ServiceTitan (TTAN) CEO converts B to A shares and executes 10b5-1 sales

Rhea-AI Filing Summary

Mahdessian Ara, Chief Executive Officer and Director of ServiceTitan, Inc. (TTAN), reported multiple transactions on August 20-21, 2025. The filings show conversion of Class B into Class A shares and a series of sales executed pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025. On 08/20/2025 the reporting person converted 40,147 Class B shares into 40,147 Class A shares and sold 31,829, 7,586 and 732 Class A shares at weighted-average prices in ranges from $101.94 to $104.68, leaving 0 to 8,318 shares in the referenced trust positions after those trades. On 08/21/2025 the reporting person converted 45,185 Class B into Class A and sold 2,797, 9,268 and 33,120 Class A shares at weighted-average prices in ranges from $101.68 to $104.46, with certain positions reduced to zero. The Form 4 notes the conversions are routine Class B-to-A conversions and that full per-price breakdowns are available on request.

Insights

Financial Analyst

TL;DR: CEO executed planned conversions and substantial sales under a 10b5-1 plan across two days, realizing proceeds at ~ $102–104 per share.

The reported activity documents routine conversion of Class B into Class A shares followed by multiple disposals on 08/20/2025 and 08/21/2025 under a Rule 10b5-1 plan adopted April 15, 2025. Sales occurred at weighted-average prices reported in specified ranges between $101.94 and $104.68. Aggregate per-day share movements reduced certain beneficial holdings to zero in trust accounts and changed beneficial ownership counts reported on Form 4. These are material insider transactions for market transparency but reflect execution under a pre-established trading plan rather than ad hoc selling.

Corporate Governance Expert

TL;DR: Transactions follow a disclosed 10b5-1 plan and include conversions that automatically convert Class B to Class A; reporting appears complete.

The filing identifies Mahdessian Ara as both CEO and director and discloses conversions of Class B to Class A shares and subsequent sales. The Form 4 includes explanatory footnotes about weighted-average pricing and the 10b5-1 plan, which supports compliance with insider-trading safe-harbors. The signature by an attorney-in-fact is provided. The filing documents the mechanics of transfers and conversions without indicating any undisclosed event; it fulfills Section 16 reporting requirements for these transactions.

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
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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).

X

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^*

Mahdessian Ara

(Last) (First) (Middle)

C/O SERVICETITAN

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		C(1)		40,147	A	$0	40,147	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/20/2025		S(2)		31,829	D	$102.71(3)	8,318	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/20/2025		S(2)		7,586	D	$102.71(4)	732	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/20/2025		S(2)		732	D	$102.71(5)	0	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/21/2025		C(1)		45,185	A	$0	45,185	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/21/2025		S(2)		2,797	D	$103.71(6)	42,388	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/21/2025		S(2)		9,268	D	$103.71(7)	33,120	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	08/21/2025		S(2)		33,120	D	$103.71(8)	0	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock								0.75	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
Class B Common Stock	(9)	08/20/2025		C(1)			40,147	(9)	(9)	Class A Common Stock	40,147	$0	4,813,534	I	By the AMKE Trust dated February 1, 2019
Class B Common Stock	(9)	08/21/2025		C(1)			45,185	(9)	(9)	Class A Common Stock	45,185	$0	4,768,349	I	By the AMKE Trust dated February 1, 2019
Class B Common Stock	(9)							(9)	(9)	Class A Common Stock	3,289,741		3,289,741	D
Class B Common Stock	(9)							(9)	(9)	Class A Common Stock	185,366		185,366	I	By AM 2025 GRAT
Class B Common Stock	(9)							(9)	(9)	Class A Common Stock	185,366		185,366	I	By KE 2025 GRAT
Class B Common Stock	(9)							(9)	(9)	Class A Common Stock	429,035		429,035	I	By KE 2024 GRAT
Class B Common Stock	(9)							(9)	(9)	Class A Common Stock	429,035		429,035	I	By AM 2024 GRAT

Explanation of Responses:

1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.94 to $102.93. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.94 to $103.93. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.94 to $104.68. 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.68 to $102.67. 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.68 to $103.67. 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.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.68 to $104.46. 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 with the range set forth in this footnote.

9. 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.

	/s/ Olive Huang, Attorney-in-Fact	08/21/2025
	** 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).
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FAQ

What trades did Mahdessian Ara report for ServiceTitan (TTAN)?

Mahdessian Ara reported conversions of Class B to Class A and multiple sales on 08/20/2025 and 08/21/2025, with sold blocks at weighted-average prices in ranges from $101.94 to $104.68.

Were the sales by the CEO of TTAN part of a trading plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025.

How many Class A shares were converted and acquired on 08/20 and 08/21/2025?

On 08/20/2025 40,147 Class B converted to 40,147 Class A; on 08/21/2025 45,185 Class B converted to 45,185 Class A.

What price ranges were reported for the TTAN share sales?

Weighted-average prices span multiple ranges: $101.94–$102.93, $102.94–$103.93, $103.94–$104.68, $101.68–$102.67, $102.68–$103.67, and $103.68–$104.46 as disclosed in footnotes.

Did the filing indicate who signed the Form 4 for TTAN?

The Form 4 was signed by Olive Huang, Attorney-in-Fact, on 08/21/2025, as shown in the filing.