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.