ServiceTitan CEO sells shares to cover RSU taxes
ServiceTitan, Inc. Chief Executive Officer Ara Mahdessian converted 3,028.25 shares of Class B Common Stock into the same number of Class A shares and on June 17, 2026 these Class A shares were sold in open-market transactions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. Chief Executive Officer Ara Mahdessian converted 3,028.25 shares of Class B Common Stock into the same number of Class A shares and on June 17, 2026 these Class A shares were sold in open-market transactions. Footnote disclosures state the 3,028.25 shares were sold solely to satisfy tax withholding obligations tied to vesting restricted stock units under a mandatory “sell to cover” election, meaning they were not discretionary trades. Mahdessian continues to hold significant indirect Class B interests through various GRATs and trusts with large underlying Class A share positions.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
18 txns
Insider
Mahdessian Ara
Role
Chief Executive Officer
Sold
3,028.25 shs ($200K)
Approx. gross sale proceeds
$200K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,028.25 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 3,028.25 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 610.45 | $66.19 | $40K |
| Sale | Class A Common Stock | 825.22 | $66.19 | $55K |
| Sale | Class A Common Stock | 922.57 | $66.19 | $61K |
| Sale | Class A Common Stock | 484.73 | $66.19 | $32K |
| Sale | Class A Common Stock | 154.19 | $66.19 | $10K |
| Sale | Class A Common Stock | 31.09 | $66.19 | $2K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,278,327 contracts (Direct);
Class A Common Stock — 1.75 shares (Direct);
Class B Common Stock — 341,906 contracts (Indirect, AM 2026 GRAT);
Class B Common Stock — 87,128 contracts (Indirect, AM Irrevocable Nonexempt Trust);
Class B Common Stock — 0 contracts (Indirect, By AM 2024 GRAT);
Class B Common Stock — 185,366 contracts (Indirect, By AM 2025 GRAT);
Class B Common Stock — 0 contracts (Indirect, By KE 2024 GRAT);
Class B Common Stock — 185,366 contracts (Indirect, By KE 2025 GRAT);
Class B Common Stock — 1 contracts (Indirect, By Spouse);
Class B Common Stock — 4,344,021 contracts (Indirect, By the AMKE Trust dated February 1, 2019);
Class B Common Stock — 341,906 contracts (Indirect, KE 2026 GRAT);
Class B Common Stock — 87,128 contracts (Indirect, KE Irrevocable Nonexempt Trust)
Footnotes (11)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.10 to $65.09. 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 $65.10 to $66.09. 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 $66.10 to $67.09. 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 $67.10 to $68.09. 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 $68.10 to $69.09. 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.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.10 to $69.50. 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.
- F9. The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers, or upon the occurrence of certain specified events, in each case as set forth in the Issuer's Amended and Restated Certificate of Incorporation.
- F10. Reflects the following: (i) the June 15, 2026 transfer of 341,907 shares of Class B Common Stock from the AM 2024 GRAT to the Reporting Person in satisfaction of a GRAT annuity payment owed to the Reporting Person; (ii) the subsequent June 15, 2026 transfer of 341,906 shares of Class B Common Stock from the Reporting Person to the AM 2026 GRAT; and (iii) the June 15, 2026 transfer of 87,128 shares of Class B Common Stock from the AM 2024 GRAT to the AM Irrevocable Nonexempt Trust.
- F11. Reflects the following: (i) the June 15, 2026 transfer of 341,907 shares of Class B Common Stock from the KE 2024 GRAT to the Reporting Person's spouse in satisfaction of a GRAT annuity payment owed to the Reporting Person's spouse; (ii) the subsequent June 15, 2026 transfer of 341,906 shares of Class B Common Stock from the Reporting Person's spouse to the KE 2026 GRAT; and (iii) the June 15, 2026 transfer of 87,128 shares of Class B Common Stock from the KE 2024 GRAT to the KE Irrevocable Nonexempt Trust.
Key Figures
Shares sold for taxes: 3,028.25 shares
Weighted average sale price: $66.19 per share
Converted shares: 3,028.25 shares
+4 more
7 metrics
Shares sold for taxes
3,028.25 shares
Class A Common Stock sold June 17, 2026
Weighted average sale price
$66.19 per share
Price reported in Column 4 for tax sales
Converted shares
3,028.25 shares
Class B converted into Class A Common Stock
Largest trust position
4,344,021 underlying shares
Class B held by AMKE Trust, underlying Class A
Price range block 1
$64.10–$65.09
Weighted-average sale price range (footnote F3)
Price range block 2
$69.10–$69.50
Weighted-average sale price range (footnote F8)
Net share direction
-3,028.25 shares
Net buy/sell shares in transaction summary
Key Terms
restricted stock units, sell to cover, Class B Common Stock, GRAT, +1 more
5 terms
restricted stock units financial
"tax withholding obligation in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"required the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
Class B Common Stock financial
"The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
GRAT financial
"transfer of 341,907 shares of Class B Common Stock from the AM 2024 GRAT to the Reporting Person"
Irrevocable Nonexempt Trust financial
"transfer of 87,128 shares of Class B Common Stock from the KE 2024 GRAT to the KE Irrevocable Nonexempt Trust."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ServiceTitan (TTAN) report for its CEO?
ServiceTitan reported that CEO Ara Mahdessian converted 3,028.25 Class B shares into Class A and sold the same number. The sales were tied to restricted stock unit tax withholding, not discretionary open-market selling, according to the filing’s footnotes.
Does the ServiceTitan (TTAN) CEO still hold a significant stake after these transactions?
Yes. While 3,028.25 Class A shares were sold for tax withholding, the filing lists substantial indirect holdings of Class B Common Stock in multiple GRATs and trusts, including positions with hundreds of thousands to millions of underlying Class A share equivalents.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates