Serve Robotics CFO Brian sells 10,195 shares for $9.82/share on Aug 18, 2023.

Serve Robotics Inc. /DE/[SERV] has announced that Chief Financial Officer Read Brian has disposed of 9,195 shares at a price of $9.82 per share on August 18, 2025.

Serve Robotics Inc. (NasdaqCM: SERV), an autonomous sidewalk delivery company, has completed the acquisition of Vayu Robotics, Inc., an urban robot navigation company. The deal, announced on August 14, 2025, is a significant milestone in Serve's mission to transform last-mile delivery with autonomous technology [1].

The acquisition terms include an upfront payment to Vayu stockholders of 1,696,069 Serve common shares, with an additional 560,000 shares potentially issued as an earnout tied to autonomy performance milestones. Additionally, 4,000,000 Serve common shares are being issued as warrants to Vayu SAFE holder Khosla Ventures at an exercise price of $10.36 per share [2].

The deal strengthens Serve's leadership in the "physical AI" space and accelerates safer, faster, and more adaptable last-mile delivery across new markets and use cases. Upon completion of the transaction, Vayu Robotics will operate as a subsidiary of Serve Robotics.

Silicon Valley technologist Vinod Khosla, a lead investor in Vayu, will join Serve's Advisory Board, alongside Vayu's lead investor, to advance Serve's mission of deploying robots in cities worldwide.

In pre-market trading, Serve Robotics is up 1.96% at $9.90 on the Nasdaq, following the announcement of the acquisition [2].

On August 18, 2025, Serve Robotics' Chief Financial Officer, Read Brian, disposed of 9,195 shares at a price of $9.82 per share [1].

References:
[1] https://www.marketscreener.com/news/serve-robotics-inc-completed-the-acquisition-of-vayu-robotics-inc-from-khosla-ventures-vi-l-p-a-ce7c51dcdb80f122
[2] https://www.nasdaq.com/articles/serve-robotics-acquires-vayu-robotics-240-mln-deal-boost-autonomous-delivery