Serve Robotics (SERV) executive sells 3,922 shares to cover RSU taxes

Rhea-AI Filing Summary

Serve Robotics Inc. director and President & COO Touraj Parang reported an open-market sale of 3,922 shares of common stock at $9.72 per share. According to the footnote, these shares were sold to satisfy tax withholding obligations arising from vested restricted stock units. After the transaction, Parang still directly holds 1,316,205 shares, so the sale represents a very small portion of his overall position and reflects a compensation-related tax event rather than a discretionary reduction in ownership.

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

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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.

730 BROADWAY

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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

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

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	03/10/2026		S		3,922(1)	D	$9.72	1,316,205	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. 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	03/11/2026
	** 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).
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FAQ

What insider transaction did Serve Robotics (SERV) report for Touraj Parang?

Serve Robotics reported that director and President & COO Touraj Parang sold 3,922 shares of common stock at $9.72 per share. The filing states the sale was specifically to cover tax withholding obligations tied to vested restricted stock units.

Why did Touraj Parang sell Serve Robotics (SERV) shares in this Form 4?

The Form 4 notes Parang’s 3,922-share sale was executed to satisfy tax withholding obligations. These obligations arose from acquiring Serve Robotics common stock upon settlement of vested restricted stock units under a restricted stock unit agreement with the company.

How many Serve Robotics (SERV) shares does Touraj Parang hold after the reported sale?

After the reported transaction, Touraj Parang directly holds 1,316,205 shares of Serve Robotics common stock. This indicates the 3,922 shares sold for tax withholding represent a very small fraction of his total reported direct holdings in the company.

Was the Serve Robotics (SERV) insider transaction an open-market sale?

Yes. The Form 4 classifies the transaction with code “S,” described as a sale in an open market or private transaction. Despite this classification, the footnote clarifies the sale’s purpose was solely to cover tax withholding obligations related to vested restricted stock units.

What role does Touraj Parang hold at Serve Robotics (SERV)?

The filing identifies Touraj Parang as both a director and an officer of Serve Robotics, serving as President & COO. His position means his equity transactions are reportable and can provide context on compensation-related stock activity within the company’s leadership team.

Does the Serve Robotics (SERV) Form 4 suggest a major change in insider ownership?

The reported sale of 3,922 shares appears minor compared with Parang’s 1,316,205 shares held afterward. The filing explains the sale was to cover tax withholding from RSU settlement, suggesting a routine compensation-related event rather than a significant change in insider ownership.