ServiceTitan (NYSE: TTAN) president trades via 10b5-1 plan, converts stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. president and director Vahe Kuzoyan reported planned stock transactions in early January 2026. On January 5 and January 6, he converted 16,388 shares of Class B Common Stock into an equal number of Class A Common Stock on each date at a conversion price of $0, and then sold multiple blocks of Class A shares on both days.
The sales were made under a Rule 10b5-1 trading plan adopted on April 15, 2025, at weighted average prices reported around $100.62 per share on January 5 and $99.73 per share on January 6, with detailed price ranges provided for each group of trades. After these transactions, he held a small remaining direct balance of Class A Common Stock and continued to own 3,388,155 shares of Class B Common Stock directly. The filing also lists substantial indirect holdings of Class B shares through multiple GRATs and family trusts, including interests convertible into 5,503,365 shares of Class A Common Stock held by the K-A Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 32,776 shares ($3,283,402)
Net Sell
25 txns
Insider
Kuzoyan Vahe
Role
President
Sold
32,776 shs ($3.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 16,388 | $0.00 | -- |
| Conversion | Class A Common Stock | 16,388 | $0.00 | -- |
| Sale | Class A Common Stock | 3,204 | $99.73 | $320K |
| Sale | Class A Common Stock | 2,872 | $99.73 | $286K |
| Sale | Class A Common Stock | 4,530 | $99.73 | $452K |
| Sale | Class A Common Stock | 4,162 | $99.73 | $415K |
| Sale | Class A Common Stock | 1,620 | $99.73 | $162K |
| Conversion | Class B Common Stock | 16,388 | $0.00 | -- |
| Conversion | Class A Common Stock | 16,388 | $0.00 | -- |
| Sale | Class A Common Stock | 2,464 | $100.62 | $248K |
| Sale | Class A Common Stock | 4,967 | $100.62 | $500K |
| Sale | Class A Common Stock | 2,964 | $100.62 | $298K |
| Sale | Class A Common Stock | 2,274 | $100.62 | $229K |
| Sale | Class A Common Stock | 3,693 | $100.62 | $372K |
| Sale | Class A Common Stock | 26 | $103.15 | $3K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,388,155 shares (Direct);
Class A Common Stock — 16,388.75 shares (Direct);
Class B Common Stock — 267,716 shares (Indirect, By RA 2024 GRAT)
Footnotes (1)
- Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.15 to $99.14. 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 $99.15 to $100.14. 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 $100.15 to $101.14. 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 $101.15 to $102.14. 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 $102.15 to $103.14. 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. These shares were sold in one transaction at $103.15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.36 to $98.35. 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 $98.36 to $99.35. 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 $99.36 to $100.35. 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 $100.36 to $101.35. 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 $101.36 to $101.72. 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 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.
FAQ
What insider activity did ServiceTitan (TTAN) report for Vahe Kuzoyan?
The filing shows that Vahe Kuzoyan, president and director of ServiceTitan, Inc., converted Class B Common Stock into Class A Common Stock on January 5 and 6, 2026, and sold multiple blocks of Class A shares on both dates under a pre-arranged trading plan.
Was the ServiceTitan insider sale by Vahe Kuzoyan under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025, which is a pre-arranged plan for trading company stock.
What is the significance of ServiceTitan’s Class B to Class A conversion for Vahe Kuzoyan?
The filing explains that Class B Common Stock is convertible into an equal number of Class A Common Stock at any time at the holder’s election and will also convert automatically upon certain transfers or events, as described in the company’s Amended and Restated Certificate of Incorporation.