ICONIQ STRATEGIC PARTNERS II-B, L.P. 4
4 · ServiceTitan, Inc. · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner ICONIQ II Distributes 1.55M Shares
What Happened
- ICONIQ Strategic Partners II, L.P. (a reported 10% owner of ServiceTitan, ticker TTAN) distributed a total of 1,551,099 Class A common shares on July 13, 2026 to its limited partners and related entities. The distribution was for no consideration (i.e., not a sale) and the filing lists the amounts by fund: 556,878; 435,948; 229,384; 93,636; 113,731; and 121,522 shares. No transaction price or dollar value is reported (N/A).
Key Details
- Transaction date: July 13, 2026; Form 4 filed July 15, 2026 (timely filing).
- Transaction type: Other disposition (distribution) — shares transferred to partners for no consideration under Exchange Act exemptions (Rules 16a-13 and 16a-9).
- Total shares distributed: 1,551,099 Class A shares.
- Price/value: N/A (no cash received).
- Holdings after transaction: not specifically reported for ICONIQ II on this Form 4; certain partners/individuals noted in footnotes received and hold specified portions and disclaim beneficial ownership except to the extent of any pecuniary interest.
- Notable footnotes: distributions were pro rata to limited partners and the general partner; several related entities and individuals disclaim beneficial ownership of the transferred shares (except for any pecuniary interest).
Context
- These were fund-level distributions to limited partners, not open-market sales by an executive — they represent internal reallocations rather than a typical insider "sell" for proceeds. Distributions/gifts generally do not by themselves signal insider sentiment about the company’s prospects.
Insider Transaction Report
Form 4
ICONIQ STRATEGIC PARTNERS II, L.P.
10% Owner
Transactions
- Other
Class A Common Stock
[F1][F2][F3]2026-07-13−556,878→ 3,046,378 total - Other
Class A Common Stock
[F4][F2][F3]2026-07-13−435,948→ 2,384,842 total(indirect: By ICONIQ Strategic Partners II-B, L.P.) - Other
Class A Common Stock
[F5][F2][F3]2026-07-13−229,384→ 1,254,835 total(indirect: By ICONIQ Strategic Partners II Co-Invest, L.P. (ST Series)) - Other
Class A Common Stock
[F6][F2][F3]2026-07-13−93,636→ 512,236 total(indirect: By ICONIQ Strategic Partners II Co-Invest, L.P. (ST-2 Series)) - Other
Class A Common Stock
[F7][F2][F3]2026-07-13−113,731→ 622,162 total(indirect: By ICONIQ Strategic Partners III, L.P.) - Other
Class A Common Stock
[F8][F2][F3]2026-07-13−121,522→ 664,785 total(indirect: By ICONIQ Strategic Partners III-B, L.P.)
Holdings
- 443,221(indirect: By ICONIQ Strategic Partners V, L.P.)
Class A Common Stock
[F2][F3] - 594,405(indirect: By ICONIQ Strategic Partners V-B, L.P.)
Class A Common Stock
[F2][F3] - 247,163(indirect: By ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST))
Class A Common Stock
[F2][F3] - 111,891(indirect: By ICONIQ Strategic Partners V Co-Invest, L.P. (Series ST2))
Class A Common Stock
[F2][F3] - 506,720(indirect: By Divesh Makan)
Class A Common Stock
[F9] - 160,693(indirect: By Matthew Jacobson)
Class A Common Stock
[F10]
Footnotes (10)
- [F1]On July 13, 2026, ICONIQ Strategic Partners II, L.P. ("ICONIQ II") distributed, for no consideration, in the aggregate 556,878 shares of the Issuer's Class A Common Stock (the "ICONIQ II Shares") to its limited partners and to ICONIQ Strategic Partners II GP, L.P. ("ICONIQ II GP"), representing each such partner's pro rata interest in such ICONIQ II Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II Shares it received in the distribution by ICONIQ II to its partners, representing each such partner's pro rata interest in such ICONIQ II Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F10]The shares are held by Jacobson through a trust of which he is a trustee. Includes an aggregate of 48,535 ICONIQ II Shares, ICONIQ II-B Shares, ICONIQ II ST Shares, ICONIQ II ST2 Shares, ICONIQ III Shares and ICONIQ III-B Shares received in the distributions described herein. 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.
- [F2]ICONIQ II GP is the sole general partner of 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. (Series ST) ("ICONIQ V ST") and
- [F3](continued) 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 Messrs. Makan, 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.
- [F4]On July 13, 2026, ICONIQ II-B distributed, for no consideration, in the aggregate 435,948 shares of the Issuer's Class A Common Stock (the "ICONIQ II-B Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II-B Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II-B Shares it received in the distribution by ICONIQ II-B to its partners, representing each such partner's pro rata interest in such ICONIQ II-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F5]On July 13, 2026, ICONIQ II ST distributed, for no consideration, in the aggregate 229,384 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST Shares it received in the distribution by ICONIQ II ST to its partners, representing each such partner's pro rata interest in such ICONIQ II ST Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act.
- [F6]On July 13, 2026, ICONIQ II ST2 distributed, for no consideration, in the aggregate 93,636 shares of the Issuer's Class A Common Stock (the "ICONIQ II ST2 Shares") to its limited partners and to ICONIQ II GP, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. On the same date, ICONIQ II GP distributed, for no consideration, the ICONIQ II ST2 Shares it received in the distribution by ICONIQ II ST2 to its partners, representing each such partner's pro rata interest in such ICONIQ II ST2 Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act.
- [F7]On July 13, 2026, ICONIQ III distributed, for no consideration, in the aggregate 113,731 shares of the Issuer's Class A Common Stock (the "ICONIQ III Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III Shares it received in the distribution by ICONIQ III to its partners, representing each such partner's pro rata interest in such ICONIQ III Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F8]On July 13, 2026, ICONIQ III-B distributed, for no consideration, in the aggregate 121,522 shares of the Issuer's Class A Common Stock (the "ICONIQ III-B Shares") to its limited partners and to ICONIQ III GP, representing each such partner's pro rata interest in such ICONIQ III-B Shares. On the same date, ICONIQ III GP distributed, for no consideration, the ICONIQ III-B Shares it received in the distribution by ICONIQ III-B to its partners, representing each such partner's pro rata interest in such ICONIQ III-B Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Exchange Act.
- [F9]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. Includes an aggregate of 148,973 ICONIQ II Shares, ICONIQ II-B Shares, ICONIQ II ST Shares, ICONIQ II ST2 Shares, ICONIQ III Shares and ICONIQ III-B Shares received in the distributions described herein. 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.