Sherry David 4
Research Summary
AI-generated summary
ServiceTitan (TTAN) CFO Sherry David Sells 978 Shares
What Happened
- Sherry David, Chief Financial Officer of ServiceTitan, sold a total of 978 shares in open-market transactions on January 20–21, 2026. Proceeds reported total approximately $88,852. Sales were executed under a pre-established Rule 10b5-1 trading plan adopted April 15, 2025.
- The sales occurred in multiple lots (833 shares on Jan 20; 145 shares on Jan 21) at prices reported with weighted averages and single-trade prices (see Key Details). These were sales (not purchases), which are often routine when done under a 10b5-1 plan.
Key Details
- Transaction dates: Jan 20–21, 2026; Form 4 filed Jan 22, 2026 (filed within the normal two-business-day window).
- Total shares sold: 978; total proceeds: ~$88,852.
- Price range (per filing footnotes): trades executed at prices ranging approximately from $87.25 to $93.50. Several line items report weighted-average prices; one share was sold in a single transaction at $93.50.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: sales were effected pursuant to a Rule 10b5-1 plan (adopted Apr 15, 2025). Multiple footnotes note that reported prices are weighted averages and that the reporting person will provide a breakdown of shares sold at each separate price upon request.
Context
- A 10b5-1 trading plan allows insiders to sell at pre-set times or conditions and is commonly used to avoid claims of opportunistic trading; such sales are generally viewed as routine rather than a direct signal of management sentiment.
- For retail investors, purchases by insiders tend to be more informative than routine sales; these transactions simply show that the CFO reduced holdings under a scheduled plan. If you need the exact per-trade price breakdown, the filing notes that the reporting person can provide that detail on request.