[Form 4] ServiceTitan, Inc. Insider Trading Activity
ServiceTitan insider Vahe Kuzoyan reported scheduled conversions and sales of common stock under a prearranged trading plan. On 09/23/2025 and 09/24/2025 Mr. Kuzoyan converted Class B common stock into Class A common stock (16,504 and 16,690 shares, respectively) and immediately sold those converted shares pursuant to a Rule 10b5-1 trading plan adopted April 15, 2025. The filings show sales executed at weighted-average prices ranging from about $103.92 to $110.53 across multiple transactions, with the two conversion/sale events totaling 33,194 Class A shares disposed. The Form 4 also discloses substantial indirect holdings via family trusts and several GRATs, including 5,513,065 Class A-equivalent shares held by the K-A Family Trust and additional shares held in various GRATs and irrevocable trusts.
- Transactions executed under a Rule 10b5-1 trading plan, indicating prearranged, compliant insider sales
- Detailed estate-planning transfers disclosed (GRATs and irrevocable trusts), improving transparency around indirect holdings
- Comprehensive footnote explanations for conversion mechanics and price ranges, supporting regulatory compliance
- Insider sold a total of 33,194 Class A shares via conversions and subsequent sales on 09/23/2025–09/24/2025, which reduces directly held shares
- Weighted-average sale prices spanned approximately $103.92 to $110.53, indicating material volume executed into the market over two days
Insights
TL;DR: Routine, preplanned insider sales and estate-planning transfers; no new information on company operations.
The Form 4 documents conversions of Class B into Class A shares followed by immediate sales executed under a Rule 10b5-1 plan, indicating these were prearranged transactions rather than opportunistic market sales. The total of 33,194 shares sold across September 23–24, 2025, were transacted at weighted-average prices reported in the filing. The disclosure of significant indirect holdings through the K-A Family Trust and multiple GRATs highlights concentrated founder-family ownership despite the recent disposals. For investors, this report primarily signals liquidity actions and estate planning rather than operational developments.
TL;DR: Governance and compliance appear intact; transfers and sales are documented with Rule 10b5-1 notice and GRAT disclosures.
The filing includes explanatory footnotes describing the conversion mechanics and the use of a Rule 10b5-1 plan, which supports compliance with insider-trading rules. Multiple transfers among GRATs, irrevocable trusts, and family trusts are explicitly noted and documented as satisfying annuity payments or estate-planning instruments. The detailed footnotes and the attorney-in-fact signature indicate formal adherence to disclosure requirements. These are governance-related actions rather than changes to management or control structure.