[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

Positive

• 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

Negative

• 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

Corporate Governance Expert

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.

Securities Analyst

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.

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^*

Mahdessian Ara

(Last) (First) (Middle)

C/O SERVICETITAN

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)
	Chief Executive Officer

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)		3,058	A	$0	3,058.75	D
Class A Common Stock	09/17/2025		S(2)		286.25	D	$116.04(3)	2,772.5	D
Class A Common Stock	09/17/2025		S(2)		705.75	D	$116.04(4)	2,066.75	D
Class A Common Stock	09/17/2025		S(2)		1,294.5	D	$116.04(5)	772.25	D
Class A Common Stock	09/17/2025		S(2)		772.25	D	$116.04(6)	0	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)			3,058	(7)	(7)	Class A Common Stock	3,058	$0	3,286,683	D
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	429,035		429,035	I	By KE 2024 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	185,366		185,366	I	By AM 2025 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	429,035		429,035	I	By AM 2024 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	185,366		185,366	I	By KE 2025 GRAT
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	4,683,017		4,683,017	I	By the AMKE Trust dated February 1, 2019

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 did Mahdessian Ara report on Form 4 for ServiceTitan (TTAN)?

The report shows conversion of 3,058 Class B shares into Class A and the sale of 3,058.75 Class A shares on 09/17/2025 to cover tax withholding.

Were the sales by the reporting person discretionary?

No. The filing states the sales were sell-to-cover transactions mandated to satisfy tax-withholding obligations tied to vested restricted stock units.

At what prices were the shares sold?

Sales occurred in multiple transactions with weighted-average price ranges reported between $113.64 and $117.51 across different lots.

Does the filing show other holdings by Mahdessian Ara?

Yes. The filing discloses substantial indirect holdings through trusts and GRATs, including 4,683,017 Class A equivalent shares held by the AMKE Trust dated February 1, 2019.

What is the conversion relationship between Class B and Class A shares?

The filing states Class B common stock is convertible into an equal number of Class A common shares on a one-for-one basis, and conversions can occur upon certain transfers or at holders election.