Form 4: ServiceTitan CFO Sells Shares Under 10b5-1 Plan

ServiceTitan's Chief Financial Officer, David Sherry, sold a total of 1,686 shares of Class A Common Stock across multiple transactions in October 2025 under a pre-arranged 10b5-1 trading plan.

Summary

• David Sherry, Chief Financial Officer of ServiceTitan, Inc. (TTAN), reported sales of Class A Common Stock.
• The transactions occurred on October 20, 2025, and October 21, 2025.
• A total of 1,686 shares were sold across six separate transactions.
• On October 20, 2025, 702 shares were sold at a weighted average price of $93.04, and 131 shares were sold at a weighted average price of $93.04.
• On October 21, 2025, 67 shares, 4 shares, 151 shares, and 631 shares were sold, all at a weighted average price of $96.39.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.
• Following these transactions, Sherry's direct beneficial ownership of Class A Common Stock decreased from 347,768.75 shares to 346,784.75 shares.
• The reported beneficial ownership includes 543 shares received via a pro rata, in-kind distribution, which was exempt from reporting under Rule 16a-9.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, these transactions were executed under a pre-established Rule 10b5-1 trading plan, which suggests routine personal financial planning rather than a reaction to new, adverse company-specific information. Therefore, it does not inherently signal a positive or negative outlook for the company's operational performance.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled transactions rather than opportunistic selling based on non-public information.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by investors as it reduces management's direct equity stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction report is specific to ServiceTitan and its Chief Financial Officer. It does not provide information directly related to broader industry trends or competitive landscape, beyond indicating ongoing equity management by a key executive within the company.

Stakeholder Impact

• Shareholders: May observe a slight reduction in direct insider ownership, but the context of a 10b5-1 plan generally limits negative interpretation, as these are pre-scheduled sales.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-established 10b5-1 trading plan. Such sales are typically for personal financial planning and do not usually signal a change in the company's fundamental outlook or warrant a change in investment recommendation. Investors should continue to evaluate ServiceTitan based on its operational performance and broader market conditions.

Keywords

ServiceTitan, TTAN, insider trading, Form 4, stock sale, CFO, 10b5-1 plan, equity, beneficial ownership