[144] ServiceTitan, Inc. SEC Filing
Rhea-AI Filing Summary
ServiceTitan, Inc. (TTAN) Form 144 notice shows a proposed sale of 85,332 shares of common stock to be sold through Goldman Sachs & Co. LLC on 09/09/2025, with an aggregate market value of $10,207,413.84 based on the filing. The shares were acquired as founders' shares on 06/11/2007 and no cash payment or other consideration is reported for the original acquisition.
The filing also lists multiple sales by an AMKE Trust during July–August 2025 totaling 170,672 shares for gross proceeds of $18,339,623.91. Certain administrative fields in the notice, such as the filer CIK and issuer name/address sections, are blank in the provided content.
Positive
- Planned sale disclosed: the filing specifies the 85,332 shares proposed to be sold and the broker (Goldman Sachs), which provides market transparency
- Historical acquisition detail: the shares to be sold are identified as founders' shares acquired 06/11/2007, clarifying holding period for Rule 144 purposes
- Recent sales listed: the filing includes detailed recent sales by AMKE Trust totaling 170,672 shares for $18,339,623.91, improving transaction traceability
Negative
- Missing filer and issuer identifiers: the filer CIK and issuer name/address fields are blank in the provided content, limiting verification
- Concentrated insider-related selling: AMKE Trust sold 170,672 shares in July–August 2025, which may signal notable insider liquidity pressure
- Potential perception risk: a proposed additional sale of 85,332 shares ($10.21M) could be viewed negatively by some market participants depending on company float (not disclosed)
Insights
TL;DR: Insider-connected trust has recently sold sizeable blocks; additional proposed sale of 85,332 founder shares valued at ~$10.2M.
The filing documents a proposed Rule 144 sale of 85,332 common shares via Goldman Sachs for $10.21M, with those shares identified as founders' shares acquired in 2007. Recent disposals by AMKE Trust during July–August 2025 total 170,672 shares for about $18.34M, indicating active secondary-market selling by related parties. From a market-impact perspective, these are meaningful absolute amounts but materiality depends on TTAN's market float and typical daily trading volume (not provided in the filing). The absence of filer CIK and issuer name fields in the submitted content limits confirmation of filer identity and control relationships.
TL;DR: The transactions show concentrated sales by a named trust and a planned founder share sale; disclosure omissions reduce transparency.
The schedule shows concentrated disposal activity by AMKE Trust across multiple dates in July and August 2025 and a planned founder-share sale in September 2025. Such clustered sales by a trust related to insiders can be governance-relevant for shareholders assessing insider liquidity and alignment. The filing, however, omits key identifying fields (filer CIK, issuer name/address), which constrains a full governance assessment and verification of aggregation requirements under Rule 144. Given the information present, the disclosure is procedural rather than indicating corporate operational changes.