STOCK TITAN

[Form 4] ServiceTitan, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

ServiceTitan Director Michael Maurice Brown reported multiple transactions and holdings in a Form 4 filing dated June 28, 2025. The key transaction involves the acquisition of 1,891 restricted stock units (RSUs) on June 18, 2025, granted under the company's non-employee director compensation program. These RSUs will fully vest on September 15, 2026, contingent on continued board service.

Brown's beneficial ownership includes:

  • Direct ownership of 11,202 shares of Class A Common Stock
  • Indirect holdings through various Battery Ventures entities totaling approximately 4.3 million shares, including: - Battery Ventures XI-A: 1,589,230 shares - Battery Ventures XI-A Side Fund: 1,651,108 shares - Other Battery-affiliated entities: ~1.1 million shares combined
  • Additional 3,127 shares held in an irrevocable GST trust

The filing reflects recent pro rata distributions from various Battery entities to their members, which represented changes in form of ownership not previously requiring Section 16 reporting.

Michael Maurice Brown, Direttore di ServiceTitan, ha dichiarato diverse transazioni e partecipazioni in un modulo Form 4 datato 28 giugno 2025. L'operazione principale riguarda l'acquisizione di 1.891 unità azionarie vincolate (RSU) il 18 giugno 2025, concesse nell'ambito del programma di compensazione per direttori non dipendenti della società. Queste RSU matureranno completamente il 15 settembre 2026, a condizione che Brown continui a far parte del consiglio.

La proprietà effettiva di Brown comprende:

  • Possesso diretto di 11.202 azioni di Classe A Common Stock
  • Partecipazioni indirette tramite varie entità di Battery Ventures per un totale di circa 4,3 milioni di azioni, tra cui:
    • Battery Ventures XI-A: 1.589.230 azioni
    • Battery Ventures XI-A Side Fund: 1.651.108 azioni
    • Altre entità affiliate a Battery: circa 1,1 milioni di azioni complessive
  • Ulteriori 3.127 azioni detenute in un trust irrevocabile GST

Il deposito riflette recenti distribuzioni pro rata da varie entità di Battery ai loro membri, che rappresentano cambiamenti nella forma di proprietà che in precedenza non richiedevano la segnalazione ai sensi della Sezione 16.

Michael Maurice Brown, Director de ServiceTitan, reportó múltiples transacciones y participaciones en una presentación de Formulario 4 fechada el 28 de junio de 2025. La transacción clave implica la adquisición de 1,891 unidades restringidas de acciones (RSUs) el 18 de junio de 2025, otorgadas bajo el programa de compensación para directores no empleados de la compañía. Estas RSUs se consolidarán completamente el 15 de septiembre de 2026, condicionado a la continuación del servicio en la junta.

La propiedad beneficiaria de Brown incluye:

  • Propiedad directa de 11,202 acciones de Clase A Common Stock
  • Participaciones indirectas a través de varias entidades de Battery Ventures que suman aproximadamente 4.3 millones de acciones, incluyendo:
    • Battery Ventures XI-A: 1,589,230 acciones
    • Battery Ventures XI-A Side Fund: 1,651,108 acciones
    • Otras entidades afiliadas a Battery: alrededor de 1.1 millones de acciones combinadas
  • Adicionales 3,127 acciones mantenidas en un fideicomiso irrevocable GST

La presentación refleja distribuciones pro rata recientes de varias entidades de Battery a sus miembros, que representaron cambios en la forma de propiedad que anteriormente no requerían reporte bajo la Sección 16.

ServiceTitan 이사 마이클 모리스 브라운은 2025년 6월 28일자 Form 4 신고서에서 여러 거래 및 보유 내역을 보고했습니다. 주요 거래는 2025년 6월 18일에 회사의 비임원 이사 보상 프로그램에 따라 부여된 1,891개의 제한 주식 단위(RSU) 취득입니다. 이 RSU는 2026년 9월 15일에 완전히 베스팅되며, 계속 이사회에 참여하는 조건입니다.

브라운의 실질 소유권은 다음과 같습니다:

  • 직접 소유 11,202주의 클래스 A 보통주
  • 여러 Battery Ventures 관련 법인을 통한 간접 보유430만 주로 구성, 포함:
    • Battery Ventures XI-A: 1,589,230주
    • Battery Ventures XI-A Side Fund: 1,651,108주
    • 기타 Battery 관련 법인: 약 110만 주 합산
  • 추가로 3,127주는 취소 불가능한 GST 신탁에 보유 중

이번 신고는 Battery의 여러 법인으로부터 구성원들에게 최근에 이루어진 비례 배분을 반영하며, 이는 이전에 섹션 16 보고 의무가 없었던 소유 형태의 변동을 나타냅니다.

