - 15 Oct 2025 Form 4 Insider Report for Serve Robotics Inc. /DE/ (SERV)

Signature
/s/ Jongmin Char, as attorney-in-fact for Euan Abraham
Issuer symbol
SERV
Transactions as of
15 Oct 2025
Net transactions value
-$437,615
Form type
4
Filing time
17 Oct 2025, 16:38:00 UTC
Previous filing
07 Oct 2025
Next filing
05 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Abraham Euan Chief Hardware & Mftg Offcr C/O SERVE ROBOTICS INC., 730 BROADWAY, REDWOOD CITY /s/ Jongmin Char, as attorney-in-fact for Euan Abraham 17 Oct 2025 0001983554

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SERV Common Stock Options Exercise $12,135 +25,000 +10% $0.4854 275,539 15 Oct 2025 Direct F1
transaction SERV Common Stock Sale $449,750 -25,000 -9.1% $17.99 250,539 15 Oct 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SERV Stock Option (right to buy) Options Exercise -25,000 -33% 50,875 15 Oct 2025 Common Stock 25,000 $0.4854 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Exercise of options and sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on June 2, 2025.
F2 The stock option vested as to 1/4 of the total number of shares on November 1, 2022, and an additional 1/48 of the total number of shares vest on each monthly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
F3 Received in connection with the Issuer's merger (the "Merger") with Serve Robotics Inc. ("Legacy Serve") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of July 31, 2023, by and among the Issuer (f/k/a Patricia Acquisition Corp.), Serve Acquisition Corp. and Legacy Serve, in exchange for options to acquire 250,000 shares of Legacy Serve common stock for $0.39 per share. The Merger closed on July 31, 2023 (the "Merger Closing Date").