Form 4: Serve Robotics COO Sells Shares for Tax Obligations

Serve Robotics' President & COO, Touraj Parang, sold 11,300 shares of common stock in December 2025, with a portion used to cover tax withholding from RSU vesting.

Summary

• Touraj Parang, President & COO and a Director of Serve Robotics Inc. (SERV), reported changes in beneficial ownership.
• On December 11, 2025, Parang sold 6,300 shares of common stock at a price of $11.87 per share.
• This sale was specifically to satisfy tax withholding obligations related to the acquisition of shares from the settlement of vested Restricted Stock Units (RSUs).
• On December 12, 2025, Parang sold an additional 5,000 shares of common stock at a price of $13.07 per share.
• Following these transactions, Parang directly beneficially owns 1,333,691 shares of common stock.
• The transactions were made pursuant to a Rule 10b5-1 pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale to cover tax obligations from RSU vesting, which is a neutral event and does not reflect a change in management's outlook or company performance. The additional sale of 5,000 shares is also a common occurrence under a 10b5-1 plan.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. Insider sales for tax withholding are common in companies where executives receive equity compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine transaction for tax purposes related to equity compensation and a pre-arranged trading plan.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Serve Robotics, SERV, Touraj Parang, Insider Transaction, Form 4, Stock Sale, RSU Vesting, Tax Withholding, Corporate Officer