[144] ServiceTitan, Inc. SEC Filing
ServiceTitan, Inc. (TTAN) Form 144 notice discloses a proposed sale of 32,892 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $3,550,691.40, scheduled approximately for 09/23/2025 on NASD. The filing lists two prior acquisitions underlying the holdings: 2,966 shares acquired as restricted stock units on 09/15/2025 and 29,926 founders shares acquired on 06/11/2007. It also discloses two recent sales by Vahe Kuzoyan of 24,598 and 24,582 shares on 08/04/2025 and 08/05/2025 generating gross proceeds of $2,815,425.79 and $2,753,712.34, respectively. The filer attests there is no undisclosed material adverse information.
- Planned sale disclosed with broker and exchange, specifying Goldman Sachs & Co. LLC and NASD
- Acquisition history provided, distinguishing recently vested RSUs from founders shares
- Recent sales fully reported with dates and gross proceeds for transparency
- Insider has recently sold a substantial number of shares (49,180 shares in August), which may increase perceived supply
- No 10b5-1 plan adoption date stated, so planned sale lacks explicit trading-plan timing in the filing
Insights
TL;DR: Insider sales and a planned sizable disposition may increase stock supply; transaction sizes are material relative to the single-trade values disclosed.
The filing documents a proposed sale of 32,892 shares valued at about $3.55 million and two recent August sales totaling 49,180 shares with combined gross proceeds of about $5.57 million. From a market-impact perspective, these are meaningful individual sell transactions for a single issuer disclosure and may reflect personal liquidity or portfolio rebalancing. The breakdown of acquisition dates shows both long-held founders shares and recently vested RSUs, indicating mixed holding vintages and typical insider selling mechanics. No forward guidance or additional corporate actions are disclosed.
TL;DR: Form 144 is properly used to notify a proposed Rule 144 sale; required attestations are present but trading-plan details are not provided.
The notice cites the representation that the seller does not possess undisclosed material information and references Rule 10b5-1 only as an option for plan adoption, but it does not state a 10b5-1 plan adoption date. Acquisition details and prior recent sales are disclosed, supporting traceability for compliance. Absent explicit mention of a 10b5-1 plan or blackout considerations, reviewers should rely solely on the stated attestation; no regulatory violations or inconsistencies are evident within this document.