Form 4: ServiceTitan President Sells Shares for Tax Obligations

ServiceTitan President Vahe Kuzoyan converted Class B shares to Class A and subsequently sold 3,039.25 Class A shares to cover tax withholding obligations.

Summary

• Vahe Kuzoyan, President, Director, and 10% Owner of ServiceTitan, Inc., reported transactions on December 17, 2025.
• Converted 3,039 shares of Class B Common Stock into Class A Common Stock.
• Sold a total of 3,039.25 shares of Class A Common Stock at a weighted average price of $105.3 per share.
• These sales were non-discretionary "sell to cover" transactions to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Kuzoyan directly beneficially owns 0.75 shares of Class A Common Stock.
• Kuzoyan also directly and indirectly beneficially owns 10,386,007 shares of Class B Common Stock, convertible into Class A Common Stock.

Sentiment

Score: 5

Explanation: Neutral. The transactions are routine 'sell to cover' events for tax obligations and do not indicate a discretionary change in the insider's investment sentiment towards the company.

Positives

• The sales were non-discretionary, indicating they were not a voluntary decision by the insider to reduce exposure to the company.

Negatives

• A reduction in direct Class A common stock holdings by a key insider, though this is offset by significant indirect and Class B holdings.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Management Comments

• The sales were mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, specifically a 'sell to cover' event. Such transactions are common across industries when restricted stock units vest, as executives often need to sell shares to meet tax liabilities. It does not reflect a change in the company's strategic direction or market position.

Comparison to Industry Standards

• NA

Related Party Transactions

• Indirect beneficial ownership of Class B Common Stock through various trusts (RA 2024 GRAT, RA 2025 GRAT, RA 2025-2 GRAT, RA Irrevocable Nonexempt Trust, VK 2024 GRAT, VK 2025 GRAT, VK 2025-2 GRAT, VK Irrevocable Nonexempt Trust, K-A Family Trust dated December 6, 2021) and by spouse.

Stakeholder Impact

• Minimal direct impact on shareholders as the transaction is a non-discretionary 'sell to cover' for tax purposes, a common occurrence for executives with equity compensation.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Recommendation

The reported transactions are non-discretionary 'sell to cover' sales to satisfy tax obligations upon the vesting of restricted stock units. These are routine events for executives and do not reflect a change in the reporting person's investment conviction or the company's fundamentals. Therefore, the filing itself does not provide a basis for a change in investment recommendation, maintaining a 'hold' position based on existing company analysis.

Keywords

ServiceTitan, TTAN, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Vahe Kuzoyan, Beneficial Ownership