Parang Touraj 4
4 · Serve Robotics Inc. /DE/ · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Serve Robotics (SERV) President & COO Touraj Parang Sells Shares
What Happened Touraj Parang, President & COO and a Director of Serve Robotics (SERV), reported the sale of 3,861 shares of common stock on 2026-04-08 at $8.62 per share, for a total of $33,282. The Form 4 indicates this disposition was to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-04-08; filing date (Form 4): 2026-04-09 (Accession: 0001983441-26-000010).
- Transaction type/code: Sale (S) — reported as "open market or private sale."
- Price: $8.62 per share; Total proceeds: $33,282.
- Footnote: F1 — shares were sold to satisfy tax withholding on vested RSUs.
- Shares owned after the transaction: Not disclosed in the supplied filing.
- Timeliness: Filing appears timely (reported the next day); not marked late.
Context This was a tax-withholding sale tied to RSU settlement, a common administrative transaction that does not necessarily signal the officer’s view on the company’s prospects. Purchases typically carry more weight as bullish signals; routine withholding sales are generally neutral from an investment- sentiment standpoint.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-08$8.62/sh−3,861$33,282→ 1,312,344 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.