Servicetitan SEC Filings

Form 4 filing overview: Clover Health Investments (CLOV) reported insider activity by Jamie L. Reynoso, listed as “CEO, Medicare Advantage.” On 30 June 2025 Ms. Reynoso earned 217,523 Class A shares through the final tranche of a March 16 2023 performance-based RSU award. To satisfy withholding taxes, the company automatically sold 85,596 shares at $2.79 per share. After the automatic sale, Ms. Reynoso’s direct ownership stands at 3,328,328 Class A shares, up roughly 132 k shares versus the prior balance.

• Nature of transaction: “A” code denotes acquisition from equity award; “F” code denotes shares withheld for taxes—neither represents an open-market trade.
• Cost basis: RSUs were settled at no cash cost to the insider; only the tax-withholding sale carries a market price.
• Alignment impact: The executive retains a sizable equity stake (≈3.3 million shares), reinforcing incentive alignment, but no new cash investment was made.

Overall, the filing reflects routine equity-compensation vesting and related tax withholding rather than a discretionary buy or sell decision. Market impact is expected to be neutral barring other catalysts.

Form 4 filing overview: Clover Health Investments (CLOV) reported insider activity by Jamie L. Reynoso, listed as “CEO, Medicare Advantage.” On 30 June 2025 Ms. Reynoso earned 217,523 Class A shares through the final tranche of a March 16 2023 performance-based RSU award. To satisfy withholding taxes, the company automatically sold 85,596 shares at $2.79 per share. After the automatic sale, Ms. Reynoso’s direct ownership stands at 3,328,328 Class A shares, up roughly 132 k shares versus the prior balance.

• Nature of transaction: “A” code denotes acquisition from equity award; “F” code denotes shares withheld for taxes—neither represents an open-market trade.
• Cost basis: RSUs were settled at no cash cost to the insider; only the tax-withholding sale carries a market price.
• Alignment impact: The executive retains a sizable equity stake (≈3.3 million shares), reinforcing incentive alignment, but no new cash investment was made.

Overall, the filing reflects routine equity-compensation vesting and related tax withholding rather than a discretionary buy or sell decision. Market impact is expected to be neutral barring other catalysts.

Ralliant Corp (RAL) filed a Form 4 disclosing that director Ganesh Moorthy acquired 4,434 restricted stock units (RSUs) of common stock on 06/30/2025. The RSUs were granted at no cost (price $0) and are classified under transaction code “A” (grant, award or other acquisition).

The award will vest on the earlier of (i) the first anniversary of the grant date or (ii) immediately prior to Ralliant’s 2026 annual shareholders’ meeting. Following the grant, Moorthy’s total beneficial ownership stands at 4,434 shares, held directly. No derivative securities were reported, and the filing was executed by attorney-in-fact Sarah Johnson on 07/02/2025.

The transaction represents a routine annual equity grant meant to align director incentives with shareholder interests and does not, by itself, signal a change in the company’s financial outlook.

On June 30, 2025, Arcosa, Inc. (ACA) President & CEO Antonio Carrillo filed a Form 4 reporting the award of 2 Arcosa Phantom Stock Units under the company’s Deferred Plan for Director Fees. Each unit is the economic equivalent of one share of common stock but settles in cash when the executive leaves the company, so no common shares are issued and the transaction is non-dilutive. The filing lists an indicative underlying price of $86.71 and shows Carrillo now beneficially owns 4,876 phantom units in total. The transaction was coded “A,” confirming it was a compensatory grant rather than an open-market purchase or sale. Because the award is small and cash-settled, it has minimal immediate impact on Arcosa’s share count, liquidity, or insider sentiment.

Form 4 filing for ServiceTitan, Inc. (TTAN) details two open-market sales of the company’s Class A common stock by Bessemer Venture Partners–affiliated funds, for which director and 10% owner Byron B. Deeter is an indirect beneficiary.

• June 27 2025: BVP VIII sold 52,353 shares, BVP VIII Institutional sold 62,961 shares and 15 Angels II LLC sold 2,811 shares — a combined 118,125 shares.
• June 30 2025: BVP VIII sold 47,490 shares, BVP VIII Institutional sold 57,112 shares and 15 Angels II LLC sold 2,550 shares — a combined 107,152 shares.

Total shares disposed across the two transactions equal 225,277. After the sales, the filing lists only 1,891 shares of indirect beneficial ownership for the reporting person.

Deeter disclaims beneficial ownership beyond his pecuniary interest and notes that any shares he receives from issuer equity grants are assigned to Deer Management Co. LLC. No transaction prices were disclosed in the filing tables. The sales were carried out by venture funds rather than directly by Deeter, yet Section 16 classification shows him as both Director and 10% Owner, making the activity material to investors monitoring insider behavior.

