Form 4: ServiceTitan Director Byron Deeter Receives Restricted Stock Unit Grant

ServiceTitan, Inc. Director and 10% Owner Byron B. Deeter was granted 1,891 restricted stock units (RSUs) as part of the company's non-employee director compensation program.

Summary

• Byron B. Deeter, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), was granted 1,891 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The grant occurred on June 18, 2025, with a transaction price of $0 per RSU, indicating an award rather than a purchase.
• These RSUs are scheduled to vest in full on September 15, 2026, contingent upon Mr. Deeter's continued service on the Issuer's board of directors through that date.
• Each RSU represents a contingent right to receive one share of ServiceTitan's Class A Common Stock.
• Mr. Deeter has agreed to assign the right to any shares issuable from this grant, or any proceeds from their sale, to Deer Management Co. LLC (DMC).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard compensation practice that aligns director interests with shareholders, which is generally viewed favorably. There are no negative implications from this specific filing.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard component of non-employee director compensation, indicating a structured approach to governance and incentives.

Future Outlook

The document indicates that the granted Restricted Stock Units are scheduled to vest in full on September 15, 2026, provided the reporting person continues their service on the board of directors.

Industry Context

This Form 4 filing details a routine equity compensation grant to a non-employee director, a common practice across various industries to incentivize long-term commitment and align director interests with shareholder value. It does not provide insights into broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• Byron B. Deeter has agreed to assign the right to any shares issuable from this RSU grant, or any proceeds from their sale, to Deer Management Co. LLC (DMC). This indicates a transaction with an entity potentially related to the reporting person.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, as the value of the compensation is tied to the company's stock performance, potentially encouraging decisions that enhance long-term value.

Next Steps

• Continued service of Byron B. Deeter on the ServiceTitan board of directors until September 15, 2026, for the RSUs to vest.

Key Dates

Keywords

ServiceTitan, TTAN, Form 4, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction, Byron Deeter