[144] ServiceTitan, Inc. SEC Filing
Rhea-AI Filing Summary
ServiceTitan, Inc. (TTAN) filed a Form 144 indicating the proposed sale of 3,858 Class A common shares through Merrill Lynch, Pierce, Fenner & Smith on or after July 11 2025. The aggregate market value of the planned sale is $428,006.52, based on recent market pricing, and represents roughly 0.005% of the 77.27 million shares outstanding. The shares were originally acquired via private purchase on 03-20-2015 and no other sales were reported in the prior three-month period. No material adverse information was disclosed, and the filer certified compliance with Rule 144 requirements.
Positive
- None.
Negative
- Insider intends to sell shares, which can be perceived as a mildly negative signal, though the amount is only 0.005% of shares outstanding.
Insights
TL;DR: Small insider sale (3,858 shares) worth $428k; negligible dilution, limited market impact.
The Form 144 signals that an insider or affiliate plans to dispose of a modest number of shares. At roughly 0.005% of shares outstanding, the transaction is immaterial to float and should not influence liquidity or valuation. Absence of other recent sales and the declaration that no non-public adverse information exists mitigate concerns. Overall, this is a routine compliance filing with low signaling value.
TL;DR: Governance-neutral notice; insider sale size too small to raise red flags.
Rule 144 filings provide transparency into potential insider activity. Here, the volume is minor and spaced well beyond the six-month holding threshold, suggesting standard portfolio rebalancing rather than strategic exit. No aggregation with other sales is required. Investors may monitor for follow-on filings, but the current disclosure does not materially alter governance risk.