Tax-driven share sale by ServiceTitan (TTAN) chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. Chief Accounting Officer Michele O'Connor reported multiple open-market sales of Class A Common Stock. The filing shows six transactions totaling 5,304.5 shares sold on June 17, 2026 at a weighted average price reported as $66.19 per share.
According to a footnote, these sales were made to satisfy tax withholding obligations arising from the vesting of restricted stock units under the company’s equity incentive plans. The footnote explains this “sell to cover” approach is mandated by the issuer and does not represent discretionary trading decisions by the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,304.5 shares ($351,105)
Net Sell
6 txns
Insider
O'Connor Michele
Role
Chief Accounting Officer
Sold
5,304.5 shs ($351K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,069.31 | $66.19 | $71K |
| Sale | Class A Common Stock | 1,445.52 | $66.19 | $96K |
| Sale | Class A Common Stock | 1,616.03 | $66.19 | $107K |
| Sale | Class A Common Stock | 849.09 | $66.19 | $56K |
| Sale | Class A Common Stock | 270.1 | $66.19 | $18K |
| Sale | Class A Common Stock | 54.45 | $66.19 | $4K |
Holdings After Transaction:
Class A Common Stock — 80,821.19 shares (Direct, null)
Footnotes (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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.10 to $65.09. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.10 to $66.09. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.10 to $67.09. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.10 to $68.09. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.10 to $69.09. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.10 to $69.50. 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.
Key Figures
Shares sold: 5,304.5 shares
Weighted average sale price: $66.19 per share
Sale transactions: 6 transactions
+2 more
5 metrics
Shares sold
5,304.5 shares
Total Class A Common Stock sold on June 17, 2026
Weighted average sale price
$66.19 per share
Reported sale price for the disclosed transactions
Sale transactions
6 transactions
Number of open-market sale entries in transaction summary
Lowest price range
$64.10–$65.09
Footnote price range for one group of sales
Highest price range
$69.10–$69.50
Footnote price range for another group of sales
Key Terms
sell to cover, restricted stock units, weighted average price, equity incentive plans, +1 more
5 terms
sell to cover financial
"to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"tax withholding obligation in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
equity incentive plans financial
"under its equity incentive plans to require the satisfaction of tax withholding obligations"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did ServiceTitan (TTAN) report for Michele O'Connor?
ServiceTitan reported that Chief Accounting Officer Michele O'Connor sold Class A Common Stock in six separate open-market transactions. The Form 4 states the total amount sold was 5,304.5 shares on June 17, 2026, as part of routine equity-related activity tied to restricted stock vesting.
Were Michele O'Connor’s ServiceTitan (TTAN) stock sales discretionary trades?
The Form 4 footnote states the sales do not represent discretionary trades by Michele O'Connor. Instead, they are mandated “sell to cover” transactions under ServiceTitan’s equity incentive plans, executed specifically to fund required tax withholding when restricted stock units vest.
How many separate sale transactions did ServiceTitan (TTAN) disclose for Michele O'Connor?
The transaction summary in the filing shows six separate sale transactions. All involve non-derivative Class A Common Stock, coded as open-market or private sale events, and together they total 5,304.5 shares sold in connection with tax withholding for vested restricted stock units.