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SERV Director Touraj Parang disposes 4,825 shares to cover taxes

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Serve Robotics director and President & COO Touraj Parang reported a sale of 4,825 shares of common stock on 10/07/2025 at a weighted average price of $15.25 (sales ranged $15.25–$15.26). The filing states the shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units. After the transaction, the reporting person beneficially owned 1,360,591 shares directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

  • None.

Negative

  • Insider sale of 4,825 shares was executed, reducing direct holdings to 1,360,591 shares

Insights

Insider sold a small number of shares to cover taxes following RSU vesting.

The transaction is described as a tax-withholding sale tied to the settlement of vested restricted stock units, which is a common, non-discretionary reason for insider sales. The sale involved 4,825 shares at a weighted average price of $15.25, with prices ranging to $15.26.

The remaining direct beneficial ownership of 1,360,591 shares retains the reporting person as a significant shareholder in the near term; monitor future Form 4 filings for any pattern of open-market disposals beyond tax-related sales over the next 12 months.

Insider Parang Touraj
Role President & COO
Sold 4,825 shs ($74K)
Type Security Shares Price Value
Sale Common Stock 4,825 $15.25 $74K
Holdings After Transaction: Common Stock — 1,360,591 shares (Direct)
Footnotes (1)
  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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.25 to $15.26, 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.
Form 4 Insider Transactions: What Each Field Means →
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 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)
10/07/2025
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 10/07/2025 S 4,825(1) D $15.25(2) 1,360,591 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.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.25 to $15.26, 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.
Remarks:
/s/ Jongmin Char, as attorney-in-fact for Touraj Parang 10/07/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Serve Robotics (SERV) insider Touraj Parang sell on 10/07/2025?

The insider sold 4,825 shares of common stock at a weighted average price of $15.25 on 10/07/2025.

Why were the shares sold according to the Form 4 for SERV?

The Form 4 states the shares were sold to satisfy tax withholding obligations related to the settlement of vested restricted stock units.

How many SERV shares does Touraj Parang own after the reported transaction?

After the sale, the reporting person beneficially owned 1,360,591 shares of Serve Robotics common stock.

Was the sale price a single trade or multiple trades?

The filing notes the sale occurred in multiple transactions at prices ranging from $15.25 to $15.26, with a weighted average of $15.25.

Who signed the Form 4 for Touraj Parang?

The Form 4 was signed by Jongmin Char, as attorney-in-fact for Touraj Parang on 10/07/2025.