Serve Robotics (SERV) officer sells shares for tax withholding
Rhea-AI Filing Summary
Serve Robotics Inc. executive reports small share sale tied to taxes. President and COO Touraj Parang, who is also a director of Serve Robotics Inc. (SERV), reported selling 4,008 shares of common stock on January 8, 2026 at a price of $14.3 per share. According to the footnote, these shares were sold solely to satisfy tax withholding obligations arising from the settlement of vested restricted stock units (RSUs) under a restricted stock unit agreement between Parang and the company. After this transaction, he directly beneficially owned 1,329,683 shares of Serve Robotics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,008 | $14.30 | $57K |
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SERV executive Touraj Parang report?
Touraj Parang, President, COO and director of Serve Robotics Inc. (SERV), reported a sale of 4,008 shares of common stock in a Form 4 filing.
What is Touraj Parang’s relationship to Serve Robotics Inc.?
According to the filing, Touraj Parang is both a director and an officer of Serve Robotics Inc., serving as President & Chief Operating Officer.
Was this SERV insider transaction reported as a direct or indirect holding?
The Form 4 identifies the 4,008-share sale and the 1,329,683 shares held after the transaction as direct (D) ownership by Touraj Parang.