ServiceTitan (TTAN) Form 144 Notice: Insider Plans $558K Sale
Rhea-AI Filing Summary
Form 144 notice for ServiceTitan, Inc. (TTAN) reports a proposed sale of 4,761 Class A common shares scheduled approximately for 09/17/2025. The filing shows an aggregate market value of $558,227.25 for the shares and lists 79,717,700 shares outstanding. The shares were acquired in a private placement on 03/15/2015 from the issuer and were paid for in cash on that date. The broker named is Merrill Lynch, 555 California Street, 18th Floor, San Francisco, CA, and the intended venue is NASDAQ. The filer certifies no undisclosed material adverse information and provides no reportable sales in the past three months.
Positive
- Full acquisition details provided (date 03/15/2015, private placement, cash payment) which supports Rule 144 eligibility assessment
- Broker and exchange specified (Merrill Lynch, NASDAQ), aiding market transparency
- No sales in prior three months reported, indicating this is not part of frequent trading
Negative
- Filers relationship to the issuer is not specified in the provided tables
- Form does not state whether a 10b5-1 trading plan applies, leaving the timing context unclear
Insights
TL;DR Insider intends to sell 4,761 Class A shares (worth $558k) acquired in 2015 via private placement; routine disclosure under Rule 144.
This Form 144 notifies the market of a proposed sale under Rule 144 rather than indicating an executed transaction. The position is small relative to the reported 79,717,700 shares outstanding (around 0.006% of outstanding shares). The securities were acquired in a private placement and paid in cash on 03/15/2015, which is relevant for resale conditions and holding period considerations. No sales in the past three months are reported, and the filer affirms absence of undisclosed material adverse information. Given the limited size and routine nature of the notice, the near-term market impact is likely minimal.
TL;DR The filing is a standard compliance disclosure showing a pre-planned sale by an affiliate; documentation appears complete regarding acquisition and broker.
The form includes key compliance elements: acquisition date, transaction type (private placement), payment method (cash), broker identification, and the claimant's certification about material information. The filing does not disclose the filers relationship to the issuer or whether a 10b5-1 plan applies, so those governance details are not available here. Absent additional context on the filers role, this remains a routine liquidity event notice rather than a governance red flag.