Serve Robotics COO makes small tax-related share sale, keeps major holding

Rhea-AI Filing Summary

Serve Robotics Inc. (SERV) filed a Form 4 on 08/06/2025 disclosing that President & COO and director Touraj Parang sold 5,565 shares of common stock on 08/05/2025 at $10.64 per share. The transaction was coded “S” (open-market sale) and is explicitly described as a sale to satisfy tax-withholding obligations linked to recently vested RSUs. No derivative securities were involved.

Following the sale, Parang’s direct ownership stands at 1,419,106 shares, implying the disposal represents roughly 0.4 % of his stake. There were no additional acquisitions, option exercises, or indications of a 10b5-1 trading plan. The filing is routine and does not alter control dynamics at the company.

Positive

• Executive retains 1,419,106 shares, demonstrating continued commitment and alignment with shareholders.

Negative

• Insider sale, even if minimal, could be perceived as a short-term negative signal by some investors.

Insights

Securities Analyst

TL;DR: Small, tax-related insider sale; negligible impact on ownership or valuation.

The 5,565-share sale equals about 0.4% of Parang’s holdings and less than 0.02% of SERV’s ~26 M basic shares outstanding. Such tax-withholding sales are common after RSU vesting, so the transaction offers limited informational value about management’s outlook. Parang still owns over 1.4 M shares, maintaining strong alignment with shareholders. I view the filing as neutral for the stock.

Corporate Governance Specialist

TL;DR: Governance-neutral; disclosure is clear, motive is routine.

The filing satisfies Section 16 requirements, cites tax-withholding as the motive, and shows continued significant insider ownership. No red flags such as undisclosed derivatives or large percentage divestitures appear. Therefore, from a governance risk perspective, the event is not material.

Insider Trade Summary

Net Seller: 5,565 shares

Net Sell 1 txn

Insider Parang Touraj

Role President & COO

Sold 5,565 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,565	$10.64	$59K

Holdings After Transaction: Common Stock — 1,419,106 shares (Direct)

Footnotes (1)

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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/06/2025 - 05:53 PM Learn about SEC filing dates

FAQ

How many SERV shares did the President & COO sell?

He sold 5,565 shares on 08/05/2025.

At what price were the shares sold?

The reported sale price was $10.64 per share.

How many SERV shares does Touraj Parang own after the sale?

His direct ownership is 1,419,106 shares following the transaction.

Why were the shares sold?

The shares were sold to cover tax withholding obligations related to RSU vesting.

Were any derivative securities involved in this Form 4?

No. The table for derivative securities shows no transactions reported.

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)
08/05/2025

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	08/05/2025		S		5,565(1)	D	$10.64	1,419,106	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.

Remarks:

	/s/ Jongmin Char, as attorney-in-fact for Touraj Parang	08/06/2025
	** 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.