SCHEDULE: ICONIQ Funds Boost ServiceTitan Stake

ICONIQ Strategic Partners and related entities, including key principals, have reported significant beneficial ownership in ServiceTitan, Inc.'s Class A Common Stock.

Summary

• ICONIQ Strategic Partners II GP, L.P. and ICONIQ Strategic Partners II TT GP, Ltd. each beneficially own 10,703,808 shares, representing 13.9% of ServiceTitan's Class A Common Stock.
• ICONIQ Strategic Partners III GP, L.P. and ICONIQ Strategic Partners III TT GP, Ltd. each beneficially own 1,673,869 shares, representing 2.2% of the Class A Common Stock.
• ICONIQ Strategic Partners V GP, L.P. and ICONIQ Strategic Partners V TT GP, Ltd. each beneficially own 1,582,212 shares, representing 2.0% of the Class A Common Stock.
• Divesh Makan beneficially owns 14,094,826 shares, or 18.2% of the Class A Common Stock, including shares held through his family trust and various ICONIQ entities.
• William J.G. Griffith beneficially owns 14,094,638 shares, or 18.2% of the Class A Common Stock, including shares held through his family trust and various ICONIQ entities.
• Matthew Jacobson beneficially owns 1,625,761 shares, or 2.1% of the Class A Common Stock, including shares held through a trust and ICONIQ V entities.
• The percentages are calculated based on 77,266,756 shares of Class A Common Stock outstanding as of May 31, 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, providing no explicit positive or negative operational or financial news. It indicates a significant, ongoing investment by a major institutional investor.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by institutional investors and their principals. It reflects the continued investment by ICONIQ Capital and its related funds in ServiceTitan, Inc., a company operating in the software or technology sector, given the nature of its common stock and typical investor profiles for such companies. The significant stakes held by Divesh Makan and William J.G. Griffith, as key equity holders of ICONIQ's general partners, underscore their firm's long-term commitment to the issuer.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership and potential long-term commitment from key investors.
• Company Management: Awareness of substantial stakes held by influential investment groups and their principals.

Key Dates

Keywords

ServiceTitan, ICONIQ Strategic Partners, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Institutional Investor, Equity Stake