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ServiceTitan Insider Activity: CFO Offloads $350k in Shares Under Plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

ServiceTitan, Inc. (TTAN) – Form 4 filing

Chief Financial Officer David Sherry reported six open-market sales of the company’s Class A common stock executed on 07/21-22/2025 under a previously adopted Rule 10b5-1 trading plan (established 04/15/2025).

  • Total shares sold: 3,008
  • Sale prices: weighted-average ranges of $113.40-$118.12 per share; representative prices disclosed in Column 4 were $114.41 and $116.89.
  • Approximate proceeds (multiplying shares by representative prices): ~$350 thousand.
  • Post-transaction beneficial ownership: 365,670.25 Class A shares held directly.

No derivative securities were exercised or disposed of, and no other insiders are referenced in this filing.

Positive

  • Sales conducted under a Rule 10b5-1 plan, indicating pre-scheduled, non-opportunistic trading.
  • CFO retains a substantial stake (≈365.7k shares), maintaining alignment with shareholders.

Negative

  • Insider selling by the CFO can be perceived as a modest bearish signal.
  • Total proceeds of roughly $350k reflect monetisation at current price levels, adding incremental supply to the market.

Insights

TL;DR: Routine 10b5-1 sales; small fraction of CFO’s stake, modest negative sentiment impact.

The CFO’s 3,008-share sale represents roughly 0.8% of her reported 365.7k-share stake, generating about $0.35 M in proceeds. Because trades were executed under a pre-arranged 10b5-1 plan, the sales are less likely to signal near-term pessimism. The absence of derivative activity or additional insiders suggests no broader pattern. Overall fundamental impact is limited, but investors may note continued insider distribution following the stock’s >$113 price level.

Insider Sherry David
Role Chief Financial Officer
Sold 3,008 shs ($348K)
Type Security Shares Price Value
Sale Class A Common Stock 189 $116.89 $22K
Sale Class A Common Stock 186 $116.89 $22K
Sale Class A Common Stock 263 $116.89 $31K
Sale Class A Common Stock 861 $116.89 $101K
Sale Class A Common Stock 732 $114.41 $84K
Sale Class A Common Stock 777 $114.41 $89K
Holdings After Transaction: Class A Common Stock — 366,980.25 shares (Direct)
Footnotes (1)
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.40 to $114.39. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.40 to $115.02. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.28 to $115.27. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.28 to $116.27. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.28 to $117.27. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.28 to $118.12. 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.
Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
Sherry David
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2025
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 07/21/2025 S(1) 732 D $114.41(2) 367,946.25 D
Class A Common Stock 07/21/2025 S(1) 777 D $114.41(3) 367,169.25 D
Class A Common Stock 07/22/2025 S(1) 189 D $116.89(4) 366,980.25 D
Class A Common Stock 07/22/2025 S(1) 186 D $116.89(5) 366,794.25 D
Class A Common Stock 07/22/2025 S(1) 263 D $116.89(6) 366,531.25 D
Class A Common Stock 07/22/2025 S(1) 861 D $116.89(7) 365,670.25 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
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.40 to $114.39. 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.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.40 to $115.02. 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 $114.28 to $115.27. 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 $115.28 to $116.27. 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 $116.28 to $117.27. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.28 to $118.12. 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.
/s/ Olive Huang, Attorney-in-Fact 07/23/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many ServiceTitan (TTAN) shares did the CFO sell?

David Sherry sold 3,008 Class A shares on 07/21-22/2025.

What prices were the TTAN shares sold at?

Weighted-average prices ranged from $113.40 to $118.12; representative figures were $114.41 and $116.89.

Does the CFO still own ServiceTitan stock after the sale?

Yes. Post-sale beneficial ownership is 365,670.25 shares held directly.

Were the insider sales part of a 10b5-1 plan?

Yes. The filing states the trades were executed under a Rule 10b5-1 plan adopted on 04/15/2025.

Did the filing report any derivative security transactions?

No. Table II shows no derivative securities acquired or disposed of.