Insider Trading April 9, 2026 05:15 PM

Serve Robotics CFO Sells Small Block of Stock to Cover RSU Taxes; Company Posts Revenue Gains

Brian Read disposed of 200 shares as Serve reports quarterly growth, continued negative EPS and mixed analyst targets

By Nina Shah SERV
Serve Robotics CFO Sells Small Block of Stock to Cover RSU Taxes; Company Posts Revenue Gains
SERV

Serve Robotics NASDAQ:SERV Chief Financial Officer Brian Read sold 200 shares on April 8, 2026, to satisfy tax withholding tied to vested RSUs. The disposition was executed at $8.62 per share for $1,723. Serve reported notable revenue growth in Q4 2025 and beat full-year revenue guidance, while remaining unprofitable on an EPS basis. Analysts have adjusted price targets and maintained positive ratings amid increased robot deployments and higher daily active robots.

Key Points

  • CFO Brian Read sold 200 shares on April 8, 2026 at $8.62 per share to cover tax withholding for vested RSUs; he now directly owns 322,737 shares.
  • Serve reported Q4 2025 revenue of $0.9 million (400% year-over-year growth) and full-year revenue of $2.7 million, above its $2.5 million guidance, but posted EPS of -$0.34.
  • Operational momentum cited includes over 1,000 robot deployments in Q4 and a 75.3% increase in daily active robots from Q3 to Q4; analysts adjusted price targets while keeping positive ratings.

Serve Robotics Inc. (NASDAQ: SERV) said its Chief Financial Officer, Brian Read, sold 200 shares of the company’s common stock on April 8, 2026. The shares were sold at $8.62 apiece, generating proceeds of $1,723. According to the filing, the sale was made to cover tax withholding obligations associated with the settlement of vested restricted stock units (RSUs).

Following this transaction, Read directly holds 322,737 shares of Serve Robotics. At the time of the report, shares of the company were trading at $8.09, a level the filing notes comes amid substantial volatility and roughly a 53% decline over the prior six months.


Separately, Serve Robotics disclosed its operating results for the fourth quarter of fiscal 2025, reporting revenue of $0.9 million for the quarter - a 400% increase year-over-year. For the full fiscal year, the company recorded revenue of $2.7 million, exceeding its previously stated guidance of $2.5 million.

Despite the revenue gains, Serve reported a negative earnings per share figure of -$0.34. The company’s operational updates also highlight growth in robot deployments: more than 1,000 robots were deployed during the fourth quarter, bringing the fiscal 2025 total to approximately 2,000 robots. In addition, daily active robots rose 75.3% from the third quarter to the fourth quarter.

Market analysts have reacted to the company’s results and operational progress with a range of revisions to price targets while maintaining generally favorable ratings. Freedom Capital Markets increased its price target to $18 and kept a Buy rating. Cantor Fitzgerald lowered its price target to $16 but maintained an Overweight rating. Oppenheimer reiterated an Outperform rating with a $20 price target, citing improved bot utilization and integration with Diligent Robotics as supporting factors for its view.

The insider sale reported by the company was explicitly tied to tax obligations on vested RSUs. The transaction size - 200 shares for $1,723 - is disclosed alongside Read’s remaining direct ownership stake. The company’s quarter- and year-end revenue figures, EPS, deployment totals and analyst reactions were also included in the filings and company statements.

Risks

  • Significant share-price volatility - the stock traded at $8.09 and is down roughly 53% over the past six months, which may affect investor sentiment and liquidity.
  • Ongoing unprofitability - the company reported negative earnings per share of -$0.34 despite revenue growth, underscoring persistent profitability challenges.
  • Divergent analyst price targets - analysts have revised targets in different directions (from $16 to $20) which reflects varied views on execution and valuation.

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