SCHEDULE 13G: ServiceTitan Co-Founder Ara Mahdessian Discloses 8.6% Beneficial Ownership Stake
Beneficial Ownership Report
Ara Mahdessian, a key individual associated with ServiceTitan, Inc., has filed a Schedule 13G disclosing beneficial ownership of 8.6% of the company's Class A Common Stock as of December 31, 2024.
Summary
- Ara Mahdessian, identified as the Reporting Person, beneficially owns 7,166,048 shares of ServiceTitan, Inc.'s Class A Common Stock.
- This ownership represents 8.6% of the Class A Common Stock outstanding as of December 31, 2024.
- The total Class A Common Stock outstanding used for calculation was 76,537,855 shares, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on January 14, 2025.
- Mr. Mahdessian holds sole voting power and sole dispositive power over all 7,166,048 shares.
- The beneficial ownership includes 6,144,019 shares of Class A Common Stock issuable upon conversion of Class B Common Stock held in trusts, and 1,022,029 shares of Class A Common Stock issuable upon conversion of Class B Common Stock underlying stock options exercisable within 60 days of December 31, 2024.
Sentiment
Score: 5
Explanation: Neutral. This is a routine regulatory filing disclosing beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant beneficial ownership, common for founders or key executives of publicly traded companies. It provides transparency regarding the ownership structure of ServiceTitan, Inc., a company operating in the software or technology sector, likely serving the home services industry given its name.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant insider's ownership stake, which can be a factor in assessing corporate governance and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date) |
| 01/14/2025 | Date ServiceTitan, Inc. filed its Quarterly Report on Form 10-Q, disclosing the number of Class A Common Stock shares outstanding |
| 02/13/2025 | Date the Schedule 13G was signed and filed |
Keywords
ServiceTitan, Ara Mahdessian, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Shareholder, Insider Ownership
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