ServiceTitan (NYSE: TTAN) CEO converts Class B, sells stock under plan
Rhea-AI Filing Summary
ServiceTitan, Inc. reported insider activity by Chief Executive Officer and director Ara Mahdessian. On January 14 and 15, 2026, 32,000 shares of Class B Common Stock were converted into 32,000 shares of Class A Common Stock on each day, including transactions carried out indirectly through the AMKE Trust dated February 1, 2019.
The filing shows multiple sales of Class A Common Stock on both days under a Rule 10b5-1 trading plan adopted on April 15, 2025, at weighted average prices of $98.50 and $92.49 per share across various price ranges. After these transactions, the report lists 4,344,021 Class B shares (convertible into Class A) held indirectly by the AMKE Trust and 3,283,644 Class B shares held directly, along with additional Class B holdings in several GRAT entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 32,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 32,000 | $0.00 | -- |
| Sale | Class A Common Stock | 9,057 | $92.49 | $838K |
| Sale | Class A Common Stock | 5,525 | $92.49 | $511K |
| Sale | Class A Common Stock | 4,319 | $92.49 | $399K |
| Sale | Class A Common Stock | 2,436 | $92.49 | $225K |
| Sale | Class A Common Stock | 3,878 | $92.49 | $359K |
| Sale | Class A Common Stock | 6,304 | $92.49 | $583K |
| Sale | Class A Common Stock | 481 | $92.49 | $44K |
| Conversion | Class B Common Stock | 32,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 32,000 | $0.00 | -- |
| Sale | Class A Common Stock | 11,950 | $98.50 | $1.18M |
| Sale | Class A Common Stock | 1,339 | $98.50 | $132K |
| Sale | Class A Common Stock | 3,382 | $98.50 | $333K |
| Sale | Class A Common Stock | 13,672 | $98.50 | $1.35M |
| Sale | Class A Common Stock | 1,657 | $98.50 | $163K |
| 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 | -- | -- | -- |
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.27 to $97.26. 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 with 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 $97.27 to $98.26. 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 with 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 $98.27 to $99.26. 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 with 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 $99.27 to $100.26. 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 with 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 $100.27 to $100.96. 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 with 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 $89.79 to $90.78. 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 with 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 $90.79 to $91.78. 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 with 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 $91.79 to $92.78. 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 with 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 $92.79 to $93.78. 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 with 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 $93.79 to $94.78. 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 with 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 $94.79 to $95.78. 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 with 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 $95.79 to $96.10. 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 with the range set forth in this footnote. 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.
FAQ
What insider transactions did ServiceTitan (TTAN) report in this Form 4?
The report shows that Ara Mahdessian, ServiceTitan's Chief Executive Officer and director, converted Class B Common Stock into Class A Common Stock on January 14 and 15, 2026, and sold portions of the resulting Class A shares in multiple market transactions on both days.
Were the ServiceTitan insider sales under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025, which is a pre-arranged plan for trading equity securities.
What Class B holdings directly and indirectly associated with the ServiceTitan CEO are reported?
The report shows 3,283,644 Class B shares held directly, plus indirect Class B holdings of 4,344,021 shares via the AMKE Trust and additional Class B positions held indirectly through several GRAT entities identified as AM 2024 GRAT, AM 2025 GRAT, KE 2024 GRAT, and KE 2025 GRAT.
What is the relationship between ServiceTitan’s Class B and Class A Common Stock?
The footnotes explain that each share of Class B Common Stock is convertible into an equal number of Class A Common Stock at any time at the holder's election, and that Class B shares also convert automatically into Class A upon certain transfers or specified events as described in the company’s Amended and Restated Certificate of Incorporation.