ServiceTitan (TTAN) president converts Class B and sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. president Vahe Kuzoyan reported a combination of share conversions and tax‑related sales. He converted 3,208 shares of Class B Common Stock into the same number of Class A shares, then sold 3,208 Class A shares at a weighted average of $66.19 per share. According to the disclosure, these sales were made to satisfy tax withholding obligations tied to vesting restricted stock units under the company’s equity plans and were not discretionary trades. After these transactions, he directly holds 2,562.56 Class A shares, alongside substantial indirect interests in Class B shares through multiple family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,208 shares ($212,338)
Net Sell
18 txns
Insider
Kuzoyan Vahe
Role
President
Sold
3,208 shs ($212K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,208 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,208 | $0.00 | -- |
| Sale | Class A Common Stock | 646.69 | $66.19 | $43K |
| Sale | Class A Common Stock | 874.21 | $66.19 | $58K |
| Sale | Class A Common Stock | 977.33 | $66.19 | $65K |
| Sale | Class A Common Stock | 513.5 | $66.19 | $34K |
| Sale | Class A Common Stock | 163.35 | $66.19 | $11K |
| Sale | Class A Common Stock | 32.92 | $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 — 3,381,726 shares (Direct, null);
Class A Common Stock — 3,209.25 shares (Direct, null);
Class B Common Stock — 267,716 shares (Indirect, By RA 2024 GRAT)
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person. 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. 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. 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. 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. 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. 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. 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. 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.
Key Figures
Shares converted: 3,208 shares
Shares sold: 3,208 shares
Sale price: $66.19 per share
+3 more
6 metrics
Shares converted
3,208 shares
Class B to Class A conversion on 2026-06-17
Shares sold
3,208 shares
Class A open-market sales to cover RSU taxes
Sale price
$66.19 per share
Weighted average sale price for Class A shares
Direct Class A holdings
2,562.56 shares
Direct ownership after reported transactions
Net share change
-3,208 shares
Net buy/sell shares across reported transactions
K-A Family Trust Class B
5,503,365 shares
Indirect Class B interest via K-A Family Trust
Key Terms
restricted stock units, sell to cover, Class B Common Stock, Class A Common Stock, +2 more
6 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
"require 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.
Class A Common Stock financial
"conversion of Class B Common Stock into Class A Common Stock held of record"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grantor retained annuity trust financial
"By VK 2025 GRAT"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transactions did ServiceTitan (TTAN) president Vahe Kuzoyan report?
Vahe Kuzoyan reported converting 3,208 Class B shares into Class A and selling 3,208 Class A shares at a weighted average price of $66.19 per share, mainly to cover tax withholding obligations from restricted stock unit vesting.
Did the Form 4 show any derivative conversions for ServiceTitan (TTAN) insider Vahe Kuzoyan?
Yes. The Form 4 reports a conversion of 3,208 shares of Class B Common Stock into 3,208 shares of Class A Common Stock. This derivative conversion preceded the sale of the same number of Class A shares to fund tax withholding obligations related to restricted stock unit vesting.