ServiceTitan (NASDAQ: TTAN) sees 1.55M ICONIQ share distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. major holders affiliated with ICONIQ Strategic Partners reported internal reallocations of Class A Common Stock. On July 13, 2026, several ICONIQ funds made in‑kind, for‑no‑consideration distributions totaling 1,551,099 shares to their limited partners and related general partners under Exchange Act Rules 16a-13 and 16a-9. After these transactions, ICONIQ Strategic Partners II, L.P. reports 3,046,378 shares held directly, and various ICONIQ vehicles and trusts associated with Divesh Makan and Matthew Jacobson report revised indirect holdings, with beneficial ownership generally disclaimed beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
ICONIQ STRATEGIC PARTNERS II, L.P., Makan Divesh, Jacobson Matthew
Role
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
Restructured shares: 1,551,099 shares
ICONIQ II distribution: 556,878 shares
ICONIQ II-B distribution: 435,948 shares
+4 more
7 metrics
Restructured shares
1,551,099 shares
Aggregate Class A shares distributed in kind by ICONIQ funds on July 13, 2026
ICONIQ II distribution
556,878 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II, L.P. on July 13, 2026
ICONIQ II-B distribution
435,948 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II-B, L.P. on July 13, 2026
ICONIQ II ST distribution
229,384 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series)
Direct holdings after transactions
3,046,378 shares
ServiceTitan Class A shares held directly following July 13, 2026 transactions by ICONIQ Strategic Partners II, L.P.
Indirect holdings by Divesh Makan
506,720 shares
Class A shares held indirectly “By Divesh Makan” as of July 13, 2026, via trusts and related entities
Indirect holdings by Matthew Jacobson
160,693 shares
Class A shares held indirectly “By Matthew Jacobson” as of July 13, 2026, via a trust
Key Terms
Rule 16a-13, Rule 16a-9, Section 16 of the Exchange Act, beneficial ownership, +1 more
5 terms
Rule 16a-13 regulatory
"exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act"
Rule 16a-9 regulatory
"exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act"
Section 16 of the Exchange Act regulatory
"disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act"
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.
estate planning trust financial
"family trust of which he is a trustee and another estate planning trust having an independent trustee"
FAQ
What did ICONIQ Strategic Partners report for ServiceTitan (TTAN) in this Form 4?
ICONIQ-affiliated reporting persons disclosed internal reallocations of ServiceTitan Class A Common Stock. On July 13, 2026, several ICONIQ funds distributed a combined 1,551,099 shares in kind to limited partners and related general partners for no consideration under Exchange Act Rules 16a-13 and 16a-9.
Were the ServiceTitan (TTAN) Form 4 transactions market purchases or sales?
The reported Form 4 transactions were not open‑market buys or sells. They are coded as “J” transactions and described as in‑kind, for‑no‑consideration distributions by ICONIQ funds to their partners, relying on Exchange Act Rules 16a-13 and 16a-9 exemptions for internal reallocations.
What indirect ServiceTitan (TTAN) holdings do Divesh Makan and Matthew Jacobson report?
As of July 13, 2026, entities “By Divesh Makan” report 506,720 ServiceTitan shares held indirectly, including 148,973 shares from the described distributions, while entities “By Matthew Jacobson” report 160,693 shares indirectly, including 48,535 distributed shares. Both disclaim beneficial ownership beyond their pecuniary interests.
How are the ICONIQ estate and family trusts involved in ServiceTitan (TTAN) holdings?
Certain ServiceTitan shares are held through family and estate planning trusts associated with Divesh Makan and Matthew Jacobson. These trusts received portions of the distributed ICONIQ II, II-B, II ST, II ST2, III and III-B shares, with the individuals disclaiming beneficial ownership except for any economic interest.