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

ServiceTitan's Chief Financial Officer, David Sherry, sold 1,666 shares of Class A Common Stock across two days in November 2025, pursuant to a pre-arranged trading plan.

Summary

• David Sherry, Chief Financial Officer of ServiceTitan, Inc. (TTAN), disposed of a total of 1,666 shares of Class A Common Stock.
• The transactions occurred on November 17, 2025, and November 18, 2025.
• On November 17, 2025, 833 shares were sold at a weighted average price of $86.2 per share, with individual transaction prices ranging from $84.84 to $88.34.
• On November 18, 2025, 833 shares were sold at a weighted average price of $85.69 per share, with individual transaction prices ranging from $84.02 to $86.38.
• These sales were executed under a Rule 10b5-1 trading plan that was adopted on April 15, 2025.
• Following these reported transactions, David Sherry beneficially owns 345,118.75 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling by a key executive, even though it was pre-planned under a 10b5-1 plan. While routine, it still represents a reduction in insider ownership.

Negatives

• Insider selling by a key executive (CFO) could be perceived negatively by the market, even if pre-planned.
• A reduction in the CFO's direct ownership stake.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context. Insider selling, even under a pre-arranged plan, is a routine event that can occur for personal financial planning reasons and does not inherently reflect on the company's operational performance or industry trends.

Stakeholder Impact

• Shareholders may perceive the insider selling as a signal, potentially influencing their investment decisions, although the 10b5-1 plan mitigates some of the immediate negative implications.

Key Dates

Recommendation

While the CFO's sale of shares is a negative signal, the fact that it was executed under a pre-arranged 10b5-1 plan adopted months prior suggests it's for personal financial planning rather than a reaction to new, adverse company-specific information. Without additional context on company performance or other market factors, a 'hold' recommendation is appropriate, advising investors to monitor future filings and company news rather than making an immediate 'buy' or 'sell' decision based solely on this routine insider transaction.

Keywords

ServiceTitan, TTAN, David Sherry, CFO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Transaction