Parang Touraj 4

What Happened

• Parang Touraj, President & COO and a director of Serve Robotics (SERV), reported a sale of 3,558 common shares on 2026-02-11. The shares were disposed at $10.17 each for a total of $36,185. The filing indicates the sale was to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs).

Key Details

• Transaction date: 2026-02-11; Filing date: 2026-02-12 (timely, next-day filing).
• Transaction type/code: Sale (S) — described as open market or private sale.
• Price and value: 3,558 shares × $10.17 = $36,185.
• Footnote: F1 — sale made to satisfy tax withholding obligations on vested RSUs.
• Shares owned after transaction: Not specified in the provided filing summary.
• No 10b5-1 plan or late-filing indication noted in the filing.

Context

• The sale was executed to cover tax withholding tied to vested RSUs, a common and routine reason insiders sell shares that does not necessarily indicate a change in their view of the company. Retail investors typically treat such tax-withholding disposals differently from discretionary sales intended to raise cash or rebalance holdings.