[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan director and CEO Ara Mahdessian reported multiple transactions under a Rule 10b5-1 plan. On September 9 and September 10, 2025 he caused conversion of 42,666 Class B shares into Class A shares on each date and sold the converted Class A shares under a 10b5-1 trading plan adopted April 15, 2025. The sales on September 9 were reported at weighted average prices in ranges between $116.91 and $119.78 depending on tranches; the September 10 sales were reported at weighted average prices in ranges between $114.39 and $118.76. The Form indicates the shares were held indirectly by the AMKE Trust dated February 1, 2019, and the transactions were reported by an attorney-in-fact on behalf of the reporting person.

Positive

• Sales were executed under a Rule 10b5-1 trading plan adopted April 15, 2025, providing procedural transparency
• Filing discloses weighted-average price ranges and offers to provide transaction-level details on request

Negative

• Insider reported the sale of a material number of shares (totaling 85,332 shares across September 9–10, 2025), reducing indirect holdings
• Conversion of Class B to Class A and subsequent sales increased the freely tradable Class A share count held by market participants

Insights

Securities Analyst

TL;DR: Routine insider conversions and 10b5-1 sales; transparent execution but reduces reported indirect stake.

The filing documents scheduled conversions of Class B to Class A shares and contemporaneous sales executed under a previously adopted Rule 10b5-1 plan. The use of a 10b5-1 plan and disclosure of weighted-average price ranges increases procedural transparency and reduces questions about opportunistic timing. The transactions were effected indirectly by the AMKE Trust, consistent with estate/trust ownership structures. From an investor-information standpoint, these are material for share count and insider ownership monitoring but do not in themselves convey new operational or financial performance information about the company.

Corporate Governance Expert

TL;DR: Governance practices appear standard: conversions and plan-based sales disclosed; no governance red flags visible.

The Form 4 shows conversions of Class B into Class A shares and multiple sales executed under a pre-established 10b5-1 plan adopted April 15, 2025. The reporting includes weighted-average price ranges and an explicit undertaking to provide transaction-level detail on request, which aligns with best-practice disclosure. There is no indication of undisclosed related-party transfers or exceptions to conversion terms. Based solely on the filing, these are routine insider liquidity events rather than governance issues.

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).

X

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^*

Mahdessian Ara

(Last) (First) (Middle)

C/O SERVICETITAN

800 N. BRAND BLVD., SUITE 100

(Street)

GLENDALE CA 91203

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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	09/09/2025		C(1)		42,666	A	$0	42,666	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/09/2025		S(2)		14,706	D	$118.42(3)	27,960	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/09/2025		S(2)		13,865	D	$118.42(4)	14,095	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/09/2025		S(2)		14,095	D	$118.42(5)	0	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		C(1)		42,666	A	$0	42,666	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		S(2)		10,371	D	$116.01(6)	32,295	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		S(2)		22,131	D	$116.01(7)	10,164	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		S(2)		6,663	D	$116.01(8)	3,501	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		S(2)		2,713	D	$116.01(9)	788	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock	09/10/2025		S(2)		788	D	$116.01(10)	0	I	By the AMKE Trust dated February 1, 2019
Class A Common Stock								0.75	D

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
Class B Common Stock	(11)	09/09/2025		C(1)			42,666	(11)	(11)	Class A Common Stock	42,666	$0	4,725,683	I	By the AMKE Trust dated February 1, 2019
Class B Common Stock	(11)	09/10/2025		C(1)			42,666	(11)	(11)	Class A Common Stock	42,666	$0	4,683,017	I	By the AMKE Trust dated February 1, 2019
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	3,289,741		3,289,741	D
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	185,366		185,366	I	By AM 2025 GRAT
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	185,366		185,366	I	By KE 2025 GRAT
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	429,035		429,035	I	By AM 2024 GRAT
Class B Common Stock	(11)							(11)	(11)	Class A Common Stock	429,035		429,035	I	By KE 2024 GRAT

Explanation of Responses:

1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.91 to $117.90. 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 with the range set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.91 to $118.90. 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 with the range set forth in this footnote.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.91 to $119.78. 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 with the range set forth in this footnote.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.39 to $115.38. 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 with the range set forth in this footnote.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.39 to $116.38. 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 with the range set forth in this footnote.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.39 to $117.38. 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 with the range set forth in this footnote.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.39 to $118.38. 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 with the range set forth in this footnote.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.39 to $118.76. 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 with the range set forth in this footnote.

11. 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.

	/s/ Olive Huang, Attorney-in-Fact	09/11/2025
	** 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

What transactions did ServiceTitan (TTAN) insider Ara Mahdessian report on Form 4?

The Form 4 reports conversions of 42,666 Class B shares into Class A shares on both September 9 and September 10, 2025, followed by sales of those Class A shares executed under a Rule 10b5-1 plan.

Were the sales part of a pre-established trading plan for TTAN insider sales?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.

What price ranges were disclosed for the TTAN share sales?

The filing reports weighted-average price ranges across tranches: between $114.39 and $119.78 depending on the specific sales disclosed in the footnotes.

Who held the shares sold by the reporting person?

The shares were held indirectly by the AMKE Trust dated February 1, 2019, as stated repeatedly in the Form 4 entries.

How many shares were sold in total on the reported dates?

The filing shows sales of 42,666 shares on September 9 and 42,666 shares on September 10, 2025, totaling 85,332 shares sold.