Serve Robotics COO Parang sells 37,993 shares

Serve Robotics Inc. (SERV) director and President & COO Touraj Parang reported two open-market sales of Common Stock on August 18, 2026 totaling 37,993 shares.

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) director and President & COO Touraj Parang reported two open-market sales of Common Stock on August 18, 2026 totaling 37,993 shares. One sale covered 18,183 shares at a weighted average price of $4.53 per share, with trade prices ranging from $4.52 to $4.54. A second sale of 19,810 shares at $4.56 per share was executed to satisfy tax withholding obligations arising from the settlement of vested RSUs.

Insider Trade Summary

Net Seller: 37,993 shares

Net Sell 2 txns

Insider Parang Touraj

Role President & COO

Sold 37,993 shs ($173K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	18,183	$4.53	$82K
Sale	Common Stock F2	19,810	$4.56	$90K

Holdings After Transaction: Common Stock — 1,260,251 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.52 to $4.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. F2. Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.

Key Figures

Shares sold (first transaction): 18,183 shares Weighted average sale price: $4.53 per share Price range (first transaction): $4.52 to $4.54 per share +3 more

6 metrics

Shares sold (first transaction) 18,183 shares Common Stock sale on August 18, 2026 at weighted average price

Weighted average sale price $4.53 per share First sale; individual trades ranged from $4.52 to $4.54

Price range (first transaction) $4.52 to $4.54 per share Range of prices for shares included in the weighted average

Shares sold for tax withholding 19,810 shares Second sale on August 18, 2026 to satisfy tax withholding on RSUs

Sale price (tax withholding transaction) $4.56 per share Per-share price for the 19,810-share sale

Total shares sold 37,993 shares Net shares sold across both reported transactions

Key Terms

weighted average price, tax withholding obligations, restricted stock unit agreement

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

tax withholding obligations financial

"shares ... sold to satisfy tax withholding obligations relating to the acquisition"

restricted stock unit agreement financial

"pursuant to provisions of a restricted stock unit agreement by and between the Issuer"

A restricted stock unit agreement is a written contract between a company and an individual that describes a promise to deliver company shares or cash later, subject to conditions such as time-based vesting or performance targets. Think of it like a timed gift: the recipient only receives the shares if they meet the agreed conditions. Investors care because these agreements create future share issuance, affect potential dilution, corporate expenses and incentives for insiders, and influence when insiders may sell shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SERV report for Touraj Parang on August 18, 2026?

Touraj Parang reported two sales totaling 37,993 SERV shares on August 18, 2026. One involved 18,183 shares and the other 19,810 shares, both in Common Stock held directly.

At what prices were the SERV (Serve Robotics Inc.) shares sold in this Form 4?

The first SERV sale used a weighted average price of $4.53 per share, with trades from $4.52 to $4.54. The second sale of 19,810 shares occurred at $4.56 per share.

Why did Touraj Parang sell 19,810 SERV shares according to the Form 4?

The sale of 19,810 SERV shares was made to satisfy tax withholding obligations related to the settlement of vested RSUs. The shares were sold pursuant to provisions of a restricted stock unit agreement with Serve Robotics Inc.

How many SERV shares did Touraj Parang sell in total in this filing?

In this Form 4, Touraj Parang reported total sales of 37,993 SERV Common Stock shares. This consists of 18,183 shares in one weighted-average transaction and 19,810 shares in a second tax-withholding-related sale.

Were the August 18, 2026 SERV insider sales under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as a plan transaction. There is no footnote stating these SERV sales were executed under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/19/2026 - 05:47 PM Accepted by SEC EDGAR 08/19/2026 - 05:46 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Parang Touraj

(Last) (First) (Middle)

C/O SERVE ROBOTICS INC.

1360 BAYPORT AVENUE

(Street)

SAN CARLOS CALIFORNIA 94070

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Serve Robotics Inc. /DE/ [ SERV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/18/2026		S		18,183	D	$4.53(1)	1,280,061	D
Common Stock	08/18/2026		S		19,810(2)	D	$4.56	1,260,251	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.52 to $4.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Touraj Parang	08/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)