IonQ CRO Alameddine Rima sells $4.6m in shares
Serve Robotics Inc. (NASDAQ:SERV) Chief Hardware & Mftg Offcr Euan Abraham sold 25,000 shares of common stock at a price of $14.99 on September 19, 2025. The total value of the sale amounted to $374,750.
According to a Form 4 filing with the Securities and Exchange Commission, the sale was executed pursuant to a Rule 10b5-1 sales plan adopted on June 2, 2025. Following the transaction, Abraham directly owns 227,019 shares of Serve Robotics Inc. The stock is currently trading at $13.75, significantly above its 52-week low of $4.66.
On the same day, Abraham exercised options to acquire 25,000 shares of Serve Robotics’ common stock at a price of $0.4854, for a total value of $12,135. These options were received in connection with Serve Robotics’ merger with Legacy Serve, and the transaction increased Abraham’s direct ownership to 252,019 shares. The exercised stock options, initially granted for shares of Legacy Serve common stock at $0.39 per share, stem from a merger agreement dating back to July 31, 2023. Following the transaction, Abraham directly owns 75,875 stock options. These options vest over time, subject to continued employment. For deeper insights into SERV’s valuation and 15 additional key investment tips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Serve Robotics has announced the acquisition of Voysys AB, a Swedish company known for its ultra-low latency video streaming and connectivity technology, for approximately $5.75 million. This acquisition is expected to enhance Serve Robotics’ technology stack, which supports the deployment of its autonomous delivery robots. Furthermore, Cantor Fitzgerald has reiterated its Overweight rating on Serve Robotics, maintaining a price target of $17.00. The firm cited the company’s strategic partnerships and compelling unit economics as factors for its positive outlook. Additionally, Serve Robotics plans to expand its fleet, having deployed 120 robots in the second quarter, with a total fleet size expected to reach 2,000 units by the end of the year. Analyst Daniel Ives from Wedbush initiated coverage of Serve Robotics with an Outperform rating and a $15 price target. Ives noted the company’s strong position in the AI-driven last-mile delivery market. These developments highlight Serve Robotics’ ongoing efforts to strengthen its technological capabilities and expand its market presence.
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