[Form 4] ServiceTitan, Inc. Insider Trading Activity
Mahdessian Ara, ServiceTitan, Inc. (TTAN) Chief Executive Officer and Director, reported transactions dated 09/17/2025. The filing shows the conversion of 3,058 shares of Class B common stock into Class A common stock and the sale of 3,058.75 Class A shares to satisfy tax-withholding obligations related to vested restricted stock units. The sales were "sell-to-cover" transactions required under the companys equity plan and occurred at weighted-average prices in ranges from $113.64 to $117.51 depending on the lot.
The report lists resulting beneficial ownership across multiple vehicles and trusts, including large indirect holdings reflected as Class A equivalents (for example, 4,683,017 shares held by the AMKE Trust dated February 1, 2019). The form is signed by an attorney-in-fact and discloses that the Class B shares are convertible into Class A on a one-for-one basis.
Mahdessian Ara, CEO e Amministratore Delegato di ServiceTitan, Inc. (TTAN), ha riportato transazioni datate 09/17/2025. La pratica mostra la conversione di 3.058 azioni ordinarie di Classe B in azioni ordinarie di Classe A e la vendita di 3.058,75 azioni di Classe A per soddisfare gli obblighi di ritenuta fiscale relativi a unità azionarie vincolate vestite. Le vendite erano operazioni di vendita per copertura richieste dal piano azionario dell’azienda e si sono svolte a prezzi medi ponderati in intervalli da $113.64 a $117.51, a seconda del lotto.
Il rapporto elenca la titolarità beneficiaria risultante su vari veicoli e trust, comprese grandi partecipazioni indirette riflettute come equivalenti di Classe A (ad esempio, 4.683.017 azioni detenute dall’AMKE Trust datato 1 febbraio 2019). Il modulo è firmato da un procuratore e rivela che le azioni di Classe B sono convertibili in Classe A su base uno a uno.
Mahdessian Ara, CEO y Director de ServiceTitan, Inc. (TTAN), reportó transacciones con fecha 09/17/2025. El documento muestra la conversión de 3.058 acciones ordinarias de Clase B en acciones ordinarias de Clase A y la venta de 3.058,75 acciones de Clase A para satisfacer las obligaciones de retención de impuestos relacionadas con unidades de acciones restringidas vestidas. Las ventas fueron transacciones de “venta para cubrir” requeridas por el plan de acciones de la empresa y se realizaron a precios promedio ponderados en rangos desde $113.64 hasta $117.51, dependiendo del lote.
El informe lista la titularidad efectiva resultante a través de múltiples vehículos y fideicomisos, incluidas grandes participaciones indirectas reflejadas como equivalentes de Clase A (por ejemplo, 4.683.017 acciones en poder del AMKE Trust con fecha 1 de febrero de 2019). El formulario está firmado por un apoderado y revela que las acciones de Clase B son convertible en Clase A en una base uno por uno.
Mahdessian Ara, ServiceTitan, Inc. (TTAN) 의 최고경영자이자 이사로서 09/17/2025에 해당 거래를 보고했습니다. 제출 문서는 3,058주의 B등급 보통주를 A등급 보통주로 1대1로 전환하고, 주식 보유 단위( vest된 제한 주식단위)와 관련된 세금 원천징수를 충당하기 위해 3,058.75주의 A등급 주식을 매도한 것을 보여줍니다. 매도는 회사의 주식계획에 따라 필요한 '커버 매도' 거래였으며, 로트에 따라 가중평균가가 $113.64에서 $117.51 사이의 가격으로 이루어졌습니다.
보고서는 AMKE 신탁(2019년 2월 1일자)과 같은 예시를 포함해 여러 계좌와 신탁을 통해 나타난 대다수 간접 보유를 A클래스 등가물로 반영하는 등 다수의 도구에 걸친 결과적 실질 소유권을 목록으로 제공합니다. 양식은 대리인이 서명했으며 B클래스 주식은 1대1로 A클래스 주식으로 전환될 수 있음을 공개합니다.
Mahdessian Ara, PDG et administrateur de ServiceTitan, Inc. (TTAN), a signalé des transactions datées du 09/17/2025. Le dépôt montre la conversion de 3 058 actions ordinaires de classe B en actions ordinaires de classe A et la vente de 3 058,75 actions de classe A pour satisfaire les obligations de retenue d’impôt liées aux unités d’actions restreintes vesties. Les ventes étaient des transactions de « vendre pour couvrir » requises par le plan d’actionnariat de l’entreprise et ont eu lieu à des prix moyens pondérés dans des fourchettes allant de $113,64 à $117,51, selon le lot.
Le rapport répertorie la propriété bénéficiaire résultante à travers plusieurs véhicules et fiducies, y compris de grandes participations indirectes reflétées comme des équivalents de classe A (par exemple, 4 683 017 actions détenues par AMKE Trust daté du 1er février 2019). Le formulaire est signé par un mandataire et révèle que les actions de classe B sont convertibles en classe A sur une base 1 pour 1.
Mahdessian Ara, Chief Executive Officer und Director von ServiceTitan, Inc. (TTAN), berichtete Transaktionen mit dem Datum 09/17/2025. Die Einreichung zeigt die Umwandlung von 3.058 Stammaktien der Klasse B in Stammaktien der Klasse A sowie den Verkauf von 3.058,75 Stammaktien der Klasse A, um Steuerabzugsverpflichtungen im Zusammenhang mit vesteten Restricted Stock Units zu erfüllen. Die Verkäufe waren Sell-to-Cover-Transaktionen, die gemäß dem Aktienplan des Unternehmens erforderlich sind, und erfolgten zu gewichteten Durchschnittspreisen in Bereichen von $113.64 bis $117.51, je nach Lot.
Der Bericht listet die resultierende Beneficial Ownership über mehrere Vehikel und Trusts auf, einschließlich großer indirekter Beteiligungen, die als Class-A-Äquivalente ausgewiesen werden (z. B. 4.683.017 Aktien, gehalten vom AMKE Trust datiert auf den 1. Februar 2019). Das Formular ist von einem Bevollmächtigten unterschrieben und offenbart, dass Class-B-Anteile eins zu eins in Class-A-Anteile umwandelbar sind.
Mahdessian Ara، الرئيس التنفيذي والمدير في ServiceTitan, Inc. (TTAN)، أبلغ عن معاملات بتاريخ 09/17/2025. يظهر البلاغ تحويل 3,058 سهماً من فئة B العادية إلى فئة A العادية وبيع 3,058.75 سهماً من فئة A لتلبية الالتزامات بخصم الضرائب المتعلقة بوحدات الأسهم المقيدة المكتسبة. كانت المبيعات معاملات بيع لتغطية الضرائب المطلوبة بموجب خطة أسهم الشركة، ووقعت بأسعار وسط مئويّة مرجحة تتراوح بين $113.64 و$117.51 حسب الدفعة.
يسرد التقرير الملكية المستفادة الناتجة عبر عدة أطر و trusts، بما في ذلك حصص كبيرة غير مباشرة انعكست كمكافئ من فئة A (مثال: 4,683,017 سهماً مملوكة لصندوق AMKE Trust المؤرخ في 1 فبراير 2019). النموذج موقّع من وكيل وم揭 أن أسهم الفئة B قابلة للتحويل إلى فئة A بنظام واحد إلى واحد.
Mahdessian Ara，ServiceTitan, Inc.（TTAN）首席执行官兼董事，报告的交易日期为 09/17/2025。申报显示将 3,058 股 B 类普通股转换为 A 类普通股，并出售 3,058.75 股 A 类股票以满足与已归属受限股票单位相关的税收代扣义务。出售是公司股权计划下的“出售以覆盖”交易，按批次的加权平均价格在 $113.64 至 $117.51 之间波动。
报告列出通过多个工具和信托形成的最终实益所有权，包括被反映为 A 类等价物的大型间接持有（例如，AMKE Trust（起始日期为 2019 年 2 月 1 日）所持有的 4,683,017 股）。该表由代理人签署，并披露 B 类股可按一对一转换为 A 类股。
- Full disclosure of conversion and sell-to-cover transactions, including weighted-average price ranges
- Clarifies that sales were mandatory to satisfy tax withholding and not discretionary trades
- Shows indirect holdings via trusts, aiding transparency about overall economic exposure
- Direct holdings reduced to zero following the reported transactions (per the table of direct ownership)
- Multiple sales executed at prices up to $117.51, which could be perceived negatively by some market participants despite being mandatory
Insights
TL;DR Routine conversion and mandatory sell-to-cover occurred; filings disclose indirect holdings via trusts.
The transaction appears to be procedural rather than an active economic disposition: conversion of Class B into Class A is a standard corporate mechanics event, and the subsequent sales were performed to satisfy tax-withholding on RSU vesting under the issuers election for "sell-to-cover." The filing properly discloses both direct and significant indirect holdings through trusts, which is important for governance transparency. No discretionary open-market trimming or new material transfers are reported beyond the plan-mandated sales.
TL;DR Insider sold 3,058.75 Class A shares via mandated sell-to-cover; overall economic stake remains concentrated through indirect holdings.
From an investor perspective, the reported sales are taxed-driven and not indicative of a voluntary liquidity event. The filing quantifies weighted-average sale price ranges between $113.64 and $117.51 across lots, which provides transparency on execution prices. Meanwhile, large indirect positions (for example, 4,683,017 Class A equivalents held by the AMKE Trust) suggest continued concentrated exposure by the reporting persons controlled vehicles.
Mahdessian Ara, CEO e Amministratore Delegato di ServiceTitan, Inc. (TTAN), ha riportato transazioni datate 09/17/2025. La pratica mostra la conversione di 3.058 azioni ordinarie di Classe B in azioni ordinarie di Classe A e la vendita di 3.058,75 azioni di Classe A per soddisfare gli obblighi di ritenuta fiscale relativi a unità azionarie vincolate vestite. Le vendite erano operazioni di vendita per copertura richieste dal piano azionario dell’azienda e si sono svolte a prezzi medi ponderati in intervalli da $113.64 a $117.51, a seconda del lotto.
