[144] ServiceTitan, Inc. SEC Filing
Rhea-AI Filing Summary
ServiceTitan, Inc. (TTAN) has filed a Form 144 announcing a proposed insider sale. The notice covers 49,180 common shares, equal to roughly 0.06 % of the company’s 77.27 M shares outstanding. At the reference price used in the filing, the aggregate market value is $5.62 M. The securities are expected to be sold on or about 08/04/2025 through Goldman Sachs & Co. LLC on Nasdaq.
- Source of shares: mix of recently-vested Restricted Stock Units (14,988 shares across four grant dates in 2024-25) and 26,192 founder shares first acquired in 2007.
- No prior sales: the filer reports “Nothing to Report” for the past three months.
- Rule 10b5-1: signature block references possible reliance on a trading plan, but no adoption date is listed.
The filing is a discretionary notice; it does not obligate the seller to complete the transaction and does not alter the company’s capital structure.
Positive
- Minimal dilution risk: proposed sale equals only 0.06% of shares outstanding, suggesting negligible impact on float and ownership.
Negative
- $5.6 M insider liquidation: Investor sentiment can turn cautious when insiders move to monetize shares, even if volume is small.
Insights
TL;DR: Small insider sale (~0.06% OS) worth $5.6 M; limited direct impact.
The proposed disposition is modest relative to TTAN’s float and appears linked to RSU vesting plus legacy founder shares. Absence of recent sales and the possibility of a 10b5-1 plan temper any negative signaling. Liquidity impact should be minimal, but investors often watch Form 144 activity for sentiment clues. Overall, I view the event as neutral.
TL;DR: Routine compliance filing; governance risk low.
Form 144 demonstrates compliance with SEC Rule 144 disclosure. The seller certifies no undisclosed adverse information. Because the stake is immaterial and no aggregation with other insiders is required, governance red flags are limited. Monitoring is advised if additional sales emerge, but this single filing is not impactful to control dynamics.