Parang Touraj 4
4 · Serve Robotics Inc. /DE/ · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Serve Robotics (SERV) President & COO Parang Touraj Sells 4,219 Shares
What Happened
Parang Touraj, President & COO and a director of Serve Robotics (SERV), disposed of 4,219 shares of common stock in a sale on 2026-06-10 at $7.24 per share, for proceeds of $30,546. The filing indicates the sale was to satisfy tax withholding obligations tied to the settlement of vested restricted stock units (RSUs).
Key Details
- Transaction date and price: 2026-06-10, sale at $7.24 per share.
- Shares sold: 4,219; total proceeds: $30,546.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: The sale represents shares sold to satisfy tax withholding for vested RSUs (Footnote F1).
- Filing date: 2026-06-11; filed within the typical two-business-day Form 4 deadline.
Context
This was a tax-withholding sale related to the settlement of vested RSUs (a routine administrative transaction), not an open-market investment decision. Such sales are common when employers or insiders sell some shares automatically to cover payroll tax withholding and do not necessarily reflect the insider’s view of the company’s prospects.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-10$7.24/sh−4,219$30,546→ 1,298,244 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.