ICONIQ STRATEGIC PARTNERS II-B, L.P. 4
Research Summary
AI-generated summary
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.