ServiceTitan (TTAN) CEO-linked trust sells 51,947 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. CEO Ara Mahdessian reported indirect trust activity in company stock. The AMKE Trust dated February 1, 2019 converted 51,947 shares of Class B Common Stock into the same number of Class A shares, then sold 51,947 Class A shares in open-market transactions at a weighted average price of $80.98 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, the trust holds 51,947 Class A shares and 4,292,074 Class B shares indirectly, and Mahdessian also has additional direct and indirect Class A and Class B holdings through various trusts, GRATs and a spouse account.
Positive
- None.
Negative
- None.
Insights
Trust linked to the CEO converted and sold 51,947 ServiceTitan shares under a pre-set 10b5-1 plan.
The filing shows the AMKE Trust associated with CEO Ara Mahdessian converting 51,947 Class B shares into Class A, then selling the same number of Class A shares at a weighted average of $80.98. Code C identifies the conversion, and code S identifies open-market sales.
Footnotes confirm these sales were executed under a Rule 10b5-1 trading plan adopted on January 15, 2026, indicating they were pre-scheduled rather than opportunistic. After the transactions, the trust still holds 51,947 Class A and 4,292,074 Class B shares, and other direct and indirect positions remain, so this appears as a routine, planned liquidity event rather than a transformative change in ownership.
Insider Trade Summary 10b5-1
Net Seller: 51,947 shares ($4,206,668)
Net Sell
14 txns
Insider
Mahdessian Ara
Role
Chief Executive Officer
Sold
51,947 shs ($4.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 51,947 | $0.00 | -- |
| Conversion | Class A Common Stock | 51,947 | $0.00 | -- |
| Sale | Class A Common Stock | 23,720 | $80.98 | $1.92M |
| Sale | Class A Common Stock | 28,048 | $80.98 | $2.27M |
| Sale | Class A Common Stock | 179 | $80.98 | $14K |
| 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 A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,292,074 shares (Indirect, By the AMKE Trust dated February 1, 2019);
Class A Common Stock — 51,947 shares (Indirect, By the AMKE Trust dated February 1, 2019);
Class B Common Stock — 3,278,327 shares (Direct, null);
Class A Common Stock — 1.75 shares (Direct, null)
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the AMKE Trust dated February 1, 2019. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.99. 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 $81.00 to $81.99. 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 $82.00 to $82.53. 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 sold: 51,947 shares
Weighted average sale price: $80.98 per share
Shares converted: 51,947 shares
+3 more
6 metrics
Shares sold
51,947 shares
Class A Common Stock sold by AMKE Trust in open market
Weighted average sale price
$80.98 per share
Open-market sales of Class A Common Stock
Shares converted
51,947 shares
Class B converted into Class A by AMKE Trust
Class A held after
51,947 shares
Class A Common Stock indirectly held by AMKE Trust post-transaction
Class B held after
4,292,074 shares
Class B Common Stock indirectly held by AMKE Trust post-transaction
Net buy/sell shares
-51,947 shares
Net share change from reported buy/sell activity
Key Terms
Rule 10b5-1 trading plan, weighted average price, conversion of derivative security, Class B Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
Class B Common Stock financial
"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."
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.
Grantor Retained Annuity Trust financial
"nature_of_ownership": "KE 2026 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.
FAQ
What insider activity did ServiceTitan (TTAN) disclose in this Form 4?
ServiceTitan reported that the AMKE Trust linked to CEO Ara Mahdessian converted 51,947 Class B shares into Class A and sold 51,947 Class A shares in open-market trades at a weighted average price of $80.98 per share.
Were the ServiceTitan (TTAN) insider sales pre-planned under a Rule 10b5-1 plan?
Yes. A footnote states the reported sales were effected under a Rule 10b5-1 trading plan adopted on January 15, 2026. Such plans pre-schedule trades, signaling the timing was determined in advance rather than based on short-term market developments.
What is the relationship between ServiceTitan (TTAN) Class B and Class A Common Stock in this filing?
A footnote explains each share of ServiceTitan Class B Common Stock is convertible into one share of Class A Common Stock at the holder’s election. Class B also generally converts automatically to Class A upon transfers or certain specified events under the company’s charter.