Sherry David 4
Research Summary
AI-generated summary
ServiceTitan (TTAN) CFO Sherry David Sells Shares
What Happened Sherry David, Chief Financial Officer of ServiceTitan (TTAN), disposed of 17,777.5 shares on 2026-03-18 in multiple open‑market/private sales to satisfy tax withholding related to vested restricted stock units. Transaction-level details reported:
- 5,047 shares @ $69.86 = $352,583
- 8,067.5 shares @ $69.86 = $563,596
- 2,729.75 shares @ $69.86 = $190,700
- 936.25 shares @ $69.86 = $65,406
- 386 shares @ $69.86 = $26,966
- 611 shares @ $69.86 = $42,684 Total proceeds ≈ $1,241,935. These sales are reported as sell-to-cover tax withholding (not discretionary sales).
Key Details
- Transaction date: 2026-03-18; Form filed 2026-03-19.
- Transaction type/code: S = Sale; F (tax withholding / sell-to-cover) per footnote F1.
- Total shares sold: 17,777.5; total proceeds ≈ $1.24M.
- Price reporting: filing shows a weighted average of $69.86; footnotes indicate individual lots traded across price ranges (≈ $68.33–$74.16 across the tranches; see F2–F7 for per-range detail).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing timeliness: filed the next day (no late filing indicated in the excerpt).
Context These were sell-to-cover transactions to satisfy tax withholding on vested RSUs (per F1) and are routine administrative dispositions rather than discretionary sales signaling a change in insider conviction. Retail investors often view purchases as stronger signals than routine tax-related sales. If you want exact per-lot sale prices within the reported ranges, the filer notes they will provide that detail on request to the company, shareholders, or the SEC.