Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Serve Robotics (NASDAQ:SERV) Chief Software (ETR:SOWGn) & Data Officer Anthony Armenta sold 2,915 shares of common stock on August 5, 2025, at a price of $10.68. The total value of the sale amounted to $31,132.
Following the transaction, Armenta directly owns 612,664 shares of Serve Robotics Inc.
The sale was executed to cover tax withholding obligations related to the settlement of vested restricted stock units (RSUs).
In other recent news, Serve Robotics Inc. reported a notable revenue increase for the first quarter of 2025, with a 150% sequential growth reaching $440,000. Despite this revenue surge, the company faced a larger-than-expected loss, with earnings per share reported at -$0.16. This financial performance fell short of market expectations, influencing investor sentiment. Additionally, Serve Robotics has expanded its autonomous sidewalk delivery service to the Atlanta metro area. This expansion marks its fourth major market, following Los Angeles, Miami, and Dallas-Fort Worth, as part of its partnership with Uber (NYSE:UBER) Eats. The company has also announced a collaboration with Little Caesars (NASDAQ:CZR) to offer robot delivery in Los Angeles. Serve’s robots are now operational in various Atlanta neighborhoods, serving over 50,000 residents and integrating with local restaurants. The national delivery partnership with Shake Shack (NYSE:SHAK) will extend to Atlanta, further broadening Serve’s market reach.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.