ServiceTitan CAO Sells 1,731 Shares for Tax Obligations at $105/Share
ServiceTitan Chief Accounting Officer Michele O'Connor reported multiple "sell to cover" transactions on June 18, 2025 to satisfy tax withholding obligations related to vesting restricted stock units.
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Rhea-AI Filing Summary
ServiceTitan Chief Accounting Officer Michele O'Connor reported multiple "sell to cover" transactions on June 18, 2025 to satisfy tax withholding obligations related to vesting restricted stock units. The transactions included:
- 213 shares at weighted average price of $105.22 (range: $102.79-$103.78)
- 186 shares at weighted average price of $105.22 (range: $103.79-$104.78)
- 565 shares at weighted average price of $105.22 (range: $104.79-$105.78)
- 767.5 shares at weighted average price of $105.22 (range: $105.79-$106.54)
Following these transactions, O'Connor directly owns 98,936.5 shares of Class A Common Stock. These sales were mandatory under the company's equity incentive plans and not discretionary trades by the reporting person. The Form 4 was signed by Olive Huang as attorney-in-fact on June 23, 2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 213 | $105.22 | $22K |
| Sale | Class A Common Stock | 186 | $105.22 | $20K |
| Sale | Class A Common Stock | 565 | $105.22 | $59K |
| Sale | Class A Common Stock | 767.5 | $105.22 | $81K |
Footnotes (5)
- F1. Represents shares sold to satisfy the reporting person's tax withholding obligation in connection with the vesting of restricted stock units. These sales are mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the reporting person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.79 to $103.78. 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 within the range set forth in this footnote.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.79 to $104.78. 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 within the range set forth in this footnote.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.79 to $105.78. 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 within the range set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.79 to $106.54. 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.
FAQ
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What was the purpose of TTAN CAO Michele O'Connor's stock sale in June 2025?
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