ServiceTitan Executive's Stock Sale Tied to Tax Requirements, Not Strategy Shift

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Form Type

Rhea-AI Filing Summary

ServiceTitan CFO David Sherry reported multiple sales of Class A Common Stock on June 18, 2025, totaling approximately 5,771 shares at a weighted average price of $105.22 per share. These transactions were non-discretionary sales executed to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).

Key transaction details:

Total shares sold across 4 transactions: 709, 619, 1,883, and 2,559.75 shares
Sale prices ranged from $102.79 to $106.54
Post-transaction beneficial ownership: 385,308.25 shares (Direct ownership)

These sales were mandatory "sell to cover" transactions under the company's equity incentive plans to fund tax withholding obligations and do not represent discretionary trading decisions by the executive. The transactions were reported via Form 4 within the required filing deadline.

Insider Trade Summary

Net Seller: 5,770.75 shares

Net Sell 4 txns

Insider Sherry David

Role Chief Financial Officer

Sold 5,770.75 shs ($607K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	709	$105.22	$75K
Sale	Class A Common Stock	619	$105.22	$65K
Sale	Class A Common Stock	1,883	$105.22	$198K
Sale	Class A Common Stock	2,559.75	$105.22	$269K

Holdings After Transaction: Class A Common Stock — 385,308.25 shares (Direct)

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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/23/2025 - 04:09 PM

FAQ

How many TTAN shares did CFO David Sherry sell on June 18, 2025?

CFO David Sherry sold a total of 5,770.75 shares of Class A Common Stock on June 18, 2025, through multiple transactions at different price ranges. The sales were broken down as follows: 709 shares, 619 shares, 1,883 shares, and 2,559.75 shares.

What was the purpose of TTAN CFO's stock sale in June 2025?

The stock sale was not discretionary - it was specifically to satisfy tax withholding obligations in connection with the vesting of restricted stock units. The sales were mandated as part of ServiceTitan's equity incentive plans through a 'sell to cover' transaction to fund tax withholding obligations.

What was the price range for TTAN stock during CFO Sherry's June 18, 2025 transactions?

The shares were sold in multiple transactions with prices ranging from $102.79 at the lowest to $106.54 at the highest. The transactions were executed in four weighted average price bands: $102.79-$103.78, $103.79-$104.78, $104.79-$105.78, and $105.79-$106.54.

How many TTAN shares does CFO David Sherry own after the June 2025 transactions?

Following the reported transactions on June 18, 2025, CFO David Sherry directly owned 385,308.25 shares of ServiceTitan Class A Common Stock.

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^*

Sherry David

(Last)

(First)

(Middle)

C/O SERVICETITAN, INC.

800 N. BRAND BLVD., SUITE 100

(Street)

GLENDALE

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/18/2025		S⁽¹⁾		709	D	$105.22⁽²⁾	390,370	D
Class A Common Stock	06/18/2025		S⁽¹⁾		619	D	$105.22⁽³⁾	389,751	D
Class A Common Stock	06/18/2025		S⁽¹⁾		1,883	D	$105.22⁽⁴⁾	387,868	D
Class A Common Stock	06/18/2025		S⁽¹⁾		2,559.75	D	$105.22⁽⁵⁾	385,308.25	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

	/s/ Olive Huang, Attorney-in-Fact	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.

Source: View Original Filing on SEC EDGAR