TTAN Form 4: CFO Sherry David Disposes of 2,998 Class A Shares
Rhea-AI Filing Summary
ServiceTitan CFO Sherry David reported four sales of Class A common stock on September 2-3, 2025, executed under a Rule 10b5-1 trading plan adopted April 15, 2025. The transactions total 2,998 shares sold at weighted-average prices in ranges from $101.90 to $104.91, with reported weighted-average prices shown of $103.90 and $102.96 for different tranches. Following these disposals, the filing shows beneficial ownership of 359,674.25 shares. The Form 4 was signed by an attorney-in-fact on September 4, 2025. All information below is taken directly from the Form 4 filing.
Positive
- Sales were executed under a Rule 10b5-1 trading plan adopted April 15, 2025, which is explicitly disclosed in the filing
- Form 4 was signed and filed promptly (transactions 09/02–09/03/2025; signature dated 09/04/2025)
Negative
- Insider disposed of 2,998 shares across four transactions, reducing beneficial ownership to 359,674.25 shares
- Filing does not disclose gross or net proceeds from the sales (only weighted-average prices and ranges are provided)
Insights
TL;DR: Insider sales of 2,998 shares under a pre-established 10b5-1 plan, reducing holdings to 359,674.25 shares; transactions at ~$102–$105.
These sales were executed pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025, and occurred on September 2-3, 2025. The filing discloses weighted-average prices and price ranges for the multiple executions but does not state proceeds or percentage ownership change versus prior holdings. From a trading-impact perspective, the amounts are modest in isolation and the 10b5-1 designation indicates preplanned disposition rather than ad hoc sales; the Form 4 contains no additional material financial information.
TL;DR: Officer-level insider used an established 10b5-1 plan for multiple small share dispositions; filing appears complete and timely.
The report shows the Chief Financial Officer as the reporting person and includes the required explanatory footnotes describing weighted-average prices and price ranges for each tranche. The Form 4 is signed by an attorney-in-fact on September 4, 2025. The filing provides no indication of any governance or compliance issues and contains only routine disclosures of insider sales executed under a pre-existing trading plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 460 | $102.96 | $47K |
| Sale | Class A Common Stock | 1,039 | $102.96 | $107K |
| Sale | Class A Common Stock | 1,230 | $103.90 | $128K |
| Sale | Class A Common Stock | 269 | $103.90 | $28K |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.22 to $104.21. 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 $104.22 to $104.91. 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 $101.90 to $102.89. 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 $102.90 to $103.69. 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.