Form 4: ServiceTitan Director Ilya Golubovich Reports Significant RSU Grant

ServiceTitan, Inc. Director Ilya Golubovich has reported the acquisition of 1,891 shares of Class A Common Stock through a restricted stock unit grant as part of the company's non-employee director compensation program.

Summary

• Ilya Golubovich, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), reported a transaction on June 18, 2025.
• The transaction involved the acquisition of 1,891 shares of Class A Common Stock.
• These shares were granted as Restricted Stock Units (RSUs) under the Issuer's non-employee director compensation program.
• The RSUs will vest in full on September 15, 2026, contingent on Mr. Golubovich's continued service on the board.
• Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director as part of a standard compensation program, which is generally viewed as a neutral to slightly positive event as it aligns management interests with shareholders.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Ilya Golubovich aligns his interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The RSU grant is part of a standard non-employee director compensation program, indicating a structured approach to executive incentives and retention.

Risks

• The vesting of the 1,891 Restricted Stock Units (RSUs) is subject to Ilya Golubovich's continued service on the Issuer's board of directors through the vesting date of September 15, 2026.

Future Outlook

The 1,891 Restricted Stock Units granted to Director Ilya Golubovich are scheduled to vest in full on September 15, 2026, provided he continues his service on the ServiceTitan board of directors until that date.

Management Comments

• "Represents an award of restricted stock units ('RSUs') granted pursuant to the Issuer's non-employee director compensation program."
• "The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date."
• "Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."

Industry Context

The grant of Restricted Stock Units (RSUs) to non-employee directors is a common practice across industries, particularly in technology and growth-oriented companies, to attract and retain talent while aligning their long-term interests with shareholder value. This type of equity compensation is a standard component of corporate governance and incentive structures.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for non-employee director compensation is a widely adopted practice among publicly traded companies, including those in the software and technology sectors, such as Salesforce, Adobe, and Microsoft, which frequently utilize similar equity-based incentives to align director interests with long-term company performance.
• The vesting schedule, contingent on continued service, is also a standard mechanism to ensure retention and commitment from board members, consistent with best practices in corporate governance.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their long-term interests with shareholder value, as the director's compensation is tied to the company's stock performance.

Next Steps

• The Restricted Stock Units (RSUs) are scheduled to vest on September 15, 2026, subject to continued board service by Ilya Golubovich.

Key Dates

Keywords

ServiceTitan, TTAN, SEC filing, Form 4, insider transaction, director compensation, restricted stock units, RSU, equity grant, corporate governance, Ilya Golubovich