Form 4: Serve Robotics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Euan Abraham, Chief Hardware & Manufacturing Officer of Serve Robotics, sold 205 shares of common stock to cover tax obligations related to vested RSUs.
Summary
- Euan Abraham, Chief Hardware & Manufacturing Officer of Serve Robotics Inc., reported a transaction involving the sale of company stock.
- On December 18, 2024, Abraham sold 205 shares of common stock at a price of $16.0701 per share.
- The sale was executed to satisfy tax withholding obligations related to the acquisition of shares from the settlement of vested Restricted Stock Units (RSUs).
- Following the transaction, Abraham directly owns 150,818 shares of Serve Robotics Inc.
- Abraham has also granted a Power of Attorney to Evan Dunn, Ali Kashani, and Touraj Parang to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who have stock-based compensation. The sale is related to tax obligations, which is a typical occurrence when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of stock sale transaction. |
| 12/20/2024 | Date of signature for the report and Power of Attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.