Griffith William J.G. 4
Research Summary
AI-generated summary
ServiceTitan (TTAN) 10% Owner William J.G. Griffith Receives RSUs
What Happened
William J.G. Griffith, a director and reported 10% owner of ServiceTitan (TTAN), received an award of 3,046 restricted stock units (RSUs) on June 17, 2026. The RSUs were granted at $0.00 (no cash paid) and each RSU represents a contingent right to one share of Class A common stock. The RSUs vest in full on September 15, 2027, subject to his continued service on the board.
Key Details
- Transaction date and type: 2026-06-17 — Award/Grant (Code A) of 3,046 RSUs at $0.00.
- Vesting: RSUs vest in full on September 15, 2027, contingent on continued board service.
- Shares reported after grant: 3,046 shares issuable upon RSU settlement plus 357,924 shares held via a family trust — totaling 360,970 shares referenced in the filing (the reporting person disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest).
- Proceeds: Any proceeds from sale of shares issued on settlement of the RSUs will be transferred to ICONIQ Capital, LLC (per footnote).
- Filing/timeliness: Form 4 filed 2026-06-18 for a 2026-06-17 transaction — appears timely.
Context
This was a compensation award to a non-employee director (RSUs), not an open-market purchase or sale. RSU grants are common director compensation and vesting is contingent on continued service, so they do not necessarily signal an immediate trading intent. The filing includes standard disclaimers about beneficial ownership and arrangements with ICONIQ entities; these affect how ownership is reported under Section 16.