Serve Robotics (SERV) President & COO Parang Touraj Sells 37,993 Shares

What Happened

• Parang Touraj, President & COO and a Director of Serve Robotics (SERV), sold a total of 37,993 shares on 2026-08-18 in two transactions. He disposed of 18,183 shares for $82,369 (reported price $4.53) and 19,810 shares for $90,334 (reported price $4.56), for total proceeds of $172,703. These were sales (S) conducted as open market or private sales; at least some shares were sold to satisfy tax withholding on vested RSUs.

Key Details

• Transaction dates: 2026-08-18; Filing date: 2026-08-19 (filed the next day; appears timely under Form 4 rules).
• Prices and amounts: 18,183 shares at $4.53 (reported; weighted-average for multiple trades in the $4.52–$4.54 range per footnote), and 19,810 shares at $4.56.
• Total disposed: 37,993 shares for ~$172,703.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 explains a weighted-average price and that shares were sold in multiple transactions at prices between $4.52 and $4.54; F2 states some shares were sold to satisfy tax-withholding obligations related to the settlement of vested RSUs.
• Transaction code: S = Sale; F (tax withholding) noted.

Context

• Sales to cover tax withholding on vested restricted stock units (RSUs) are routine and do not necessarily indicate a change in the insider’s view of the company. This filing documents dispositions rather than purchases; investors typically view purchases as stronger signals of insider confidence.