[Form 4] ServiceTitan, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. Chief Executive Officer Ara Mahdessian reported a small set of equity moves involving Class A and Class B Common Stock. He converted 2,289 shares of Class B Common Stock into the same number of Class A shares at an exercise price of $0.00.
On the same date, he sold a combined 2,288.5 Class A shares in multiple open-market transactions at a weighted average price of $69.86 per share. A footnote explains these sales were required to cover tax withholding tied to restricted stock unit vesting and were not discretionary trades.
Following the transactions, he directly holds 3,281,355 shares of Class B Common Stock and a small residual Class A position, plus indirect interests in several trusts, including 4,344,021 Class B shares held by the AMKE Trust, each convertible one-for-one into Class A.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,288.5 shares ($159,875)
Net Sell
13 txns
Insider
Mahdessian Ara
Role
Chief Executive Officer
Sold
2,288.5 shs ($160K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 2,289 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,289 | $0.00 | -- |
| Sale | Class A Common Stock | 649.75 | $69.86 | $45K |
| Sale | Class A Common Stock | 1,038.5 | $69.86 | $73K |
| Sale | Class A Common Stock | 351.25 | $69.86 | $25K |
| Sale | Class A Common Stock | 120.5 | $69.86 | $8K |
| Sale | Class A Common Stock | 49.75 | $69.86 | $3K |
| Sale | Class A Common Stock | 78.75 | $69.86 | $6K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,281,355 shares (Direct);
Class A Common Stock — 2,289.5 shares (Direct);
Class B Common Stock — 429,035 shares (Indirect, By AM 2024 GRAT)
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person. Represents shares sold to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of restricted stock units. These sales are mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.33 to $69.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.33 to $70.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.33 to $71.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.33 to $72.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.33 to $73.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.33 to $74.16. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers, or upon the occurrence of certain specified events, in each case as set forth in the Issuer's Amended and Restated Certificate of Incorporation.
