ServiceTitan, Inc. (NASDAQ: TTAN) holder ICONIQ shifts 1,551,099 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ICONIQ-affiliated investment funds that are 10% owners of ServiceTitan, Inc. reported internal restructuring of their Class A Common Stock position. On July 13, 2026 they distributed, for no consideration, an aggregate of 1,551,099 shares to limited partners and related general partners under Rules 16a-13 and 16a-9.
Following these pro rata distributions, ICONIQ Strategic Partners II, L.P. directly holds 3,046,378 shares. Trusts associated with Divesh Makan and Matthew Jacobson include 148,973 and 48,535 shares, respectively, from these distributions; each party disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
ICONIQ STRATEGIC PARTNERS II, L.P., ICONIQ STRATEGIC PARTNERS II-B, L.P., ICONIQ Strategic Partners II Co-Invest, L.P., Series ST, ICONIQ Strategic Partners II Co-Invest, L.P. (Series ST-2), ICONIQ Strategic Partners II GP, L.P., ICONIQ Strategic Partners II TT GP, Ltd, ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., ICONIQ Strategic Partners III GP, L.P., ICONIQ Strategic Partners III TT GP, Ltd.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 556,878 | -- | -- |
| Other | Class A Common Stock | 435,948 | -- | -- |
| Other | Class A Common Stock | 229,384 | -- | -- |
| Other | Class A Common Stock | 93,636 | -- | -- |
| Other | Class A Common Stock | 113,731 | -- | -- |
| Other | Class A Common Stock | 121,522 | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,046,378 shares (Direct);
Class A Common Stock — 2,384,842 shares (Indirect, By ICONIQ Strategic Partners II-B, L.P.)
Footnotes (1)
- On July 13, 2026, ICONIQ Strategic Partners II, L.P. ("ICONIQ II") distributed, for no consideration, in the aggregate 556,878 shares of the Issuer's Class A Common Stock (the "ICONIQ II Shares") to its limited partners and to ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP"), representing each such partner's pro rata interest in such ICONIQ II Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II Shares it received in the distribution by ICONIQ II to its partners, representing each such partner's pro rata interest in such ICONIQ II Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). ICONIQ II GP is the sole general partner of ICONIQ II, ICONIQ Strategic Partners II-B, L.P. ("ICONIQ II-B"), ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series) ("ICONIQ II ST") and ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series) ("ICONIQ II ST2"). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ II Parent GP") is the sole general partner of ICONIQ II GP. ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of ICONIQ Strategic Partners V, L.P. ("ICONIQ V"), ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"), ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST) ("ICONIQ V ST") and (continued) ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2) ("ICONIQ V ST2"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP and Messrs. Makan, Griffith and Matthew Jacobson are the sole equity holders of ICONIQ V Parent GP. Each of ICONIQ II GP, ICONIQ II Parent GP, ICONIQ III GP, ICONIQ III Parent GP, ICONIQ V GP, ICONIQ V Parent GP and Messrs. Makan, Griffith and Jacobson disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. On July 13, 2026, ICONIQ II-B distributed, for no consideration, in the aggregate 435,948 shares of the Issuer's Class A Common Stock (the "ICONIQ II-B Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II-B Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II-B Shares it received in the distribution by ICONIQ II-B to its partners, representing each such partner's pro rata interest in such ICONIQ II-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. On July 13, 2026, ICONIQ II ST distributed, for no consideration, in the aggregate 229,384 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST Shares it received in the distribution by ICONIQ II ST to its partners, representing each such partner's pro rata interest in such ICONIQ II ST Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act. On July 13, 2026, ICONIQ II ST2 distributed, for no consideration, in the aggregate 93,636 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST2 Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST2 Shares it received in the distribution by ICONIQ II ST2 to its partners, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act. On July 13, 2026, ICONIQ III distributed, for no consideration, in the aggregate 113,731 shares of the Issuer's Class A Common Stock (the "ICONIQ III Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III Shares it received in the distribution by ICONIQ III to its partners, representing each such partner's pro rata interest in such ICONIQ III Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. On July 13, 2026, ICONIQ III-B distributed, for no consideration, in the aggregate 121,522 shares of the Issuer's Class A Common Stock (the "ICONIQ III-B Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III-B Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III-B Shares it received in the distribution by ICONIQ III-B to its partners, representing each such partner's pro rata interest in such ICONIQ III-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. The shares are held by Makan through his family trust of which he is a trustee and another estate planning trust having an independent trustee. Includes an aggregate of 148,973 ICONIQ II Shares, ICONIQ II-B Shares, ICONIQ II ST Shares, ICONIQ II ST2 Shares, ICONIQ III Shares and ICONIQ III-B Shares received in the distributions described herein. Makan disclaims beneficial ownership of the shares held by such trusts for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that Makan is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. The shares are held by Jacobson through a trust of which he is a trustee. Includes an aggregate of 48,535 ICONIQ II Shares, ICONIQ II-B Shares, ICONIQ II ST Shares, ICONIQ II ST2 Shares, ICONIQ III Shares and ICONIQ III-B Shares received in the distributions described herein. Jacobson disclaims beneficial ownership of the shares held by such trust for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that Jacobson is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Restructuring distributions: 1,551,099 shares
ICONIQ II distribution: 556,878 shares
ICONIQ II-B distribution: 435,948 shares
+5 more
8 metrics
Restructuring distributions
1,551,099 shares
Aggregate shares redistributed on July 13, 2026 as restructuring transactions
ICONIQ II distribution
556,878 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II, L.P.
ICONIQ II-B distribution
435,948 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II-B, L.P.
ICONIQ II ST distribution
229,384 shares
Class A shares distributed for no consideration by ICONIQ II Co-Invest (ST Series)
ICONIQ II ST2 distribution
93,636 shares
Class A shares distributed for no consideration by ICONIQ II Co-Invest (ST-2 Series)
ICONIQ III distribution
113,731 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners III, L.P.
ICONIQ III-B distribution
121,522 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners III-B, L.P.
ICONIQ II post-transaction holdings
3,046,378 shares
Direct Class A holdings of ICONIQ Strategic Partners II, L.P. after July 13, 2026
Key Terms
pro rata interest, beneficial ownership, pecuniary interest, Rules 16a-13 and 16a-9
4 terms
pro rata interest financial
"representing each such partner's pro rata interest in such ICONIQ shares"
beneficial ownership regulatory
"disclaims beneficial ownership of the securities reported herein for purposes of Section 16"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of its or his pecuniary interest therein, if any"
Rules 16a-13 and 16a-9 regulatory
"made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9"
FAQ
What did ICONIQ entities report in the ServiceTitan (TTAN) Form 4?
ICONIQ Strategic Partners funds reported internal share restructurings in ServiceTitan Class A stock. On July 13, 2026 they distributed, for no consideration, an aggregate of 1,551,099 shares to limited partners and general partners under Rules 16a-13 and 16a-9.
Did ICONIQ’s ServiceTitan (TTAN) Form 4 involve open-market buying or selling?
The Form 4 describes no open‑market purchases or sales. All reported movements are coded as “J” and detailed as pro rata, for‑no‑consideration distributions of shares from ICONIQ funds to their limited partners and related general partners under Exchange Act exemptions.
What is ICONIQ Strategic Partners II’s position in ServiceTitan (TTAN) after the transactions?
After the July 13, 2026 distributions, ICONIQ Strategic Partners II, L.P. directly holds 3,046,378 shares of ServiceTitan Class A Common Stock. This figure reflects its post‑distribution balance as reported in the Form 4’s non‑derivative holdings table for the direct ownership entry.