ServiceTitan president sells 3,147.75 shares
ServiceTitan president Vahe Kuzoyan converted and sold a small block of shares in a mandated sell-to-cover transaction linked to RSU tax withholding.
Rhea-AI Filing Summary
ServiceTitan, Inc. (TTAN) director and president Vahe Kuzoyan reported transactions on September 17, 2026 involving a conversion and sale of shares. He converted 3,147.75 shares of Class B Common Stock into the same number of Class A shares, then sold 3,147.75 Class A shares at $57.07 per share to satisfy tax withholding obligations from vesting restricted stock units, a mandated "sell to cover" under the company’s equity incentive plans rather than a discretionary trade. Following the derivative conversion, he held 3,378,578 Class B shares directly, with additional Class B shares held indirectly through multiple GRATs, family trusts, and a spouse. The Class B Common Stock is convertible into an equal number of Class A shares at any time at the holder’s election and generally converts automatically into Class A upon transfers, subject to certain permitted transfers and specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Kuzoyan Vahe
Role
President
Sold
3,147.75 shs ($180K)
Approx. gross sale proceeds
$180K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F4, F1 | 3,147.75 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 3,147.75 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3 | 3,147.75 | $57.07 | $180K |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,378,578 contracts (Direct);
Class A Common Stock — 2 shares (Direct);
Class B Common Stock — 267,716 contracts (Indirect, By RA 2024 GRAT);
Class B Common Stock — 241,660 contracts (Indirect, By RA 2025 GRAT);
Class B Common Stock — 103,365 contracts (Indirect, By RA 2025-2 GRAT);
Class B Common Stock — 113,263 contracts (Indirect, By RA Irrevocable Nonexempt Trust);
Class B Common Stock — 3 contracts (Indirect, By spouse);
Class B Common Stock — 5,372,245 contracts (Indirect, By the K-A Family Trust dated December 6, 2021);
Class B Common Stock — 267,716 contracts (Indirect, By VK 2024 GRAT);
Class B Common Stock — 241,660 contracts (Indirect, By VK 2025 GRAT);
Class B Common Stock — 103,365 contracts (Indirect, By VK 2025-2 GRAT);
Class B Common Stock — 113,263 contracts (Indirect, By VK Irrevocable Nonexempt Trust)
Footnotes (4)
- F1. Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- F2. 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.
- F3. This number includes rounding of fractional shares.
- F4. 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.
Key Figures
Class B shares converted: 3,147.75 shares
Class A shares sold: 3,147.75 shares
Sale price per share: $57.07 per share
+5 more
8 metrics
Class B shares converted
3,147.75 shares
Class B Common Stock converted into Class A on September 17, 2026
Class A shares sold
3,147.75 shares
Class A Common Stock sold on September 17, 2026
Sale price per share
$57.07 per share
Price for the 3,147.75 Class A shares sold
Direct Class B holdings after conversion
3,378,578 shares
Class B Common Stock directly held following the conversion transaction
K-A Family Trust indirect Class B holdings
5,372,245 shares
Class B Common Stock held indirectly by the K-A Family Trust dated December 6, 2021
VK 2024 GRAT indirect Class B holdings
267,716 shares
Class B Common Stock held indirectly by VK 2024 GRAT
RA 2024 GRAT indirect Class B holdings
267,716 shares
Class B Common Stock held indirectly by RA 2024 GRAT
VK 2025 GRAT indirect Class B holdings
241,660 shares
Class B Common Stock held indirectly by VK 2025 GRAT
Key Terms
sell to cover, restricted stock units, equity incentive plans, Amended and Restated Certificate of Incorporation, +1 more
5 terms
sell to cover financial
"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.
equity incentive plans financial
"part of the Issuer's election under its equity incentive plans to require"
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.
Amended and Restated Certificate of Incorporation regulatory
"as set forth in the Issuer's Amended and Restated Certificate of Incorporation"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
convertible financial
"The Class B common stock is convertible into an equal number of shares"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ServiceTitan (TTAN) president Vahe Kuzoyan report on this Form 4?
He converted 3,147.75 Class B shares into Class A and then sold 3,147.75 Class A shares at $57.07 per share on September 17, 2026, plus updated his direct and indirect Class B holdings.
What indirect ServiceTitan (TTAN) holdings are associated with Vahe Kuzoyan?
Indirect Class B holdings include, among others, 5,372,245 shares held by the K-A Family Trust dated December 6, 2021 and 267,716 shares held by the VK 2024 GRAT, along with additional blocks in other GRATs, an irrevocable trust, and by his spouse.
AI-generated analysis. How Rhea-AI works. Not financial advice.
