Form 4: ServiceTitan Director and 10% Owner Reports Sale of Over 90,000 Shares

William J.G. Griffith, a Director and 10% owner of ServiceTitan, Inc., reported the sale of 90,917 shares of Class A Common Stock through various ICONIQ Strategic Partners funds on July 9, 2025, under a Rule 10b5-1 plan.

Summary

• William J.G. Griffith, a Director and 10% owner of ServiceTitan, Inc. (TTAN), reported transactions on July 9, 2025.
• A total of 90,917 shares of Class A Common Stock were disposed of through sales.
• These sales were executed through various ICONIQ Strategic Partners funds, specifically ICONIQ Strategic Partners V, L.P. and ICONIQ Strategic Partners V-B, L.P.
• The shares were sold at weighted average prices ranging from $108.0019 to $110.2635 per share.
• Following these transactions, the reporting person's indirect beneficial ownership through various ICONIQ funds totals 14,915,500 shares.
• An additional 261,954 shares are held directly by the reporting person through family and estate planning trusts.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sale of shares by a director and 10% owner is generally viewed as a neutral signal when conducted under a Rule 10b5-1(c) plan, as it indicates pre-scheduled sales for diversification or liquidity rather than a reaction to new, adverse information.

Positives

• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating pre-scheduled sales rather than a reaction to new, non-public information.

Negatives

• A Director and 10% owner sold a significant number of shares (90,917 shares) of Class A Common Stock.

Risks

• Insider selling, even if pre-scheduled, can sometimes be perceived negatively by the market, potentially signaling a desire for diversification or liquidity rather than a strong belief in future stock appreciation.

Future Outlook

N/A This document is an insider transaction report and does not provide forward-looking statements or guidance.

Management Comments

• "The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any."
• "This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose."

Industry Context

This Form 4 filing details an insider transaction specific to ServiceTitan, Inc. and does not inherently provide broader industry context or trends. Insider sales, even under a 10b5-1 plan, are common for executives and large shareholders for diversification or liquidity purposes.

Comparison to Industry Standards

• N/A This document reports an insider transaction and does not contain financial results or operational metrics that can be directly compared to industry benchmarks or specific comparable companies/projects.

Related Party Transactions

• Sale of 90,917 shares of Class A Common Stock by William J.G. Griffith, a Director and 10% owner, through entities associated with ICONIQ Capital.

Stakeholder Impact

• Shareholders: The sale by a significant insider, even under a 10b5-1 plan, could be perceived as a slight negative or a routine event depending on individual investor interpretation.

Next Steps

• N/A This document reports past transactions and does not outline future actions or milestones for the company.

Key Dates

Recommendation

Keywords

ServiceTitan, TTAN, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, William J.G. Griffith, ICONIQ Capital, Director, 10% Owner, Equity Sales, Rule 10b5-1