[144] ServiceTitan, Inc. SEC Filing
ServiceTitan, Inc. (TTAN) Form 144 summary: A holder intends to sell 110,798 shares of Class A Common stock through Merrill Lynch on NASDAQ, with an approximate aggregate market value of $13,187,177.96. The filer acquired these shares in a private purchase on 03/20/2015 and paid cash. The company has 77,266,756 shares outstanding, so the proposed sale equals roughly 0.14% of outstanding shares. The notice reports no securities sold by the person in the past three months and includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR Small-block insider sale planned: $13.2M position to be sold via Merrill Lynch represents a minor portion of float.
The proposed sale of 110,798 Class A shares for about $13.19 million is explicitly documented and originates from a private purchase in 2015 paid in cash. Relative to 77.27 million shares outstanding, this transaction is immaterial from a dilution or supply perspective (approximately 0.14%). There are no reported sales in the prior three months that would indicate a pattern. For investors, the filing is a routine Rule 144 notice rather than a signal of material corporate change.
TL;DR Compliance filing shows adherence to Rule 144 selling procedures; includes standard seller representations.
The document provides the broker name, sale mechanics, original acquisition details, and the seller's attestation regarding material nonpublic information. The presence of a broker and the sellers' representation align with normal governance and disclosure practices for restricted/legended shares becoming eligible for public sale. No governance or disclosure issues are raised by the text provided.