Serve Robotics (SERV) President & COO sells shares to cover RSU tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Serve Robotics Inc. director and President & COO Touraj Parang reported sales of company common stock tied to tax obligations from vested restricted stock units. On May 6 and 7, 2026, he disposed of a total of 9,881 shares at prices around $9.26–$9.29 per share to satisfy tax withholding requirements. Following these transactions, he continued to hold approximately 1,302,463 shares of Serve Robotics common stock directly.

Insider Trade Summary

Net Seller: 9,881 shares ($91,678)

Net Sell 2 txns

Insider Parang Touraj

Role President & COO

Sold 9,881 shs ($92K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,888	$9.26	$36K
Sale	Common Stock	5,993	$9.29	$56K

Holdings After Transaction: Common Stock — 1,302,463 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 9,881 shares Sale price May 6: $9.29/share Sale price May 7: $9.26/share +2 more

5 metrics

Shares sold 9,881 shares Total common stock sold on May 6–7, 2026

Sale price May 6 $9.29/share Open-market sale on May 6, 2026

Sale price May 7 $9.26/share Open-market sale on May 7, 2026

Shares held after May 7 1,302,463 shares Direct ownership following the final reported sale

Net share change -9,881 shares Net-sell direction per transaction summary

Key Terms

restricted stock unit, tax withholding obligations, vested portion of RSUs, open-market sale

4 terms

restricted stock unit financial

"in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax withholding obligations financial

"shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares"

vested portion of RSUs financial

"in connection with the settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 05:40 PM

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.

730 BROADWAY

(Street)

REDWOOD CITY

CALIFORNIA

94063

(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)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		S		5,993⁽¹⁾	D	$9.29	1,306,351	D
Common Stock	05/07/2026		S		3,888⁽¹⁾	D	$9.26	1,302,463	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	05/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SERV executive Touraj Parang report?

Touraj Parang reported selling 9,881 shares of Serve Robotics common stock in two transactions. These occurred on May 6 and May 7, 2026, and were specifically made to satisfy tax withholding obligations related to vested restricted stock units he received as compensation.

At what prices were the SERV shares sold by Touraj Parang?

The reported sales were executed at prices of $9.29 and $9.26 per share. These transactions reflect open-market sales used to cover tax withholding from the settlement of vested RSUs, rather than discretionary portfolio trades, according to the disclosed footnote explanation.

How many SERV shares does Touraj Parang hold after these transactions?

After the reported tax-related sales, Touraj Parang directly holds 1,302,463 shares of Serve Robotics common stock. This post-transaction holding level, disclosed in the Form 4, shows he retains a substantial equity position in the company following the RSU-related dispositions.

Why did SERV executive Touraj Parang sell shares according to the filing?

The filing states the shares were sold to satisfy tax withholding obligations arising from the acquisition of common stock upon settlement of vested RSUs. This means the transactions were connected to compensation-related equity vesting rather than independent investment or liquidity decisions.

What is Touraj Parang’s role at Serve Robotics Inc. (SERV)?

According to the Form 4, Touraj Parang is a director and also serves as President & COO of Serve Robotics Inc. His reported transactions involve company common stock acquired through compensation programs, specifically restricted stock units that vested and triggered related tax obligations.