The move came after the company released its latest quarterly earnings report, which revealed disappointing results. The company reported net earnings of $8.5 million, down 71.2% from the same period in 2022. Revenue declined by 25.5% year-over-year. delivered 19,100 robots to customers in Q4 2022. delivered 1,600 robots in Q4 2021. also reported that its gross margin percentage declined to 31.1% in Q4 2022, compared to 36.1% in Q4 2021.

The sale of the CEO’s shares is a significant event that can have a substantial impact on the company’s stock price and overall performance.

Key Players in the Market

Blue Trust Inc. is a significant player in the market, and its recent investment in Serve Robotics is a notable example of the growing interest in the company.

and was renamed to Serve Robotics Inc.

Further details on this topic will be provided shortly.