Form 4: ServiceTitan CFO Sells Shares for Tax Obligations

ServiceTitan's Chief Financial Officer, David Sherry, sold 11,672 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• David Sherry, Chief Financial Officer of ServiceTitan, Inc. (TTAN), disposed of 11,672 shares of Class A Common Stock on December 17, 2025.
• The sales were non-discretionary, mandated by the company's equity incentive plans to satisfy tax withholding obligations upon the vesting of restricted stock units.
• The shares were sold at a reported price of $105.3 per share, though actual weighted average prices for individual transactions ranged from $102.31 to $108.91.
• Following these transactions, Mr. Sherry beneficially owns 331,780.75 shares of ServiceTitan Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary 'sell to cover' for tax purposes, rather than a discretionary sale indicating a change in executive confidence.

Positives

• The transaction is a routine 'sell to cover' event, indicating the vesting of restricted stock units, which is a positive for the executive's compensation.

Negatives

• The sale reduces the direct beneficial ownership of Class A Common Stock by a key executive, though it is not a discretionary sale.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a 'sell to cover' to meet tax obligations. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect a change in company outlook or industry trends.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of executive ownership, but as a non-discretionary tax-related transaction, it is unlikely to signal any change in company fundamentals or management's view of the company's prospects.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

ServiceTitan, TTAN, SEC Form 4, Insider Trading, Stock Sale, CFO, Restricted Stock Units, Tax Withholding, Equity Incentive Plans