[144] ServiceTitan, Inc. SEC Filing
ServiceTitan insider Vahe Kuzoyan filed a Form 144 to sell 302 shares of common stock via Goldman Sachs & Co. LLC with an aggregate market value of $31,362.70, scheduled approximately for 09/24/2025. The shares were originally acquired as founders shares on 06/11/2007. The filing shows multiple related sales by the same person in the prior three months, including transactions on 08/04/2025, 08/05/2025, 09/23/2025, and 09/24/2025 with individual gross proceeds ranging from about $46,075 to over $1.8 million. The Form 144 lists 77,266,756 shares outstanding and names NASD as the exchange.
- Filing complies with Rule 144 disclosure requirements and names the executing broker (Goldman Sachs & Co. LLC).
- Origin of shares disclosed as founders shares acquired on 06/11/2007, providing clarity on tenure of ownership.
- Multiple insider sales occurred in the prior three months with gross proceeds in the hundreds of thousands to over $1.8 million, which may be perceived negatively by some investors.
- Concentrated recent selling activity (dates 08/04/2025, 08/05/2025, 09/23/2025, 09/24/2025) suggests significant liquidity events from the same insider.
Insights
TL;DR Insider Vahe Kuzoyan is executing multiple recent sales and filed a Form 144 for a small additional block, signaling notable liquidity activity.
The filing documents a small planned sale of 302 shares valued at $31,362.70, but the schedule of recent transactions shows material dispositions in August and September 2025 with gross proceeds totaling multiple millions across several trades. From an investor-perspective, clustered insider sales can warrant attention as a liquidity or diversification event; however, this Form 144 alone does not indicate motive or company performance. The shares originated from 2007 founders' holdings, which is consistent with long-term ownership being monetized in tranches. No earnings or operational data are provided in the filing.
TL;DR The disclosure meets Rule 144 procedural requirements, showing structured insider sales and a founder-origin acquisition date.
The Form 144 and accompanying sales history reflect compliance with disclosure rules for restricted or control-person transactions. The donor/acquisition detail (founders shares on 06/11/2007) and broker identification (Goldman Sachs & Co. LLC) are reported, which aids transparency. The frequency and size of prior sales in the three-month window are governance-relevant because they may affect market perception; nevertheless, the filing contains no statements about any 10b5-1 plan adoption or material nonpublic information. Impact is procedural rather than operational based on the information provided.