Form 4: ServiceTitan President Sells Shares Under 10b5-1 Plan

ServiceTitan President Vahe Kuzoyan reported the conversion of Class B to Class A common stock and subsequent sales totaling over 32,000 shares under a pre-arranged 10b5-1 trading plan.

Summary

• Vahe Kuzoyan, President and Director of ServiceTitan, Inc., reported transactions involving Class A Common Stock.
• On January 5, 2026, 16,388 shares of Class B Common Stock were converted into Class A Common Stock.
• Immediately following the conversion on January 5, 2026, a total of 16,388 Class A Common Stock shares were sold at weighted average prices ranging from $98.15 to $103.15.
• On January 6, 2026, another 16,388 shares of Class B Common Stock were converted into Class A Common Stock.
• Following this conversion on January 6, 2026, a total of 16,388 Class A Common Stock shares were sold at weighted average prices ranging from $97.36 to $101.72.
• All reported sales were executed pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2025.
• Following these transactions, Vahe Kuzoyan directly holds 0.75 shares of Class A Common Stock.
• Indirect beneficial ownership includes 3,388,155 shares of Class B Common Stock directly, and additional Class B Common Stock held 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, totaling 6,850,111 shares indirectly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates they were not based on immediate, non-public information and are often for personal financial planning or diversification purposes.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be interpreted by the market as a signal of reduced confidence or a move towards diversification, potentially impacting investor sentiment.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports routine insider transactions under a pre-arranged trading plan and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may observe the insider selling and interpret it as a signal, though the 10b5-1 plan mitigates concerns about opportunistic selling.

Key Dates

Recommendation

The reported transactions are insider sales executed under a Rule 10b5-1 trading plan, which was adopted well in advance (April 15, 2025). Such pre-scheduled sales are typically for personal financial planning, diversification, or liquidity and do not necessarily reflect a change in the insider's confidence in the company's future prospects. Therefore, while it's not a 'buy' signal, it's also not a strong 'sell' signal, warranting a 'hold' recommendation based solely on this filing.

Keywords

ServiceTitan, TTAN, Vahe Kuzoyan, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Class A Common Stock, Class B Common Stock