Form 4: ServiceTitan Director Timothy S. Cabral Reports Share Transactions

Director Timothy S. Cabral of ServiceTitan, Inc. reports the acquisition of 5,885 Class A Common Stock shares and the conversion of Series F Preferred Stock into 5,885 Class A Common Stock shares.

Summary

• Timothy S. Cabral, a director at ServiceTitan, Inc., reported a transaction involving the company's stock.
• On December 13, 2024, Mr. Cabral acquired 5,885 shares of Class A Common Stock at a price of $0.
• This acquisition was a result of a reclassification where each share of Common Stock was converted into one share of Class A Common Stock.
• Additionally, 5,590 shares of Series F Preferred Stock were converted into 5,885 shares of Class A Common Stock due to a conversion ratio adjustment.
• Mr. Cabral now beneficially owns 12,842 shares of Class A Common Stock, which includes 2,957 restricted stock units (RSUs).

Sentiment

Score: 7

Explanation: The document is a routine filing of insider transactions, which is neutral to slightly positive as it indicates the director's continued involvement with the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The conversion of preferred stock to common stock is a typical event preceding or during an initial public offering (IPO), as seen with other tech companies like Snowflake and Datadog.
• The reporting of restricted stock units (RSUs) is also a common practice, similar to what is seen in filings from companies like Atlassian and Okta.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The conversion of preferred stock to common stock is a standard step in the process of a company going public, which is generally positive for shareholders.

Key Dates

Keywords

ServiceTitan, Class A Common Stock, Series F Preferred Stock, Director, Share Transaction, Reclassification, Stock Conversion, RSU, Beneficial Ownership