ServiceTitan, Inc. (TTAN) Form 4 highlights the first insider activity disclosed since the company’s IPO lock-up expiration. President & Co-Founder Vahe Kuzoyan converted 25,208 Class B shares into an equal number of Class A shares on 06/26/2025, then immediately sold the same amount in four tranches at a weighted-average price of ≈$104.65. The gross proceeds of roughly $2.6 million were mandated “sell-to-cover” transactions to satisfy payroll-tax withholding tied to vested RSUs, so they are not discretionary sales.

Post-transaction, Kuzoyan reports zero Class A shares held directly, but retains substantial voting and economic exposure through 3.61 million Class B shares held directly and another 6.0 million-plus Class B shares held indirectly via GRATs, a family trust, and spouse. Class B shares are one-for-one convertible into Class A and carry super-voting rights until conversion or transfer.

On 06/24/2025—the same week—a separate exempt transfer moved 3.81 million Class B shares into the K-A Family Trust, maintaining Kuzoyan’s beneficial ownership but improving estate planning. The filing therefore does not indicate meaningful liquidation and leaves the executive’s long-term alignment with public shareholders intact.

ServiceTitan, Inc. (TTAN) – Form 4 filed 06/30/2025

CEO & Co-founder Ara Mahdessian reported a routine set of insider transactions on 06/26/2025:

• Conversion: 24,392 Class B shares were converted 1-for-1 into Class A shares at no cost, increasing the publicly traded float.
• Sell-to-cover sales: 24,391.25 Class A shares were immediately sold in four tranches to satisfy withholding taxes linked to restricted-stock-unit vesting. The weighted-average sale price was $104.65, with price bands ranging from $103.20 to $106.57, generating roughly $2.55 million in gross proceeds.
• Post-transaction, direct Class A ownership fell to just 0.75 share; however, Mahdessian retains 3,313,545 Class B shares directly and a further 6,144,019 Class B shares indirectly through two 2024 GRATs and the AMKE family trust.
• The filing also records exempt June 24, 2025 transfers of 185,367 Class B shares from each GRAT to the family trust, consistent with Rule 16a-13.

The activity is disclosed as non-discretionary and mandated by the company’s equity incentive plan. While it reduces the CEO’s immediate Class A stake, his overall economic exposure and voting control remain largely unchanged, suggesting neutral fundamental impact for investors.

ServiceTitan, Inc. (TTAN) – Form 4 insider transaction

Chief Financial Officer David Sherry reported four sell transactions dated 26 June 2025 involving the company’s Class A common stock. The sales were executed under transaction code “S” and are expressly described as a mandatory “sell-to-cover” arrangement to satisfy tax-withholding obligations that arose when restricted stock units (RSUs) vested following the expiry of the IPO lock-up period. Therefore, they do not reflect discretionary portfolio decisions by the insider.

• Total shares sold: 16,630 (4,856 + 8,244 + 3,024 + 506)
• Weighted average price: $104.65, with actual trade ranges of $103.20-$106.57 as detailed in footnotes 2-5.
• Approximate gross proceeds: ~$1.74 million (16,630 × $104.65).
• Shares remaining under direct ownership: 368,678.25, indicating the CFO retains roughly 96% of his pre-sale holdings (≈385,308 shares).

The filing is routine for newly vested equity awards and does not signify a change in strategic outlook. Investors may note that the insider continues to hold a substantial stake, preserving alignment with shareholder interests, while the added float of 16,630 shares is immaterial relative to ServiceTitan’s total shares outstanding (not disclosed in this document).

Form 4 filing overview: Director Dawn E. Hudson reported the receipt of 1,799 shares of NVIDIA common stock on 06/26/2025. The shares are in the form of restricted stock units (RSUs) that were granted at no cash cost as part of the company’s annual equity award for board service. According to the accompanying footnote, the RSUs will vest 50% on 11/19/2025 and 50% on 05/20/2026; all units vest immediately if the director’s service ends due to death.

Following the grant, Hudson’s directly held position rises to 458,887 shares. There were no disposals or sales reported in this filing, and no derivative securities were listed. The transaction was coded “A” (acquisition) and carries a price of $0, confirming it is purely a compensatory award rather than an open-market purchase.

Given NVIDIA’s market capitalization, the incremental 1,799 shares represent an immaterial addition from a corporate-level perspective but continue to align the director’s incentives with shareholder value. No other directors or insiders were included in this filing, and no amendments to prior reports were noted.