Touraj Parang, President and Chief Operating Officer of Serve Robotics Inc., filed a statement of changes in beneficial ownership on August 19, 2026, reporting two sales of common stock on August 18, 2026.

Key Highlights

  • First sale: Parang disposed of 18,183 shares of Serve Robotics common stock at a weighted average price of $4.53, with individual transactions ranging from $4.52 to $4.54.
  • Second sale: An additional 19,810 shares were sold at $4.56 to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs).
  • Post-transaction ownership: After both sales, Parang directly held 1,260,251 shares of Serve Robotics common stock.
  • Reporting person role: Parang is identified in the filing as both a Director and an Officer, serving as President and COO of Serve Robotics Inc.
  • Filing signed: The document was signed by Jongmin Char as attorney-in-fact for Touraj Parang on August 19, 2026.

Parang's Share Sales and RSU Settlement at Serve Robotics

According to the filing, Touraj Parang executed two separate dispositions of Serve Robotics Inc. common stock on August 18, 2026. The first transaction involved the sale of 18,183 shares at a weighted average price of $4.53. The filing notes that these shares were sold in multiple transactions at prices ranging from $4.52 to $4.54, inclusive, and that full pricing detail is available upon request to the issuer, any security holder, or SEC staff.

The second transaction, covering 19,810 shares at $4.56 per share, is described in the filing as representing shares sold to satisfy tax withholding obligations. Specifically, the filing states these were 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." Following both transactions, Parang's direct beneficial ownership stood at 1,260,251 shares, down from 1,280,061 shares recorded after the first sale.

Serve Robotics Inc., traded on NASDAQ:SERV, is a Delaware-incorporated company focused on robotic delivery technology. Parang's dual role as President and COO places him among the issuer's senior executive leadership. No derivative securities transactions were reported in this filing, and the ownership reported is entirely direct with no indirect holdings disclosed.

What Was Disclosed

The filing reported two dispositions of Serve Robotics common stock by President and COO Touraj Parang on August 18, 2026, totaling 37,993 shares sold across both transactions, with the second sale specifically tied to RSU-related tax withholding obligations.