TTAN Form 4: Sherry David discloses planned insider sales on 08/11-08/12/2025
Rhea-AI Filing Summary
Sherry David, Chief Financial Officer of ServiceTitan, Inc. (TTAN), reported multiple sales of Class A common stock on 08/11/2025 and 08/12/2025. The Form 4 shows a total of 2,998 shares sold across six transactions executed pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025. The filing includes weighted-average price ranges for each group of shares and states that the reporting person will provide transaction-level price details on request.
The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/13/2025. The table lists the reporting person’s beneficial ownership after the reported transactions (most recent entry: 362,672.25 shares), indicating retained holdings following the sales.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating pre-arranged, compliant insider sales.
- Timely Form 4 disclosure filed and signed by attorney-in-fact, showing procedural compliance and transparency.
- Reporting person retained substantial holdings after the sales (most recent table figure: 362,672.25 shares).
Negative
- CFO sold 2,998 Class A shares on 08/11/2025 and 08/12/2025, which reduces insider holdings by that amount.
Insights
TL;DR: CFO executed pre-arranged sales of 2,998 Class A shares under a 10b5-1 plan; disclosure is routine and orderly.
The Form 4 discloses planned insider sales executed over two days, totaling 2,998 shares. Because the sales were made under a documented 10b5-1 trading plan adopted April 15, 2025, they represent pre-authorized dispositions rather than ad hoc trades. The filing provides weighted-average price ranges by tranche and records continued beneficial ownership (most recent table figure: 362,672.25 shares). From a financial-analysis perspective, these entries are transparent and do not, by themselves, indicate a change in company fundamentals.
TL;DR: Form 4 shows compliant insider trading under a 10b5-1 plan with prompt SEC disclosure; governance controls appear followed.
The disclosure notes that the sales were effected pursuant to a Rule 10b5-1 plan, which is a common governance mechanism to mitigate concerns about opportunistic insider trading. The Form 4 was filed and signed by an attorney-in-fact on 08/13/2025, and footnotes commit to providing transaction-level pricing on request. These elements indicate adherence to disclosure and compliance procedures; no governance violations or unexplained transactions are shown in the document itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 616 | $98.60 | $61K |
| Sale | Class A Common Stock | 883 | $98.60 | $87K |
| Sale | Class A Common Stock | 317 | $100.33 | $32K |
| Sale | Class A Common Stock | 172 | $100.33 | $17K |
| Sale | Class A Common Stock | 791 | $100.33 | $79K |
| Sale | Class A Common Stock | 219 | $100.33 | $22K |
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 $98.28 to $99.27. 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 $99.28 to $100.27. 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 $100.28 to $101.27. 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 $101.28 to $102.03. 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 $97.67 to $98.66. 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 $98.67 to $99.42. 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.
