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.