ServiceTitan CFO Sells 5.7K Shares for Tax Obligations, Holds 385K Position
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 |
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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What was the purpose of TTAN CFO's stock sale in June 2025?
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