ServiceTitan CFO sells shares to cover RSU taxes
ServiceTitan, Inc. Chief Financial Officer Sherry David reported mandated sales of 17,777.5 shares of Class A Common Stock to satisfy tax withholding obligations tied to vesting restricted stock units.
Rhea-AI Filing Summary
ServiceTitan, Inc. Chief Financial Officer Sherry David reported mandated sales of 17,777.5 shares of Class A Common Stock to satisfy tax withholding obligations tied to vesting restricted stock units. The sales were executed as automatic “sell to cover” transactions under the company’s equity incentive plans, not discretionary trades.
Weighted average sale prices were reported around $69.86 per share, across trade ranges from $68.33 to $74.16. After these transactions, David directly holds 313,025.25 shares of Class A Common Stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,047 | $69.86 | $353K |
| Sale | Class A Common Stock | 8,067.5 | $69.86 | $564K |
| Sale | Class A Common Stock | 2,729.75 | $69.86 | $191K |
| Sale | Class A Common Stock | 936.25 | $69.86 | $65K |
| Sale | Class A Common Stock | 386 | $69.86 | $27K |
| Sale | Class A Common Stock | 611 | $69.86 | $43K |
Footnotes (7)
- F1. Represents shares sold to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of restricted stock units. These sales are mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.33 to $69.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.33 to $70.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.33 to $71.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.33 to $72.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.33 to $73.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.33 to $74.16. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
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What did ServiceTitan (TTAN) CFO Sherry David report in this Form 4?
Are the ServiceTitan (TTAN) CFO’s reported sales considered routine or strategic?
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