Parang Touraj 4
4 · Serve Robotics Inc. /DE/ · Filed May 8, 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), sold a total of 9,881 shares in two open-market/private-sale transactions. On 2026-05-06 he disposed of 5,993 shares at $9.29 each ($55,675), and on 2026-05-07 he disposed of 3,888 shares at $9.26 each ($36,003), for combined proceeds of approximately $91,678. The filing notes these sales were to satisfy tax withholding obligations related to the settlement of vested RSUs.
Key Details
- Transactions: Sales (code S) on 2026-05-06 (5,993 sh @ $9.29 = $55,675) and 2026-05-07 (3,888 sh @ $9.26 = $36,003) — total 9,881 shares, ~$91,678.
- Footnote: F1 — shares sold to satisfy tax withholding on vested restricted stock units (RSUs).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing: Form 4 filed 2026-05-08 (within the typical two-business-day reporting window).
Context
These sales were tax-withholding dispositions tied to RSU settlement, a routine corporate administrative action that does not necessarily signal insider views on company prospects. For retail investors, purchases by insiders generally carry clearer bullish signals than routine sales for tax or withholding purposes.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-06$9.29/sh−5,993$55,675→ 1,306,351 total - Sale
Common Stock
[F1]2026-05-07$9.26/sh−3,888$36,003→ 1,302,463 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.