[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan insider Vahe Kuzoyan reported transactions on 09/17/2025 converting Class B shares into Class A and selling portions of vested restricted stock units to cover tax withholding. The filing shows a conversion of 3,059 Class B shares into Class A at no cash price, and multiple sell transactions totaling 3,059 Class A shares sold by sell-to-cover at weighted average prices ~$113.64–$117.51 ranges reported across lots. After these transactions the Reporting Person's direct beneficial ownership in Class A stock is reported as 0.25 shares, while various indirect holdings (trusts, GRATs, spouse) reflect substantial Class A equivalent positions totaling multiple large blocks.

Positive

• Full disclosure of conversion and sales with price ranges and offer to provide detailed execution breakdowns
• Sells were non-discretionary sell-to-cover to satisfy tax withholding under the company's equity plan
• Substantial indirect holdings remain through trusts and GRATs, preserving economic exposure

Negative

• Direct beneficial ownership reported at only 0.25 Class A shares following the transactions
• Material number of shares sold (3,059) could reduce perceived direct insider stake despite indirect holdings

Insights

Securities Analyst

TL;DR: Insider converted and sold shares to cover taxes; direct holdings now nominal while substantial indirect holdings remain.

The Form 4 documents a conversion of 3,059 Class B shares into Class A and immediate sell-to-cover sales of an equivalent number of Class A shares across multiple tranches with weighted average sale prices reported within specified ranges from $113.64 to $117.51. The sales are described as mandatory to satisfy tax withholding on vested restricted stock units, not discretionary trades. Reported direct ownership falls to 0.25 Class A shares, while material indirect holdings are shown across family trusts and GRATs, indicating control exposure remains concentrated via indirect vehicles rather than direct title.

Corporate Governance Expert

TL;DR: Transaction is routine equity plan mechanics; governance impact limited but transparency is adequate.

The filing clearly discloses conversion mechanics and mandated sell-to-cover transactions under the issuer's equity incentive plan. Footnotes provide weighted average price ranges and offer to supply detailed execution breakdowns on request, which supports disclosure completeness. While direct ownership is reduced to a nominal amount, the filing enumerates multiple indirect ownership vehicles (K-A Family Trust, VK/RA GRATs, spouse) holding significant Class A equivalents, preserving economic and voting interests through those entities as described in the filing.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kuzoyan Vahe

(Last) (First) (Middle)

C/O SERVICETITAN, INC.

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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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	09/17/2025		C(1)		3,059	A	$0	3,059	D
Class A Common Stock	09/17/2025		S(2)		286.25	D	$116.04(3)	2,772.75	D
Class A Common Stock	09/17/2025		S(2)		705.75	D	$116.04(4)	2,067	D
Class A Common Stock	09/17/2025		S(2)		1,294.5	D	$116.04(5)	772.5	D
Class A Common Stock	09/17/2025		S(2)		772.25	D	$116.04(6)	0.25	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	(7)	09/17/2025		C(1)			3,059	(7)	(7)	Class A Common Stock	3,059	$0	3,555,490	D
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	354,924		354,924	I	By RA 2023 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	371,082		371,082	I	By RA 2024 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	1		1	I	By spouse
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	5,513,065		5,513,065	I	By the K-A Family Trust dated December 6, 2021
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	354,924		354,924	I	By VK 2023 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	371,082		371,082	I	By VK 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. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.64 to $114.63. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.64 to $115.63. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.64 to $116.63. 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.64 to $117.51. 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.

7. 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	09/18/2025
	** 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.
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FAQ

What transactions did Vahe Kuzoyan (TTAN) report on 09/17/2025?

The Form 4 reports conversion of 3,059 Class B shares into Class A and sell-to-cover sales totaling 3,059 Class A shares to satisfy tax withholding on vested RSUs.

At what prices were the shares sold in the reported transactions?

The filing reports weighted average prices with executed sale ranges across tranches from $113.64 to $117.51, summarized in separate footnotes.

What is Kuzoyan's reported direct ownership after these transactions?

Direct ownership of Class A common stock is reported as 0.25 shares after the transactions.

Does the filing indicate indirect holdings for Kuzoyan?

Yes, the filing lists significant indirect holdings via the K-A Family Trust, spouse, and multiple GRATs, with Class A equivalents reported for each vehicle.

Were the sales discretionary trades by the reporting person?

No. The filing states the sales were mandated 'sell-to-cover' transactions under the issuer's equity incentive plans to satisfy tax withholding obligations.