ServiceTitan (TTAN) director receives 3,046 RSUs and reports large ICONIQ fund holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Griffith William J.G. reported acquisition or exercise transactions in this Form 4 filing.
ServiceTitan, Inc. director and significant holder William J.G. Griffith reported an award of 3,046 restricted stock units (RSUs) of Class A Common Stock under the company’s non-employee director compensation program. These RSUs vest in full on September 15, 2027, conditional on his continued board service.
After this grant, the filing shows 360,970 Class A shares reported as directly associated with him, consisting of the 3,046 RSU-settlement shares and 357,924 shares held through family and estate-planning trusts. The footnotes state he disclaims beneficial ownership of these securities except to the extent of any pecuniary interest and that proceeds from any sale of shares issued upon RSU settlement will be transferred to ICONIQ Capital, LLC.
The filing also lists sizeable indirect holdings in multiple ICONIQ Strategic Partners funds, each shown with separate Class A Common Stock positions, for which he likewise disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Griffith William J.G.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,046 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 360,970 shares (Direct, null);
Class A Common Stock — 3,603,256 shares (Indirect, By ICONIQ Strategic Partners II, L.P.)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2027, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Consists of (i) 3,046 shares issuable upon the settlement of RSUs and (ii) 357,924 shares held by the Reporting Person through his family trust of which he is a trustee and another estate planning trust having an independent trustee. The RSUs are held by the Reporting Person, a director of the Issuer. The proceeds of any sale of shares of common stock issued to the Reporting Person upon settlement of the RSUs will be transferred to ICONIQ Capital, LLC. The Reporting Person disclaims beneficial ownership of these shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP") is the sole general partner of ICONIQ Strategic Partners II, L.P. ("ICONIQ II"), ICONIQ Strategic Partners II-B, L.P. ("ICONIQ II-B"), ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series) ("ICONIQ II ST") and ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series) ("ICONIQ II ST2"). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ II Parent GP") is the sole general partner of ICONIQ II GP. ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of ICONIQ Strategic Partners V, L.P. ("ICONIQ V"), ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"), (continued) ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST) ("ICONIQ V ST") and ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2) ("ICONIQ V ST2"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP. Divesh Makan and the Reporting Person are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP and Divesh Makan, the Reporting Person and Matthew Jacobson are the sole equity holders of ICONIQ V Parent GP. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
RSU grant size: 3,046 RSUs
RSU grant price: $0.0000 per share
Directly associated shares after grant: 360,970 shares
+5 more
8 metrics
RSU grant size
3,046 RSUs
Award of RSUs to director under non-employee director program
RSU grant price
$0.0000 per share
Price per share for the 3,046 RSUs
Directly associated shares after grant
360,970 shares
Class A shares reported as directly associated with Griffith after RSU award
Trust-held shares
357,924 shares
Held through family and estate-planning trusts referenced in footnotes
ICONIQ II position
3,603,256 shares
Class A Common Stock held by ICONIQ Strategic Partners II, L.P.
ICONIQ II-B position
2,820,790 shares
Class A Common Stock held by ICONIQ Strategic Partners II-B, L.P.
ICONIQ III-B position
786,307 shares
Class A Common Stock held by ICONIQ Strategic Partners III-B, L.P.
ICONIQ V-B position
648,606 shares
Class A Common Stock held by ICONIQ Strategic Partners V-B, L.P.
Key Terms
restricted stock units ("RSUs"), non-employee director compensation program, pecuniary interest, beneficial ownership, +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
non-employee director compensation program financial
"RSUs granted pursuant to the Issuer's non-employee director compensation program."
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares for purposes of Section 16 of the Securities Exchange Act of 1934."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")."
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
FAQ
What insider transaction did TTAN director William J.G. Griffith report?
William J.G. Griffith reported an award of 3,046 RSUs of ServiceTitan Class A Common Stock. The RSUs are part of the non-employee director compensation program and represent a contingent right to receive one share of stock for each unit upon settlement.
When do William J.G. Griffith’s new ServiceTitan RSUs vest?
The 3,046 RSUs granted to William J.G. Griffith vest in full on September 15, 2027. Vesting is conditioned on his continued service on ServiceTitan’s board of directors through that date, according to the filing’s footnote disclosure.
What indirect holdings in ServiceTitan does William J.G. Griffith report through ICONIQ funds?
The filing lists indirect holdings of ServiceTitan Class A shares through several ICONIQ Strategic Partners funds, including 3,603,256 shares for ICONIQ Strategic Partners II, L.P. and 2,820,790 shares for ICONIQ Strategic Partners II-B, L.P., among other related entities.