Kuzoyan Vahe 4

What Happened
Vahe Kuzoyan, President and director of ServiceTitan (TTAN), converted 3,221 shares of Class B common stock into Class A common stock on 2026-03-18 and sold approximately the same number of shares that day in multiple open-market transactions. The disposals (reported as S) generated total proceeds of $224,984 (weighted average price reported as $69.86). The conversions are reported as derivative conversions (code C) and the sales were primarily to satisfy tax withholding obligations (see footnote).

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely filing).
• Transactions: Conversion of 3,221 Class B → Class A (code C); sales of multiple lots totaling ~3,221 shares (code S).
• Proceeds: $224,984 total from the reported disposals; reported weighted-average price $69.86. Footnotes show sales executed across price ranges of $68.33 to $74.16 (different lots).
• Reason for sales: Footnote F2 states these sales were sell-to-cover transactions to satisfy tax withholding for vested restricted stock units (mandated under the issuer’s equity plans), not discretionary trades.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes: F1/F9 explain Class B → Class A conversion mechanics; F2 explains tax-withholding sell-to-cover; F3–F8 detail price ranges per sale lot.

Context
This filing reflects a conversion of Class B shares and routine sell-to-cover sales for tax withholding, which are common and mandated under equity-plan rules; such transactions generally do not signal a discretionary sale or insider sentiment. The derivative conversion simply changed the share class (Class B to Class A) as permitted by the company’s charter.