ServiceTitan (TTAN) CFO sells 17,777.5 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,777.5 shares ($1,241,936)
Net Sell
6 txns
Insider
Sherry David
Role
Chief Financial Officer
Sold
17,777.5 shs ($1.24M)
| 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 |
Holdings After Transaction:
Class A Common Stock — 325,755.75 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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. 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. 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. 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
What did ServiceTitan (TTAN) CFO Sherry David report in this Form 4?
CFO Sherry David reported selling 17,777.5 ServiceTitan Class A shares. These were automatic “sell to cover” transactions to pay taxes due on vesting restricted stock units, rather than discretionary open-market sales initiated for investment reasons.
Are the ServiceTitan (TTAN) CFO’s reported sales considered routine or strategic?
The sales are characterized as routine, mandated transactions. They were executed solely to satisfy tax withholding obligations under ServiceTitan’s equity incentive plans, described as “sell to cover” trades, and are not presented as discretionary strategic sales of personal holdings.