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Serve Robotics Inc. /DE/·4

Apr 9, 5:09 PM ET

Parang Touraj 4

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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.