[144] ServiceTitan, Inc. SEC Filing
ServiceTitan, Inc. (TTAN) submitted a Form 144 reporting a proposed sale of 26,650 shares of Class A common stock on the NASDAQ with an aggregate market value of $3,084,737.50 and an approximate sale date of 09/16/2025. The filing states these shares were acquired on 03/15/2015 in a private placement from the issuer and lists a payment date of 12/30/2009 with cash noted as the payment nature. The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.
- Regulatory compliance: Filing properly discloses proposed sale details consistent with Rule 144 requirements
- Small relative size: 26,650 shares represent a very small fraction of the 79,717,700 shares outstanding, indicating limited dilution or market impact
- No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months, suggesting this is an isolated disposition
- Insider sale: The filing notifies investors that shares held by a person associated with the issuer are being offered for sale, which some market participants may view negatively
- Inconsistent dates: The table shows a payment date of 12/30/2009 and an acquisition date of 03/15/2015, which could require clarification
Insights
TL;DR Insider proposes to sell a small block of Class A stock worth $3.08M; proportionally negligible relative to shares outstanding.
The filing discloses a proposed sale of 26,650 shares valued at $3,084,737.50 and notes total shares outstanding of 79,717,700. That quantity represents a very small fraction of the outstanding float (approximately 0.03%). The shares were acquired in a private placement on 03/15/2015. There are no reported sales by the filer in the prior three months, suggesting this is an isolated planned transaction rather than a pattern of dispositions. The filing otherwise contains routine Form 144 certifications and a representation regarding material information.
TL;DR Form 144 indicates compliance with disclosure rules for an insider sale; transaction size appears immaterial to control or governance.
The notice fulfills Rule 144 requirements by reporting broker, class, quantity, market value, and acquisition details. The shares were acquired via private placement from the issuer, which could indicate earlier insider or founder allocation, but the proposed sale size is very small relative to total outstanding shares. The form includes the standard signer representation about absence of undisclosed material adverse information and a caution regarding false statements. No additional governance actions or related-party transactions are disclosed in this filing.