Form 4: Serve Robotics Inc. Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Touraj Parang, President & COO of Serve Robotics Inc., sold 248 shares of common stock on December 18, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- On December 18, 2024, Touraj Parang, the President & COO of Serve Robotics Inc., sold 248 shares of the company's common stock.
- The sale was executed at a price of $15.9242 per share.
- This transaction was conducted to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs).
- Following the transaction, Parang directly owns 1,163,191 shares of Serve Robotics Inc.
- Parang has also granted a Power of Attorney to Evan Dunn and Ali Kashani to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (selling shares to cover taxes) and doesn't indicate any positive or negative sentiment towards the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of the stock sale transaction. |
| 12/20/2024 | Date of Power of Attorney execution. |
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