Il rapporto elenca la titolarità beneficiaria risultante su vari veicoli e trust, comprese grandi partecipazioni indirette riflettute come equivalenti di Classe A (ad esempio, 4.683.017 azioni detenute dall’AMKE Trust datato 1 febbraio 2019). Il modulo è firmato da un procuratore e rivela che le azioni di Classe B sono convertibili in Classe A su base uno a uno.
Mahdessian Ara, CEO y Director de ServiceTitan, Inc. (TTAN), reportó transacciones con fecha 09/17/2025. El documento muestra la conversión de 3.058 acciones ordinarias de Clase B en acciones ordinarias de Clase A y la venta de 3.058,75 acciones de Clase A para satisfacer las obligaciones de retención de impuestos relacionadas con unidades de acciones restringidas vestidas. Las ventas fueron transacciones de “venta para cubrir” requeridas por el plan de acciones de la empresa y se realizaron a precios promedio ponderados en rangos desde $113.64 hasta $117.51, dependiendo del lote.
El informe lista la titularidad efectiva resultante a través de múltiples vehículos y fideicomisos, incluidas grandes participaciones indirectas reflejadas como equivalentes de Clase A (por ejemplo, 4.683.017 acciones en poder del AMKE Trust con fecha 1 de febrero de 2019). El formulario está firmado por un apoderado y revela que las acciones de Clase B son convertible en Clase A en una base uno por uno.
Mahdessian Ara, ServiceTitan, Inc. (TTAN) 의 최고경영자이자 이사로서 09/17/2025에 해당 거래를 보고했습니다. 제출 문서는 3,058주의 B등급 보통주를 A등급 보통주로 1대1로 전환하고, 주식 보유 단위( vest된 제한 주식단위)와 관련된 세금 원천징수를 충당하기 위해 3,058.75주의 A등급 주식을 매도한 것을 보여줍니다. 매도는 회사의 주식계획에 따라 필요한 '커버 매도' 거래였으며, 로트에 따라 가중평균가가 $113.64에서 $117.51 사이의 가격으로 이루어졌습니다.
보고서는 AMKE 신탁(2019년 2월 1일자)과 같은 예시를 포함해 여러 계좌와 신탁을 통해 나타난 대다수 간접 보유를 A클래스 등가물로 반영하는 등 다수의 도구에 걸친 결과적 실질 소유권을 목록으로 제공합니다. 양식은 대리인이 서명했으며 B클래스 주식은 1대1로 A클래스 주식으로 전환될 수 있음을 공개합니다.
Mahdessian Ara, PDG et administrateur de ServiceTitan, Inc. (TTAN), a signalé des transactions datées du 09/17/2025. Le dépôt montre la conversion de 3 058 actions ordinaires de classe B en actions ordinaires de classe A et la vente de 3 058,75 actions de classe A pour satisfaire les obligations de retenue d’impôt liées aux unités d’actions restreintes vesties. Les ventes étaient des transactions de « vendre pour couvrir » requises par le plan d’actionnariat de l’entreprise et ont eu lieu à des prix moyens pondérés dans des fourchettes allant de $113,64 à $117,51, selon le lot.
Le rapport répertorie la propriété bénéficiaire résultante à travers plusieurs véhicules et fiducies, y compris de grandes participations indirectes reflétées comme des équivalents de classe A (par exemple, 4 683 017 actions détenues par AMKE Trust daté du 1er février 2019). Le formulaire est signé par un mandataire et révèle que les actions de classe B sont convertibles en classe A sur une base 1 pour 1.
Mahdessian Ara, Chief Executive Officer und Director von ServiceTitan, Inc. (TTAN), berichtete Transaktionen mit dem Datum 09/17/2025. Die Einreichung zeigt die Umwandlung von 3.058 Stammaktien der Klasse B in Stammaktien der Klasse A sowie den Verkauf von 3.058,75 Stammaktien der Klasse A, um Steuerabzugsverpflichtungen im Zusammenhang mit vesteten Restricted Stock Units zu erfüllen. Die Verkäufe waren Sell-to-Cover-Transaktionen, die gemäß dem Aktienplan des Unternehmens erforderlich sind, und erfolgten zu gewichteten Durchschnittspreisen in Bereichen von $113.64 bis $117.51, je nach Lot.
Der Bericht listet die resultierende Beneficial Ownership über mehrere Vehikel und Trusts auf, einschließlich großer indirekter Beteiligungen, die als Class-A-Äquivalente ausgewiesen werden (z. B. 4.683.017 Aktien, gehalten vom AMKE Trust datiert auf den 1. Februar 2019). Das Formular ist von einem Bevollmächtigten unterschrieben und offenbart, dass Class-B-Anteile eins zu eins in Class-A-Anteile umwandelbar sind.
FAQ
What did Mahdessian Ara report on Form 4 for ServiceTitan (TTAN)?
Were the sales by the reporting person discretionary?
At what prices were the shares sold?
Does the filing show other holdings by Mahdessian Ara?
What is the conversion relationship between Class B and Class A shares?
