ServiceTitan (TTAN) director-affiliated funds sell 94,615 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. director-related investment funds completed open-market sales of Class A common stock. Entities associated with reporting person William J.G. Griffith, including ICONIQ Strategic Partners V-B, L.P. and ICONIQ Strategic Partners V, L.P., sold a combined 94,615 shares on June 22–23, 2026 at weighted average prices of $63.0100–$64.1806 per share. After these sales, ICONIQ Strategic Partners V-B, L.P. reported holdings such as 595,196 shares, and ICONIQ Strategic Partners V, L.P. reported holdings such as 443,811 shares. The filing also notes separate positions including 360,970 shares held directly, plus 3,046 RSUs and 357,924 shares held through family and estate-planning trusts. Footnotes state the reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 94,615 shares ($6,001,191)
Net Sell
15 txns
Insider
Griffith William J.G.
Role
null
Sold
94,615 shs ($6.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 39,739 | $63.4172 | $2.52M |
| Sale | Class A Common Stock | 53,295 | $63.4172 | $3.38M |
| Sale | Class A Common Stock | 590 | $64.1806 | $38K |
| Sale | Class A Common Stock | 791 | $64.1806 | $51K |
| Sale | Class A Common Stock | 85 | $63.01 | $5K |
| Sale | Class A Common Stock | 115 | $63.01 | $7K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 443,811 shares (Indirect, By ICONIQ Strategic Partners V, L.P.);
Class A Common Stock — 360,970 shares (Direct, null)
Footnotes (1)
- ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP") is the sole general partner of ICONIQ Strategic Partners II, L.P. ("ICONIQ II"), ICONIQ Strategic Partners II-B, L.P. ("ICONIQ II-B"), ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series) ("ICONIQ II ST") and ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series) ("ICONIQ II ST2"). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ II Parent GP") is the sole general partner of ICONIQ II GP. ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of ICONIQ Strategic Partners V, L.P. ("ICONIQ V"), ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"), ICONIQ Strategic Partners V Co-Invest, L.P. (continued) (Series ST) ("ICONIQ V ST") and ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2) ("ICONIQ V ST2"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP. Divesh Makan and the Reporting Person are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP and Divesh Makan, the Reporting Person and Matthew Jacobson are the sole equity holders of ICONIQ V Parent GP. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $63.00 to $63.91. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.09 to $64.275. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request. Consists of (i) 3,046 shares issuable upon the settlement of restricted stock units ("RSUs") and (ii) 357,924 shares held by the Reporting Person through his family trust of which he is a trustee and another estate planning trust having an independent trustee. The RSUs are held by the Reporting Person, a director of the Issuer. The proceeds of any sale of shares of common stock issued to the Reporting Person upon settlement of the RSUs will be transferred to ICONIQ Capital, LLC. The Reporting Person disclaims beneficial ownership of these shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Shares sold: 94,615 shares
Sale price (June 22 lower tranche): $63.0100 per share
Sale price (June 23 higher tranche): $64.1806 per share
+5 more
8 metrics
Shares sold
94,615 shares
Net sell shares across six open-market sales
Sale price (June 22 lower tranche)
$63.0100 per share
Weighted average price on June 22, 2026
Sale price (June 23 higher tranche)
$64.1806 per share
Weighted average price on June 23, 2026
ICONIQ V-B holding
595,196 shares
Class A shares held after one June 23 sale
ICONIQ V holding
443,811 shares
Class A shares held after one June 23 sale
Direct holding
360,970 shares
Class A shares held directly as of June 22, 2026
Trust RSUs
3,046 RSUs
Shares issuable upon settlement of RSUs held by reporting person
Trust-held shares
357,924 shares
Shares held through family and estate-planning trusts
Key Terms
Section 16, pecuniary interest, restricted stock units ("RSUs"), weighted average price, +1 more
5 terms
Section 16 regulatory
"The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
restricted stock units ("RSUs") financial
"Consists of (i) 3,046 shares issuable upon the settlement of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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.
beneficial ownership financial
"This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What direct and trust holdings does the ServiceTitan (TTAN) Form 4 show for the reporting person?
The filing lists 360,970 shares of Class A common stock held directly, plus 3,046 RSUs and 357,924 shares held through a family trust and another estate-planning trust. The footnote notes that the reporting person disclaims beneficial ownership except for any pecuniary interest.
Does the ServiceTitan (TTAN) Form 4 say the reporting person is a beneficial owner of all reported shares?
No. Footnotes state the reporting person disclaims beneficial ownership of the securities reported, for Section 16 purposes, except to the extent of any pecuniary interest. The report specifies that this is not an admission of beneficial ownership for Exchange Act purposes.