Serve Robotics (SERV) CEO sells shares to cover RSU taxes
Rhea-AI Filing Summary
Serve Robotics Inc. (SERV) reported that Chief Executive Officer and director Ali Kashani sold 45,158 shares of common stock on 2026-08-18 at $4.56 per share. According to the company’s disclosure, these shares were sold to satisfy tax withholding obligations arising from the settlement of vested restricted stock units. After this transaction, Kashani directly holds 3,232,933 shares of common stock and indirectly holds an additional 16,070 shares through his spouse.
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Insights
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Insider Trade Summary
Net Seller: 45,158 shares
Net Sell
2 txns
Insider
Kashani Ali
Role
Chief Executive Officer
Sold
45,158 shs ($206K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 45,158 | $4.56 | $206K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,232,933 shares (Direct);
Common Stock — 16,070 shares (Indirect, By Spouse)
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.
Key Figures
Shares sold: 45,158 shares
Sale price per share: $4.56 per share
Direct holdings after transaction: 3,232,933 shares
+2 more
5 metrics
Shares sold
45,158 shares
Common stock sold on 2026-08-18 to satisfy tax withholding obligations
Sale price per share
$4.56 per share
Price for the 45,158 common shares sold on 2026-08-18
Direct holdings after transaction
3,232,933 shares
Common stock directly owned by Ali Kashani after the reported sale
Indirect holdings after transaction
16,070 shares
Common stock indirectly owned by Ali Kashani through his spouse
Net shares sold in filing
45,158 shares
Net sell volume across all reported non-derivative transactions
Key Terms
restricted stock unit, RSUs, tax withholding obligations, indirect, +1 more
5 terms
restricted stock unit financial
"relating to the acquisition of shares ... in connection with the settlement of the vested portion of RSUs"
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.
RSUs financial
"settlement of the vested portion of RSUs pursuant to provisions of a restricted stock unit agreement"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"shares ... sold to satisfy tax withholding obligations relating to the acquisition of shares"
indirect financial
"total_shares_following_transaction 16070.0000 ... ownership_type indirect ... nature_of_ownership By Spouse"
restricted stock unit agreement financial
"pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person"
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
What insider transaction did SERV CEO Ali Kashani report on this Form 4?
Ali Kashani reported a sale of 45,158 shares of Serve Robotics common stock on 2026-08-18 at $4.56 per share. The sale was disclosed as being to cover tax withholding obligations from vested RSUs.
What type of security is involved in the SERV Form 4 transaction?
The transaction involves Serve Robotics common stock. Shares were sold to cover tax withholding obligations tied to the settlement of vested restricted stock units (RSUs) under a restricted stock unit agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
