Form 4: ServiceTitan President Sells Shares for Tax Obligations

ServiceTitan President Vahe Kuzoyan reported the conversion of Class B to Class A common stock and subsequent sale of shares to cover tax withholding obligations.

Summary

• Vahe Kuzoyan, President, Director, and 10% Owner of ServiceTitan, Inc., reported transactions on March 18, 2026.
• Converted 3,221 shares of Class B Common Stock into Class A Common Stock.
• Sold a total of 3,220.5 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The sales were non-discretionary 'sell to cover' transactions, mandated by the Issuer's equity incentive plans.
• Weighted average sale prices for the Class A Common Stock ranged from $68.33 to $74.16 across multiple transactions.
• Following these transactions, Kuzoyan directly holds 1.25 shares of Class A Common Stock and 3,384,934 shares of Class B Common Stock.
• Indirect beneficial ownership of Class B Common Stock totals 6,955,376 shares held through various family trusts and by a spouse.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While it involves insider selling, the non-discretionary nature for tax purposes means it doesn't signal a change in management's confidence or a negative outlook on the company.

Positives

• The sales were non-discretionary, indicating they were executed to cover tax withholding obligations and do not necessarily reflect a change in the insider's outlook on the company.

Negatives

• Insider selling, even for tax purposes, can sometimes be perceived negatively by some market participants, although the non-discretionary nature mitigates this concern.

Industry Context

StockSavvy.ai notes that 'sell to cover' transactions are a common mechanism for executives to manage tax liabilities arising from equity compensation. These non-discretionary sales are generally viewed differently by the market than discretionary open-market sales, as they do not necessarily reflect a change in the insider's sentiment about the company's future prospects.

Related Party Transactions

• Vahe Kuzoyan's indirect beneficial ownership of Class B Common Stock is held through various family trusts (RA 2024 GRAT, RA 2025 GRAT, RA 2025-2 GRAT, RA Irrevocable Nonexempt Trust, K-A Family Trust, VK 2024 GRAT, VK 2025 GRAT, VK 2025-2 GRAT, VK Irrevocable Nonexempt Trust) and by a spouse.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even for tax purposes, slightly increases the float of Class A common stock, but the impact is minimal given the non-discretionary nature and relatively small number of shares compared to total outstanding shares. The underlying Class B shares held by the executive and related entities maintain significant voting power.

Key Dates

Recommendation

The reported transactions are routine 'sell to cover' sales for tax obligations, not discretionary selling. This type of insider activity typically has a neutral impact on the stock's fundamental outlook and does not warrant a change in investment recommendation based solely on this filing.

Keywords

ServiceTitan, TTAN, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Vahe Kuzoyan, Corporate Governance