ServiceTitan officer plans 44,493-share tax sale
An officer of ServiceTitan filed a Rule 144 notice for a non-discretionary, tax-related sale of Class A Common Stock.
Rhea-AI Filing Summary
ServiceTitan, Inc. (TTAN) reported that officer Sherry David filed a notice to sell Class A Common Stock under Rule 144. The proposed transaction is a mandatory "sell to cover" related to the vesting of restricted stock units on September 15, 2026, to satisfy tax withholding obligations and is described as non-discretionary.
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Key Figures
RSU-related shares: 44,493 shares
Past 3 months activity June 17, 2026: 20,193 shares; $1,354,283.67
Past 3 months activity July 15, 2026: 2,276 shares; $180,509.56
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4 metrics
RSU-related shares
44,493 shares
Class A Common Stock from settlement of vested restricted stock on September 15, 2026
Past 3 months activity June 17, 2026
20,193 shares; $1,354,283.67
Class A Common Stock shown under securities sold during the past 3 months
Past 3 months activity July 15, 2026
2,276 shares; $180,509.56
Class A Common Stock shown under securities sold during the past 3 months
Past 3 months activity August 14, 2026
9,000 shares; $817,470.00
Class A Common Stock shown under securities sold during the past 3 months
Key Terms
Rule 144, restricted stock units, mandatory sell to cover, equity compensation
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"in connection with the vesting of Restricted Stock Units and does not"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
mandatory sell to cover financial
"through a mandatory sell to cover transaction in connection with the vesting"
equity compensation financial
"Equity compensation for services rendered"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the key disclosure in ServiceTitan (TTAN)'s Form 144 filing?
The filing states that officer Sherry David plans a Rule 144 sale of Class A Common Stock in connection with the vesting of restricted stock units on September 15, 2026, solely to satisfy tax withholding obligations through a mandatory sell-to-cover transaction.
Is the planned ServiceTitan (TTAN) stock sale by Sherry David discretionary?
No. The notice explains the proposed sale will be made through a mandatory sell to cover transaction to pay tax withholding on vested restricted stock units and "does not represent a discretionary trade" by the reporting person.
Which broker is identified for the ServiceTitan (TTAN) Rule 144 transaction?
The filing lists Morgan Stanley Smith Barney, LLC at 1 New York Plaza as the broker handling the Class A Common Stock for the proposed Rule 144 sale on behalf of the reporting person.
What ServiceTitan (TTAN) stock transactions were reported in the past three months?
For Class A Common Stock, the notice lists activity on June 17, 2026 (20,193 shares, value $1,354,283.67), July 15, 2026 (2,276 shares, value $180,509.56), and August 14, 2026 (9,000 shares, value $817,470.00).
What is the stated purpose of the equity underlying the ServiceTitan (TTAN) sale?
The Class A Common Stock to be sold relates to a Settlement of Vested Restricted Stock on September 15, 2026, described as equity compensation for services rendered to the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.