Form 4: ServiceTitan CFO Executes Sell-to-Cover Transaction

ServiceTitan CFO David Sherry sold 20,192.5 shares of Class A Common Stock to satisfy tax withholding obligations.

Summary

• David Sherry, Chief Financial Officer of ServiceTitan, Inc., reported the sale of 20,192.5 shares of Class A Common Stock.
• The transactions occurred on June 17, 2026.
• The sales were executed at a weighted average price of $66.19 per share.
• The total number of shares held by the reporting person following these transactions is 398,032.75.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was a non-discretionary administrative action required for tax compliance.

Positives

• The transaction was a mandatory 'sell-to-cover' to satisfy tax obligations, indicating no change in the executive's long-term confidence in the company.

Negatives

• Reduction in the direct equity stake held by the Chief Financial Officer.

Risks

• Market volatility affecting the value of equity-based compensation.

Future Outlook

No forward-looking guidance or strategic outlook was provided in this regulatory filing.

Management Comments

• The sales were mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction and do not represent discretionary trades.

Industry Context

StockSavvy.ai notes that 'sell-to-cover' transactions are standard administrative procedures for executives in the technology sector to manage tax liabilities associated with the vesting of restricted stock units (RSUs) and are generally not viewed as indicators of management sentiment.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for publicly traded software companies regarding RSU vesting and tax compliance.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was non-discretionary and related to tax obligations.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

ServiceTitan, TTAN, Insider Trading, Form 4, CFO, Equity Compensation