Parang Touraj 4
4 · Serve Robotics Inc. /DE/ · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Serve Robotics (SERV) President & COO Parang Touraj Sells 3,922 Shares
What Happened
Parang Touraj, President & COO and a director of Serve Robotics, reported a sale of 3,922 shares of SERV common stock on 2026-03-10 at $9.72 per share, producing proceeds of $38,122. The filing lists the transaction as an open market or private sale and the footnote indicates the shares were sold to satisfy tax withholding related to vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-03-10; filing date: 2026-03-11 (filed timely).
- Shares sold: 3,922 at $9.72 per share; total proceeds $38,122.
- Transaction code: S (Sale). Footnote F1: sale to satisfy tax withholding on RSU settlement.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
Sales to cover tax withholding for vested equity are common and typically routine; they do not necessarily indicate a change in insider sentiment. This was a sale tied to RSU tax obligations (a cashless/tax-withholding disposition), not a disclosed open-market accumulation.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-10$9.72/sh−3,922$38,122→ 1,316,205 total
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.