ServiceTitan (TTAN) president details 10b5-1 share sales and conversions
Rhea-AI Filing Summary
ServiceTitan, Inc.December 15 and 16, 2025, the reporting person converted 16,388 shares of Class B Common Stock into the same number of Class A Common Stock on each day at a conversion price of $0, reflecting the dual‑class structure.
On those same dates, the insider sold multiple blocks of Class A shares under a pre‑arranged Rule 10b5‑1 trading plan adopted on April 15, 2025. Sales on December 15, 2025 included 5,967, 9,818, and 603 shares at a weighted average price of $102.82, while sales on December 16, 2025 included 1,673, 6,540, 3,686, 4,324, and 165 shares at a weighted average price of $103.99, each with detailed price ranges noted in the footnotes.
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FAQ
What insider transactions did ServiceTitan (TTAN) report in this Form 4?
The filing shows that a ServiceTitan director and President converted Class B Common Stock into Class A Common Stock on December 15 and 16, 2025 and sold multiple blocks of Class A shares on both days.
Were the ServiceTitan (TTAN) insider share sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025, indicating they followed a pre-established schedule.
At what prices were the ServiceTitan (TTAN) shares sold by the insider?
The Class A shares sold on December 15, 2025 had a weighted average price of $102.82, with trades between $101.75 and $104.24. On December 16, 2025, the weighted average price was $103.99, with trades between $101.89 and $105.94, as detailed in the footnotes.
What does the Class B to Class A conversion mean for ServiceTitan (TTAN) shares?
The filing explains that each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the holder's election and will automatically convert upon certain transfers or events, as set out in the company’s amended and restated certificate of incorporation.
How many ServiceTitan (TTAN) shares were converted before the insider sales?
On each of December 15 and 16, 2025, the reporting person converted 16,388 shares of Class B Common Stock into 16,388 shares of Class A Common Stock before the reported sales.
Does the ServiceTitan (TTAN) insider continue to hold shares after these transactions?
Yes. The tables show the insider continues to beneficially own Class B Common Stock directly, with 3,440,357 and then 3,423,970 shares reported after the December 15 and 16, 2025 transactions, and also holds Class A Common Stock indirectly through several trusts, including 5,513,065 shares held by the K-A Family Trust dated December 6, 2021.