Michael Maurice Brown, Directeur de ServiceTitan, a déclaré plusieurs transactions et participations dans un dépôt Formulaire 4 daté du 28 juin 2025. La transaction principale concerne l'acquisition de 1 891 unités d'actions restreintes (RSU) le 18 juin 2025, attribuées dans le cadre du programme de rémunération des administrateurs non salariés de la société. Ces RSU seront totalement acquises le 15 septembre 2026, sous réserve de la poursuite du service au conseil d'administration.

La propriété bénéficiaire de Brown comprend :

  • Possession directe de 11 202 actions de Classe A Common Stock
  • Participations indirectes via diverses entités Battery Ventures totalisant environ 4,3 millions d'actions, incluant :
    • Battery Ventures XI-A : 1 589 230 actions
    • Battery Ventures XI-A Side Fund : 1 651 108 actions
    • Autres entités affiliées à Battery : environ 1,1 million d'actions combinées
  • De plus, 3 127 actions détenues dans un trust GST irrévocable

Le dépôt reflète des distributions pro rata récentes de diverses entités Battery à leurs membres, représentant des changements dans la forme de propriété qui ne nécessitaient pas auparavant de déclaration en vertu de la Section 16.

ServiceTitan-Direktor Michael Maurice Brown meldete mehrere Transaktionen und Beteiligungen in einer Form 4-Einreichung vom 28. Juni 2025. Die Haupttransaktion betrifft den Erwerb von 1.891 eingeschränkten Aktieneinheiten (RSUs) am 18. Juni 2025, die im Rahmen des Vergütungsprogramms für nicht angestellte Direktoren des Unternehmens gewährt wurden. Diese RSUs werden am 15. September 2026 vollständig übertragen, vorausgesetzt, der Vorstandsdienst wird fortgesetzt.

Browns wirtschaftliches Eigentum umfasst:

  • Direktbesitz von 11.202 Aktien der Klasse A Common Stock
  • Indirekte Beteiligungen über verschiedene Battery Ventures-Einheiten mit insgesamt etwa 4,3 Millionen Aktien, darunter:
    • Battery Ventures XI-A: 1.589.230 Aktien
    • Battery Ventures XI-A Side Fund: 1.651.108 Aktien
    • Weitere Battery-verbundene Einheiten: ca. 1,1 Millionen Aktien zusammen
  • Zusätzlich 3.127 Aktien in einem unwiderruflichen GST-Trust gehalten

Die Einreichung spiegelt jüngste anteilige Ausschüttungen verschiedener Battery-Einheiten an ihre Mitglieder wider, die Änderungen in der Eigentumsform darstellen, die zuvor keine Meldung nach Abschnitt 16 erforderten.

Positive
  • Director Michael Brown received 1,891 RSUs as part of standard board compensation, vesting in September 2026, demonstrating continued long-term alignment with shareholders
Negative
  • None.

Michael Maurice Brown, Direttore di ServiceTitan, ha dichiarato diverse transazioni e partecipazioni in un modulo Form 4 datato 28 giugno 2025. L'operazione principale riguarda l'acquisizione di 1.891 unità azionarie vincolate (RSU) il 18 giugno 2025, concesse nell'ambito del programma di compensazione per direttori non dipendenti della società. Queste RSU matureranno completamente il 15 settembre 2026, a condizione che Brown continui a far parte del consiglio.

La proprietà effettiva di Brown comprende:

  • Possesso diretto di 11.202 azioni di Classe A Common Stock
  • Partecipazioni indirette tramite varie entità di Battery Ventures per un totale di circa 4,3 milioni di azioni, tra cui:
    • Battery Ventures XI-A: 1.589.230 azioni
    • Battery Ventures XI-A Side Fund: 1.651.108 azioni
    • Altre entità affiliate a Battery: circa 1,1 milioni di azioni complessive
  • Ulteriori 3.127 azioni detenute in un trust irrevocabile GST

Il deposito riflette recenti distribuzioni pro rata da varie entità di Battery ai loro membri, che rappresentano cambiamenti nella forma di proprietà che in precedenza non richiedevano la segnalazione ai sensi della Sezione 16.

Michael Maurice Brown, Director de ServiceTitan, reportó múltiples transacciones y participaciones en una presentación de Formulario 4 fechada el 28 de junio de 2025. La transacción clave implica la adquisición de 1,891 unidades restringidas de acciones (RSUs) el 18 de junio de 2025, otorgadas bajo el programa de compensación para directores no empleados de la compañía. Estas RSUs se consolidarán completamente el 15 de septiembre de 2026, condicionado a la continuación del servicio en la junta.

