[Form 4] Serve Robotics Inc. Insider Trading Activity

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) – Form 4 filing

President & COO and Director Touraj Parang reported the acquisition of 264,022 Class A common shares on 22 Jul 2025. The shares were received at $0 cost through a time-based restricted stock unit (RSU) award. The RSUs will vest 1/16th on 1 Aug 2025 and 1/16th quarterly thereafter, subject to continued service. After the grant, Parang’s direct beneficial ownership rose to 1,424,671 shares. No derivative transactions, sales, or option exercises were disclosed.

Positive

• 264,022-share RSU grant increases insider ownership to 1,424,671 shares, signalling continued alignment with shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine compensation grant; mildly positive signal of insider alignment.

The RSU award increases the executive’s stake without cash outlay, suggesting management incentives remain equity-based. While the 264k-share grant enlarges outstanding share count minimally, it adds to insider alignment and does not involve open-market buying or selling. Impact on valuation is negligible, so the event is best viewed as neutral-to-slightly positive for governance.

Corporate Governance Specialist

TL;DR: Standard equity compensation; enhances retention, limited market impact.

The quarterly vesting schedule promotes long-term service and aligns Parang’s interests with shareholders. No red flags appear: the award follows common practice, includes no accelerated vesting, and discloses a power of attorney for filing accuracy. Given the absence of sales, the filing does not indicate negative sentiment. Overall governance impact is neutral.

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).

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)
07/22/2025

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	07/22/2025		A		264,022(1)	A	$0	1,424,671	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 Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 1/16th of the total number of shares on August 1, 2025 and 1/16th of the total number of shares on the same day of each quarter thereafter, subject to the Reporting Person's continuous service status through each vesting date.

Remarks:

Exhibit 24.1: Power of Attorney

	/s/ Jongmin Char, as attorney-in-fact for Touraj Parang	07/23/2025
	** 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.

FAQ

How many SERV shares did President & COO Touraj Parang acquire on 22 July 2025?

He acquired 264,022 shares of Class A common stock via an RSU grant.

What type of equity award was granted to Touraj Parang?

The filing reports a time-based restricted stock unit (RSU) award.

When will the RSUs granted to Touraj Parang vest?

They vest 1/16th on 1 Aug 2025 and 1/16th each quarter thereafter, conditional on continued service.

What is Parang’s total SERV share ownership after the transaction?

He now beneficially owns 1,424,671 shares directly.

Did the Form 4 disclose any stock sales or option exercises?

No. The filing only reports an acquisition of RSU shares; no sales or derivative exercises were listed.