ICONIQ funds tied to ServiceTitan (TTAN) shift 1,551,099 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. director and ten percent owner William J.G. Griffith reported internal equity restructuring involving ICONIQ investment funds. On July 13, 2026, ICONIQ-sponsored partnerships distributed, for no consideration, an aggregate of 1,551,099 shares of Class A Common Stock to their limited partners and general partners. Following these in-kind distributions, Griffith is reported with 510,022 shares tied to him through RSUs and estate-planning trusts, plus various indirect interests through multiple ICONIQ funds, while disclaiming beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Griffith William J.G.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 556,878 | -- | -- |
| Other | Class A Common Stock | 435,948 | -- | -- |
| Other | Class A Common Stock | 229,384 | -- | -- |
| Other | Class A Common Stock | 93,636 | -- | -- |
| Other | Class A Common Stock | 113,731 | -- | -- |
| Other | Class A Common Stock | 121,522 | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,046,378 shares (Indirect, By ICONIQ Strategic Partners II, L.P.);
Class A Common Stock — 510,022 shares (Direct)
Footnotes (1)
- On July 13, 2026, ICONIQ Strategic Partners II, L.P. ("ICONIQ II") distributed, for no consideration, in the aggregate 556,878 shares of the Issuer's Class A Common Stock (the "ICONIQ II Shares") to its limited partners and to ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP"), representing each such partner's pro rata interest in such ICONIQ II Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II Shares it received in the distribution by ICONIQ II to its partners, representing each such partner's pro rata interest in such ICONIQ II Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). ICONIQ II GP is the sole general partner of ICONIQ II, ICONIQ Strategic Partners II-B, L.P. ("ICONIQ II-B"), ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series) ("ICONIQ II ST") and ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series) ("ICONIQ II ST2"). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ II Parent GP") is the sole general partner of ICONIQ II GP. ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of ICONIQ Strategic Partners V, L.P. ("ICONIQ V"), ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"), ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST) ("ICONIQ V ST") and (continued) ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2) ("ICONIQ V ST2"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP. Divesh Makan and the Reporting Person are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP and Divesh Makan, the Reporting Person and Matthew Jacobson are the sole equity holders of ICONIQ V Parent GP. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. On July 13, 2026, ICONIQ II-B distributed, for no consideration, in the aggregate 435,948 shares of the Issuer's Class A Common Stock (the "ICONIQ II-B Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II-B Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II-B Shares it received in the distribution by ICONIQ II-B to its partners, representing each such partner's pro rata interest in such ICONIQ II-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. On July 13, 2026, ICONIQ II ST distributed, for no consideration, in the aggregate 229,384 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST Shares it received in the distribution by ICONIQ II ST to its partners, representing each such partner's pro rata interest in such ICONIQ II ST Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act. On July 13, 2026, ICONIQ II ST2 distributed, for no consideration, in the aggregate 93,636 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST2 Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST2 Shares it received in the distribution by ICONIQ II ST2 to its partners, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act. On July 13, 2026, ICONIQ III distributed, for no consideration, in the aggregate 113,731 shares of the Issuer's Class A Common Stock (the "ICONIQ III Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III Shares it received in the distribution by ICONIQ III to its partners, representing each such partner's pro rata interest in such ICONIQ III Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. On July 13, 2026, ICONIQ III-B distributed, for no consideration, in the aggregate 121,522 shares of the Issuer's Class A Common Stock (the "ICONIQ III-B Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III-B Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III-B Shares it received in the distribution by ICONIQ III-B to its partners, representing each such partner's pro rata interest in such ICONIQ III-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act. Consists of (i) 3,046 shares issuable upon the settlement of restricted stock units ("RSUs") and (ii) 506,976 shares held by the Reporting Person through his family trust of which he is a trustee and another estate planning trust having an independent trustee, including an aggregate of 149,052 ICONIQ II Shares, ICONIQ II-B Shares, ICONIQ II ST Shares, ICONIQ II ST2 Shares, ICONIQ III Shares and ICONIQ III-B Shares received in the distributions described herein. The RSUs are held by the Reporting Person, a director of the Issuer. The proceeds of any sale of shares of common stock issued to the Reporting Person upon settlement of the RSUs will be transferred to ICONIQ Capital, LLC. The Reporting Person disclaims beneficial ownership of these shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. (Continued from footnote 9) This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Restructuring distributions: 1,551,099 shares
Direct and trust-linked holdings: 510,022 shares
ICONIQ II distribution: 556,878 shares
+5 more
8 metrics
Restructuring distributions
1,551,099 shares
Aggregate shares distributed in internal restructuring on July 13, 2026
Direct and trust-linked holdings
510,022 shares
Shares tied to William J.G. Griffith through RSUs and estate-planning trusts after the transactions
ICONIQ II distribution
556,878 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II, L.P.
ICONIQ II-B distribution
435,948 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II-B, L.P.
ICONIQ II ST distribution
229,384 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series)
ICONIQ II ST2 distribution
93,636 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series)
ICONIQ III distribution
113,731 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners III, L.P.
ICONIQ III-B distribution
121,522 shares
Class A shares distributed for no consideration by ICONIQ Strategic Partners III-B, L.P.
Key Terms
restricted stock units ("RSUs"), pro rata interest, Rules 16a-13 and 16a-9, beneficial ownership, +1 more
5 terms
restricted stock units ("RSUs") financial
"Consists of (i) 3,046 shares issuable upon the settlement of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
pro rata interest financial
"representing each such partner's pro rata interest in such ICONIQ II Shares"
Rules 16a-13 and 16a-9 regulatory
"made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act"
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
FAQ
What insider activity did ServiceTitan (TTAN) report for William J.G. Griffith?
ServiceTitan (TTAN) reported that funds affiliated with director and ten percent owner William J.G. Griffith made in-kind distributions of Class A Common Stock to their limited partners and general partners, totaling 1,551,099 shares, all distributed for no consideration as part of an internal restructuring.
Were the ICONIQ distributions of ServiceTitan (TTAN) stock sales for cash?
No. The ICONIQ funds’ transactions involved distributions for no consideration of ServiceTitan (TTAN) Class A shares to limited partners and general partners. The footnotes state these were exempt in-kind distributions under Rules 16a-13 and 16a-9 of the Exchange Act, not open-market sales.
What are William J.G. Griffith’s reported ServiceTitan (TTAN) holdings after the restructuring?
After the restructuring, Griffith is reported with 510,022 ServiceTitan (TTAN) shares tied to him, consisting of 3,046 shares issuable upon settlement of RSUs and 506,976 shares held through family and estate-planning trusts, plus additional indirect interests through multiple ICONIQ investment funds.