ServiceTitan (NYSE: TTAN) president trades via 10b5-1 plan, converts stock
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.
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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.
How many ServiceTitan Class B shares does Vahe Kuzoyan hold directly after these transactions?
After the reported transactions on January 6, 2026, Vahe Kuzoyan directly beneficially owned 3,388,155 shares of Class B Common Stock, which are convertible into an equal number of Class A shares at his election.
At what prices were Vahe Kuzoyan’s ServiceTitan Class A shares sold?
The filing reports weighted average sale prices of about $100.62 per share for sales on January 5, 2026 and $99.73 per share for sales on January 6, 2026, with detailed price ranges for each group of trades.
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.
Does Vahe Kuzoyan have indirect ownership interests in ServiceTitan shares?
Yes. In addition to his direct Class B holdings, the filing lists multiple indirect Class B positions held through GRATs, an irrevocable nonexempt trust, his spouse, and the K-A Family Trust, including an interest convertible into 5,503,365 shares of Class A Common Stock through that family trust.