Form 4: ServiceTitan CEO Converts, Gifts Shares

ServiceTitan CEO Ara Mahdessian converted Class B shares to Class A and gifted a portion to a donor-advised fund.

Summary

• Ara Mahdessian, Chief Executive Officer and Director of ServiceTitan, Inc., reported transactions on December 30, 2025.
• The AMKE Trust, associated with Mr. Mahdessian, converted 19,000 shares of Class B Common Stock into an equal number of Class A Common Stock.
• Following the conversion, the AMKE Trust gifted 19,000 shares of Class A Common Stock to a donor-advised fund.
• These transactions resulted in a net change of zero shares in the AMKE Trust's direct beneficial ownership of Class A Common Stock from these specific reported activities.
• Post-transaction, the AMKE Trust continues to hold 4,408,021 shares of Class B Common Stock convertible into Class A Common Stock.
• Other trusts (AM 2024 GRAT, AM 2025 GRAT, KE 2024 GRAT, KE 2025 GRAT) and direct holdings also maintain significant amounts of Class B Common Stock convertible into Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions involving stock conversion and a charitable gift, which are neutral in terms of company operational performance or financial health.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• The transactions involve Ara Mahdessian, the Chief Executive Officer and Director, and the AMKE Trust dated February 1, 2019, which is a related party.

Stakeholder Impact

• Shareholders: The gift of 19,000 Class A Common Stock to a donor-advised fund slightly reduces the beneficial ownership of the reporting person, but this is a common practice for charitable giving and is not a sale for cash. The conversion of Class B to Class A stock does not immediately impact the total number of outstanding shares but changes the class of shares held.

Key Dates

Recommendation

The Form 4 details a routine insider transaction involving the conversion of Class B to Class A common stock and a subsequent charitable gift by the CEO. These transactions are not indicative of changes in the company's fundamental performance or outlook, thus a 'hold' recommendation is appropriate as there's no new information to alter an existing investment thesis.

Keywords

ServiceTitan, TTAN, Insider Transaction, Form 4, Stock Conversion, Share Gift, CEO, Ara Mahdessian, Class A Common Stock, Class B Common Stock