[144] ServiceTitan, Inc. SEC Filing
ServiceTitan, Inc. (TTAN) filed a Form 144 proposing the sale of 266,502 shares of Class A common stock via Merrill Lynch on NASDAQ. The filing lists an aggregate market value of $30,378,562.98 and shows there were 77,266,756 shares outstanding. The shares were originally acquired by the seller on March 20, 2015 in a private purchase from the company with cash payment. The proposed approximate date of sale is 09/08/2025. The filing reports no securities sold by the seller in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.
- Complete disclosure of broker, share class, quantity, acquisition date and payment method
- No reported sales by the filer in the prior three months, reducing immediate aggregation concerns
- Includes statutory representation that the seller is not aware of undisclosed material adverse information
- Large proposed sale of 266,502 shares with an aggregate market value of $30,378,562.98, which may be noticed by the market
- Filing provides no rationale for the sale or details on any trading plan in place
Insights
TL;DR: Routine Form 144 notice for an insider sale of 266,502 Class A shares with required broker and acquisition details disclosed.
The filing meets Rule 144 notice requirements by identifying the broker (Merrill Lynch), the class and quantity of shares, acquisition date and method (private purchase from the company on 03/20/2015), payment method (cash) and the proposed sale date (09/08/2025). It also states that no shares were sold by the filer in the prior three months and includes the statutory certification regarding material nonpublic information. From a compliance perspective, the form appears complete for a Rule 144 sale notice; it documents the chain of acquisition and broker routing which are typically needed for transfer compliance.
TL;DR: Notable sized proposed sale—266,502 shares valued at about $30.4M—could be visible to market but is a standard disclosure.
The filing discloses an aggregate market value of $30,378,562.98 for the proposed shares and reports total shares outstanding of 77,266,756, allowing readers to gauge the sale's relative size. The notice does not state any prior sales in the last three months, which may inform short-term supply expectations. The form itself contains no forward-looking statements or explanations of the filer’s reasons for selling; it is a standard regulatory disclosure rather than a corporate operational update.