Form 4: ServiceTitan Director Timothy Cabral Awarded 1,891 Restricted Stock Units

Timothy Cabral, a Director at ServiceTitan, Inc., was granted 1,891 restricted stock units as part of the company's non-employee director compensation program, vesting fully by September 15, 2026.

Summary

• Timothy S. Cabral, a Director of ServiceTitan, Inc. (TTAN), was awarded 1,891 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 18, 2025.
• These RSUs were granted at a price of $0, indicating they are part of a compensation award rather than a purchase.
• Following this transaction, Mr. Cabral beneficially owns 14,733 shares of Class A Common Stock directly.
• The RSUs are scheduled to vest in full on September 15, 2026, contingent upon Mr. Cabral's continued service on the Issuer's board of directors until that date.

Sentiment

Score: 7

Explanation: The filing is a routine insider transaction reporting an equity award to a director, which is generally a neutral to slightly positive event as it aligns director interests with shareholders. There are no negative implications.

Positives

• The RSU award aligns the director's interests with long-term shareholder value through equity compensation.
• The vesting schedule encourages continued service and commitment from a key board member.

Negatives

• No negative information is present in this routine insider transaction filing.

Risks

• The vesting of the RSUs is subject to the reporting person's continued service on the board, meaning the shares could be forfeited if service ceases before September 15, 2026.

Future Outlook

The awarded RSUs are set to vest on September 15, 2026, contingent on the director's continued service, indicating a future milestone for this equity compensation.

Industry Context

This is a standard practice for public companies to compensate non-employee directors with equity awards like RSUs, aligning their interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to non-employee directors is a common compensation practice across various industries, including technology and software companies, as it aligns director incentives with long-term shareholder value.
• The vesting schedule, contingent on continued service, is also a standard mechanism to ensure board stability and commitment.
• Specific comparable companies or projects are not mentioned in this filing, as it is a routine insider transaction report.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU award aligns the director's interests with long-term shareholder value, potentially leading to more focused governance. It also represents a minor dilution upon vesting.

Next Steps

• Continued service of Timothy S. Cabral on the ServiceTitan board of directors until September 15, 2026, for the RSUs to vest.
• Vesting of 1,891 RSUs on September 15, 2026, converting into Class A Common Stock.

Key Dates

Keywords

ServiceTitan, TTAN, SEC Form 4, insider transaction, restricted stock units, RSU, director compensation, equity award, Timothy Cabral