TTAN insider converts Class B to A, executes sales at ~$91
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan (TTAN) reported insider transactions by its Chief Executive Officer and Director via the AMKE Trust. On 11/05/2025 and 11/06/2025, the trust converted 14,263 and 46,542 shares of Class B Common Stock into Class A, then sold the resulting Class A shares in multiple trades. Weighted average sale prices were $91.72 on 11/05 (ranges: $90.97–$91.96 and $91.97–$92.21) and $91.40 on 11/06 (ranges: $89.05–$92.46). The sales were made under a Rule 10b5‑1 trading plan adopted on April 15, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,805 shares ($5,562,141)
Net Sell
15 txns
Insider
Mahdessian Ara
Role
Chief Executive Officer
Sold
60,805 shs ($5.56M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 46,542 | $0.00 | -- |
| Conversion | Class A Common Stock | 46,542 | $0.00 | -- |
| Sale | Class A Common Stock | 3,772 | $91.40 | $345K |
| Sale | Class A Common Stock | 13,374 | $91.40 | $1.22M |
| Sale | Class A Common Stock | 13,197 | $91.40 | $1.21M |
| Sale | Class A Common Stock | 16,199 | $91.40 | $1.48M |
| Conversion | Class B Common Stock | 14,263 | $0.00 | -- |
| Conversion | Class A Common Stock | 14,263 | $0.00 | -- |
| Sale | Class A Common Stock | 12,095 | $91.72 | $1.11M |
| Sale | Class A Common Stock | 2,168 | $91.72 | $199K |
| 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 — 4,558,212 shares (Indirect, By the AMKE Trust dated February 1, 2019);
Class A Common Stock — 46,542 shares (Indirect, By the AMKE Trust dated February 1, 2019);
Class B Common Stock — 3,286,683 shares (Direct)
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 $90.97 to $91.96. 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 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 $91.97 to $92.21. 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 $89.05 to $90.04. 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 $90.05 to $91.04. 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 $91.05 to $92.04. 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 $92.05 to $92.46. 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 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 were the sale prices disclosed for TTAN on those dates?
Weighted averages were $91.72 on 11/05/2025 and $91.40 on 11/06/2025, with disclosed intra-day ranges from $89.05 to $92.46.
Were the TTAN insider sales under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on April 15, 2025.
Which entity executed the TTAN transactions?
The transactions were reported as indirect ownership by the AMKE Trust dated February 1, 2019.
What type of transactions occurred in the TTAN Form 4?
Class B to Class A conversions (code C) followed by open-market sales (code S) of the converted Class A shares.
What were the reported price ranges for the TTAN sales?
11/05: $90.97–$91.96 and $91.97–$92.21. 11/06: $89.05–$90.04, $90.05–$91.04, $91.05–$92.04, and $92.05–$92.46.