Form 4: ServiceTitan CFO David Sherry Sells Shares to Cover Tax Obligations

David Sherry, CFO of ServiceTitan, sold shares of Class A Common Stock on March 20, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• David Sherry, the Chief Financial Officer of ServiceTitan, sold shares of Class A Common Stock on March 20, 2025.
• The sales were executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• A total of 10,175 shares were sold at a weighted average price of $94.65.
• The sales were mandated by ServiceTitan's equity incentive plans as a 'sell to cover' transaction.
• Following the reported transactions, Sherry directly owns 325,409 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales for tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The 'sell to cover' mechanism for tax obligations is a common practice in equity compensation plans.
• Comparable companies would have similar insider transaction reporting requirements.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the purpose of the sales.

Key Dates

Keywords

Form 4, ServiceTitan, David Sherry, CFO, Stock Sale, Tax Withholding, TTAN, Class A Common Stock, Restricted Stock Units, Sell to Cover