ICONIQ Strategic Partners V-B, L.P. 4
4 · ServiceTitan, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner ICONIQ Strategic Partners V Sells Shares
What Happened
- ICONIQ Strategic Partners V, L.P. (a reported 10% owner of ServiceTitan, ticker TTAN) sold a total of 94,615 ServiceTitan shares in open‑market/private sales on June 22–23, 2026. The disposals totaled roughly $6.00 million. Individual reported trades include 85 and 115 shares at $63.01, large blocks of 39,739 and 53,295 shares at a weighted average of $63.42, and smaller lots of 590 and 791 shares at a weighted average of $64.18. These were sales (not purchases or option exercises).
Key Details
- Transaction dates: June 22–23, 2026; Form 4 filed June 24, 2026.
- Shares sold: 94,615 total; approximate proceeds $6,001,192.
- Reported prices (weighted averages): $63.01, $63.42, $64.18. Footnotes state the $63.42 sales ranged from $63.00–$63.91 and the $64.18 sales ranged from $64.09–$64.275; full per‑price breakdown is available to the SEC on request.
- Shares owned after transaction: not disclosed in the excerpt provided.
- Footnotes: filing includes fund/GP structure and disclaimers (ICONIQ entities and individual GP equity holders disclaim beneficial ownership except to pecuniary interest). This is institutional trading by a 10% owner, not an executive’s personal trade.
Context
- These were straight sales by an institutional 10% holder — common for fund rebalancing or liquidity and not necessarily a signal about company fundamentals. No option exercises, gifts, or 10b5‑1 plans were reported in the provided excerpt.
Insider Transaction Report
Form 4
ICONIQ Strategic Partners V, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-22$63.01/sh−85$5,356→ 483,550 total - Sale
Class A Common Stock
[F1][F2]2026-06-22$63.01/sh−115$7,246→ 648,491 total(indirect: By ICONIQ Strategic Partners V-B, L.P.) - Sale
Class A Common Stock
[F3][F1][F2]2026-06-23$63.42/sh−39,739$2,520,136→ 443,811 total(indirect: By ICONIQ Strategic Partners V, L.P.) - Sale
Class A Common Stock
[F3][F1][F2]2026-06-23$63.42/sh−53,295$3,379,820→ 595,196 total(indirect: By ICONIQ Strategic Partners V-B, L.P.) - Sale
Class A Common Stock
[F4][F1][F2]2026-06-23$64.18/sh−590$37,867→ 443,221 total(indirect: By ICONIQ Strategic Partners V, L.P.) - Sale
Class A Common Stock
[F4][F1][F2]2026-06-23$64.18/sh−791$50,767→ 594,405 total(indirect: By ICONIQ Strategic Partners V-B, L.P.)
Holdings
- 3,603,256(indirect: By ICONIQ Strategic Partners II, L.P.)
Class A Common Stock
[F1][F2] - 2,820,790(indirect: By ICONIQ Strategic Partners II-B, L.P.)
Class A Common Stock
[F1][F2] - 1,484,219(indirect: By ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series))
Class A Common Stock
[F1][F2] - 605,872(indirect: By ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series))
Class A Common Stock
[F1][F2] - 735,893(indirect: By ICONIQ Strategic Partners III, L.P.)
Class A Common Stock
[F1][F2] - 786,307(indirect: By ICONIQ Strategic Partners III-B, L.P.)
Class A Common Stock
[F1][F2] - 247,163(indirect: By ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST))
Class A Common Stock
[F1][F2] - 111,891(indirect: By ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2))
Class A Common Stock
[F1][F2] - 357,747(indirect: By Divesh Makan)
Class A Common Stock
[F5] - 112,158(indirect: By Matthew Jacobson)
Class A Common Stock
[F6]
Footnotes (6)
- [F1]ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP") is the sole general partner of ICONIQ Strategic Partners II, L.P. ("ICONIQ II"), ICONIQ Strategic Partners II-B, L.P. ("ICONIQ II-B"), ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series) ("ICONIQ II ST") and ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series) ("ICONIQ II ST2"). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ II Parent GP") is the sole general partner of ICONIQ II GP. ICONIQ Strategic Partners III GP, L.P. ("ICONIQ III GP") is the sole general partner of ICONIQ Strategic Partners III, L.P. ("ICONIQ III") and ICONIQ Strategic Partners III-B, L.P. ("ICONIQ III-B"). ICONIQ Strategic Partners III TT GP, Ltd. ("ICONIQ III Parent GP") is the sole general partner of ICONIQ III GP. ICONIQ Strategic Partners V GP, L.P. ("ICONIQ V GP") is the sole general partner of ICONIQ Strategic Partners V, L.P. ("ICONIQ V"), ICONIQ Strategic Partners V-B, L.P. ("ICONIQ V-B"), ICONIQ Strategic Partners V Co-Invest, L.P.
- [F2](continued) (Series ST) ("ICONIQ V ST") and ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2) ("ICONIQ V ST2"). ICONIQ Strategic Partners V TT GP, Ltd. ("ICONIQ V Parent GP") is the sole general partner of ICONIQ V GP. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ II Parent GP and ICONIQ III Parent GP and Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of ICONIQ V Parent GP. Each of ICONIQ II GP, ICONIQ II Parent GP, ICONIQ III GP, ICONIQ III Parent GP, ICONIQ V GP, ICONIQ V Parent GP and Messrs. Makan, Griffith and Jacobson disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $63.00 to $63.91. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.09 to $64.275. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
- [F5]The shares are held by Makan through his family trust of which he is a trustee and another estate planning trust having an independent trustee. Makan disclaims beneficial ownership of the shares held by such trusts for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that Makan is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F6]The shares are held by Jacobson through a trust of which he is a trustee. Jacobson disclaims beneficial ownership of the shares held by such trust for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that Jacobson is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.