La propiedad beneficiaria de Brown incluye:

  • Propiedad directa de 11,202 acciones de Clase A Common Stock
  • Participaciones indirectas a través de varias entidades de Battery Ventures que suman aproximadamente 4.3 millones de acciones, incluyendo:
    • Battery Ventures XI-A: 1,589,230 acciones
    • Battery Ventures XI-A Side Fund: 1,651,108 acciones
    • Otras entidades afiliadas a Battery: alrededor de 1.1 millones de acciones combinadas
  • Adicionales 3,127 acciones mantenidas en un fideicomiso irrevocable GST

La presentación refleja distribuciones pro rata recientes de varias entidades de Battery a sus miembros, que representaron cambios en la forma de propiedad que anteriormente no requerían reporte bajo la Sección 16.

ServiceTitan 이사 마이클 모리스 브라운은 2025년 6월 28일자 Form 4 신고서에서 여러 거래 및 보유 내역을 보고했습니다. 주요 거래는 2025년 6월 18일에 회사의 비임원 이사 보상 프로그램에 따라 부여된 1,891개의 제한 주식 단위(RSU) 취득입니다. 이 RSU는 2026년 9월 15일에 완전히 베스팅되며, 계속 이사회에 참여하는 조건입니다.

브라운의 실질 소유권은 다음과 같습니다:

  • 직접 소유 11,202주의 클래스 A 보통주
  • 여러 Battery Ventures 관련 법인을 통한 간접 보유430만 주로 구성, 포함:
    • Battery Ventures XI-A: 1,589,230주
    • Battery Ventures XI-A Side Fund: 1,651,108주
    • 기타 Battery 관련 법인: 약 110만 주 합산
  • 추가로 3,127주는 취소 불가능한 GST 신탁에 보유 중

이번 신고는 Battery의 여러 법인으로부터 구성원들에게 최근에 이루어진 비례 배분을 반영하며, 이는 이전에 섹션 16 보고 의무가 없었던 소유 형태의 변동을 나타냅니다.

Michael Maurice Brown, Directeur de ServiceTitan, a déclaré plusieurs transactions et participations dans un dépôt Formulaire 4 daté du 28 juin 2025. La transaction principale concerne l'acquisition de 1 891 unités d'actions restreintes (RSU) le 18 juin 2025, attribuées dans le cadre du programme de rémunération des administrateurs non salariés de la société. Ces RSU seront totalement acquises le 15 septembre 2026, sous réserve de la poursuite du service au conseil d'administration.

La propriété bénéficiaire de Brown comprend :

  • Possession directe de 11 202 actions de Classe A Common Stock
  • Participations indirectes via diverses entités Battery Ventures totalisant environ 4,3 millions d'actions, incluant :
    • Battery Ventures XI-A : 1 589 230 actions
    • Battery Ventures XI-A Side Fund : 1 651 108 actions
    • Autres entités affiliées à Battery : environ 1,1 million d'actions combinées
  • De plus, 3 127 actions détenues dans un trust GST irrévocable

Le dépôt reflète des distributions pro rata récentes de diverses entités Battery à leurs membres, représentant des changements dans la forme de propriété qui ne nécessitaient pas auparavant de déclaration en vertu de la Section 16.

ServiceTitan-Direktor Michael Maurice Brown meldete mehrere Transaktionen und Beteiligungen in einer Form 4-Einreichung vom 28. Juni 2025. Die Haupttransaktion betrifft den Erwerb von 1.891 eingeschränkten Aktieneinheiten (RSUs) am 18. Juni 2025, die im Rahmen des Vergütungsprogramms für nicht angestellte Direktoren des Unternehmens gewährt wurden. Diese RSUs werden am 15. September 2026 vollständig übertragen, vorausgesetzt, der Vorstandsdienst wird fortgesetzt.

Browns wirtschaftliches Eigentum umfasst:

  • Direktbesitz von 11.202 Aktien der Klasse A Common Stock
  • Indirekte Beteiligungen über verschiedene Battery Ventures-Einheiten mit insgesamt etwa 4,3 Millionen Aktien, darunter:
    • Battery Ventures XI-A: 1.589.230 Aktien
    • Battery Ventures XI-A Side Fund: 1.651.108 Aktien
    • Weitere Battery-verbundene Einheiten: ca. 1,1 Millionen Aktien zusammen
  • Zusätzlich 3.127 Aktien in einem unwiderruflichen GST-Trust gehalten

Die Einreichung spiegelt jüngste anteilige Ausschüttungen verschiedener Battery-Einheiten an ihre Mitglieder wider, die Änderungen in der Eigentumsform darstellen, die zuvor keine Meldung nach Abschnitt 16 erforderten.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BROWN MICHAEL MAURICE

