[144] ServiceTitan, Inc. SEC Filing
Form 144 notice for ServiceTitan, Inc. (TTAN) indicates a proposed sale of 11,902 shares of Class A common stock through Merrill Lynch on 09/08/2025, with an aggregate market value of $1,356,708.98. The filing states total shares outstanding of 77,266,756. The shares were originally acquired by the filer on 03/15/2015 in a private placement from the company, paid in cash. The filer reports no securities sold in the past three months and makes the standard representation that they are not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: Routine Rule 144 disclosure for an insider/affiliate proposing a small secondary sale; no recent sales reported.
The filing documents a proposed sale under Rule 144 of 11,902 Class A shares via a broker, with the shares acquired in a 2015 private placement. The aggregate value is shown as $1,356,708.98 against 77,266,756 shares outstanding, indicating the transaction represents a de minimis fraction of the float. The filer affirms absence of undisclosed material adverse information and reports no sales in the prior three months, consistent with compliance expectations for Rule 144 disclosures.
TL;DR: Small, disclosed secondary offering by an insider; unlikely to materially affect supply-demand dynamics.
This Form 144 shows a single-lot sale through a recognized broker with clear provenance: private-placement shares from 2015 paid in cash. Given the size relative to outstanding shares, the market impact is likely negligible. The clean disclosure and absence of prior three-month sales reduce immediate governance or market-concern flags, though investors may note insider liquidation activity.