ServiceTitan president sells shares to cover taxes
ServiceTitan, Inc. director and president Vahe Kuzoyan converted and sold shares in a tax-related transaction.
Rhea-AI Filing Summary
ServiceTitan, Inc. director and president Vahe Kuzoyan converted and sold shares in a tax-related transaction. He converted 3,221 shares of Class B Common Stock into 3,221 shares of Class A Common Stock and then sold 3,220.5 Class A shares at a weighted average price of $69.86 per share to cover tax withholding obligations tied to vesting restricted stock units, as mandated by the company’s equity plans.
Following these transactions, he held 3,384,934 shares of Class B Common Stock and 1.25 shares of Class A Common Stock directly, plus substantial additional Class B holdings indirectly through various trusts, including 5,503,365 shares held by the K-A Family Trust dated December 6, 2021.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
18 txns
Insider
Kuzoyan Vahe
Role
President
Sold
3,220.5 shs ($225K)
Approx. gross sale proceeds
$225K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,221 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 3,221 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 914.25 | $69.86 | $64K |
| Sale | Class A Common Stock | 1,461.5 | $69.86 | $102K |
| Sale | Class A Common Stock | 494.5 | $69.86 | $35K |
| Sale | Class A Common Stock | 169.5 | $69.86 | $12K |
| Sale | Class A Common Stock | 70 | $69.86 | $5K |
| Sale | Class A Common Stock | 110.75 | $69.86 | $8K |
| 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 — 3,384,934 contracts (Direct);
Class A Common Stock — 1.25 shares (Direct);
Class B Common Stock — 267,716 contracts (Indirect, By RA 2024 GRAT);
Class B Common Stock — 241,660 contracts (Indirect, By RA 2025 GRAT);
Class B Common Stock — 103,365 contracts (Indirect, By RA 2025-2 GRAT);
Class B Common Stock — 113,263 contracts (Indirect, By RA Irrevocable Nonexempt Trust);
Class B Common Stock — 3 contracts (Indirect, By spouse);
Class B Common Stock — 5,503,365 contracts (Indirect, By the K-A Family Trust dated December 6, 2021);
Class B Common Stock — 267,716 contracts (Indirect, By VK 2024 GRAT);
Class B Common Stock — 241,660 contracts (Indirect, By VK 2025 GRAT);
Class B Common Stock — 103,365 contracts (Indirect, By VK 2025-2 GRAT);
Class B Common Stock — 113,263 contracts (Indirect, By VK Irrevocable Nonexempt Trust)
Footnotes (9)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.33 to $69.32. 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.33 to $70.32. 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.33 to $71.32. 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.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.33 to $72.32. 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.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.33 to $73.32. 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.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.33 to $74.16. 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.
- F9. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ServiceTitan (TTAN) president Vahe Kuzoyan report in this Form 4?
Vahe Kuzoyan reported converting 3,221 Class B shares into Class A and selling 3,220.5 Class A shares. The sales were linked to tax withholding on vesting restricted stock units under the company’s equity plans.
What does the conversion of Class B to Class A stock mean at ServiceTitan (TTAN)?
The Form 4 notes each Class B share is convertible into one Class A share at the holder’s election. Class B shares also automatically convert to Class A upon certain transfers or events described in ServiceTitan’s Amended and Restated Certificate of Incorporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