(Last) (First) (Middle)
C/O BATTERY VENTURES
ONE MARINA PARK DRIVE, SUITE 1100

(Street)
BOSTON MA 02210

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ServiceTitan, Inc. [ TTAN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/18/2025 A 1,891(1) A $0 11,202(2) D
Class A Common Stock 3,127(2)(3) I By Trust(4)
Class A Common Stock 73,638(5) I By Battery Investment Partners XI, LLC(6)
Class A Common Stock 1,589,230(5) I By Battery Ventures XI-A, L.P.(7)
Class A Common Stock 419,902(5) I By Battery Ventures XI-B, L.P.(8)
Class A Common Stock 1,651,108(5) I By Battery Ventures XI-A Side Fund, L.P.(9)
Class A Common Stock 358,028(5) I By Battery Ventures XI-B Side Fund, L.P.(10)
Class A Common Stock 20,371 I By Battery Investment Partners Select Fund I, L.P.(11)
Class A Common Stock 205,999 I By Battery Ventures Select Fund I, L.P.(12)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents an award of restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
2. The securities held by the Reporting Person prior to the transaction reported herein reflect the receipt of securities pursuant to pro rata distributions in kind, effected by each of Battery Partners XI, LLC ("BP XI") and Battery Partners XI Side Fund, LLC ("BP XI SF") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
3. The securities held by the Reporting Person prior to the transaction reported herein reflect the receipt of securities pursuant to a pro rata distribution in kind, effected by Battery Investment Partners XI, LLC ("BIP XI") to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
4. Securities are held by an irrevocable GST trust, of which the Reporting Person's spouse is a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein.
5. The securities reported give effect to a pro rata distribution in kind by the stockholder effected subsequent to the Reporting Person's most recent Section 16 filing, which constituted a change in form of the Reporting Person's ownership and, therefore, was not required to be reported pursuant to Section 16.
6. Securities are held by BIP XI. BP XI is the managing member of BIP XI. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
7. Securities are held by Battery Ventures XI-A, L.P. ("BV XI-A"). BP XI is the general partner of BV XI-A and may be deemed to beneficially own the securities held by BV XI-A. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
8. Securities are held by Battery Ventures XI-B, L.P. ("BV XI-B"). BP XI is the general partner of BV XI-B and may be deemed to beneficially own the securities held by BV XI-B. The Reporting Person is a managing member of BP XI and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
9. Securities are held by Battery Ventures XI-A Side Fund, L.P. ("BV XI-A SF"). BP XI SF is the general partner of BV XI-A SF and may be deemed to beneficially own the securities held by BV XI-A SF. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
10. Securities are held by Battery Ventures XI-B Side Fund, L.P. ("BV XI-B SF"). BP XI SF is the general partner of BV XI-B SF and may be deemed to beneficially own the securities held by BV XI-B SF. The Reporting Person is a managing member of BP XI SF and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
11. Securities are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). The sole general partner of BIP Select I is Battery Partners Select Fund I GP, LLC ("BP Select I GP"). The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
12. Securities are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). The sole general partner of BV Select I is Battery Partners Select Fund I, L.P. ("BP Select I"). The general partner of BP Select I is BP Select I GP. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose.
/s/ Christopher Schiavo, as Attorney-in-Fact for Michael M. Brown 06/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many restricted stock units (RSUs) did TTAN director Michael Brown receive on June 18, 2025?

Michael Brown received 1,891 restricted stock units (RSUs) on June 18, 2025, as part of ServiceTitan's non-employee director compensation program. These RSUs will fully vest on September 15, 2026, subject to his continued service on the board.

When will Michael Brown's TTAN RSUs vest?

The RSUs granted to Michael Brown will vest in full on September 15, 2026, provided he continues to serve on ServiceTitan's board of directors through the vesting date. Each RSU represents a right to receive one share of TTAN Class A Common Stock.

How many shares of TTAN stock does Michael Brown directly own?

Following the reported transaction, Michael Brown directly owns 11,202 shares of TTAN Class A Common Stock. This reflects his direct ownership, separate from various indirect holdings through Battery Ventures entities and trusts.

What is Michael Brown's largest indirect ownership position in TTAN stock?

Michael Brown's largest indirect ownership position is 1,589,230 shares of TTAN Class A Common Stock held through Battery Ventures XI-A, L.P., where he serves as a managing member of the general partner BP XI and may share voting and dispositive power over these securities.

What was the purchase price of the RSUs granted to TTAN director Michael Brown?

The RSUs were granted to Michael Brown at a price of $0 as part of ServiceTitan's non-employee director compensation program, as reported in the Form 4 filing.
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