[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan, Inc. (TTAN) – Form 4 insider transaction

Chief Financial Officer David Sherry reported four sell transactions dated 26 June 2025 involving the company’s Class A common stock. The sales were executed under transaction code “S” and are expressly described as a mandatory “sell-to-cover” arrangement to satisfy tax-withholding obligations that arose when restricted stock units (RSUs) vested following the expiry of the IPO lock-up period. Therefore, they do not reflect discretionary portfolio decisions by the insider.

• Total shares sold: 16,630 (4,856 + 8,244 + 3,024 + 506)
• Weighted average price: $104.65, with actual trade ranges of $103.20-$106.57 as detailed in footnotes 2-5.
• Approximate gross proceeds: ~$1.74 million (16,630 × $104.65).
• Shares remaining under direct ownership: 368,678.25, indicating the CFO retains roughly 96% of his pre-sale holdings (≈385,308 shares).

The filing is routine for newly vested equity awards and does not signify a change in strategic outlook. Investors may note that the insider continues to hold a substantial stake, preserving alignment with shareholder interests, while the added float of 16,630 shares is immaterial relative to ServiceTitan’s total shares outstanding (not disclosed in this document).

Positive

• Insider retains 368,678.25 shares, preserving strong alignment with shareholders.
• Sale was non-discretionary and linked to tax-withholding, limiting negative signaling effect.

Negative

• 16,630 additional shares enter the public float, creating minor incremental selling pressure.
• Insider ownership decreased by roughly 4.3%, which some investors may still interpret cautiously.

Insights

Securities Analyst

TL;DR: Mandatory sell-to-cover; neutral signal, minimal float impact.

Because the reported sales were required to cover tax obligations on vested RSUs, they lack the informational value normally associated with discretionary insider selling. The CFO’s remaining stake of approximately 369k shares maintains strong ownership alignment. At ~$1.7 million, the transaction is modest relative to typical daily trading volumes for recent IPOs in this price range (volume not provided here). Consequently, the filing should be viewed as non-impactful to the investment thesis or near-term valuation.

Corporate Governance Specialist

TL;DR: Compliance-driven sale; board-aligned ownership remains high.

From a governance perspective, ServiceTitan’s election to mandate sell-to-cover transactions reduces the risk of insider tax-payment shortfalls and enhances process transparency. The Form 4 footnotes explicitly document pricing ranges, further supporting disclosure quality. There is no indication of opportunistic selling or adverse information asymmetry. Overall board-level alignment is preserved given the CFO’s large residual position.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sherry David

(Last) (First) (Middle)

C/O SERVICETITAN, INC.

800 N. BRAND BLVD., SUITE 100

(Street)

GLENDALE CA 91203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ServiceTitan, Inc. [ TTAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/26/2025		S(1)		4,856	D	$104.65(2)	380,452.25	D
Class A Common Stock	06/26/2025		S(1)		8,244	D	$104.65(3)	372,208.25	D
Class A Common Stock	06/26/2025		S(1)		3,024	D	$104.65(4)	369,184.25	D
Class A Common Stock	06/26/2025		S(1)		506	D	$104.65(5)	368,678.25	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares sold to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of restricted stock units, which had vested with respect to the service-based vesting condition and subsequently satisfied the liquidity-event vesting condition two weeks following the expiration date of lock-up period following the Issuer's initial public offering. 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.20 to $104.19. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.20 to $105.19. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.20 to $106.19. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.20 to $106.57. The Reporting Person undertakes to provide to 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.

	/s/ Scott Booth, Attorney-in-Fact	06/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ServiceTitan (TTAN) shares did CFO David Sherry sell?

He sold 16,630 Class A common shares on 26 June 2025.

Why were the TTAN shares sold according to the Form 4?

The sales were mandatory “sell-to-cover” transactions to pay taxes on vested RSUs.

What was the weighted average sale price of the shares?

The weighted average price reported was $104.65 per share.

How many TTAN shares does the CFO still own after the transaction?

Following the sales, he owns approximately 368,678.25 shares directly.

Do these insider sales indicate negative sentiment toward ServiceTitan stock?

The filing specifies the sales were non-discretionary; therefore, they do not imply a change in the CFO’s outlook.