Mahdessian Ara 4
4 · ServiceTitan, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) CEO Ara Mahdessian Sells Shares to Cover Taxes
What Happened
- Ara Mahdessian, CEO of ServiceTitan (TTAN), converted 2,289 shares of Class B common stock into Class A common stock and sold an equivalent 2,289 shares on March 18, 2026. The sales were reported as sell-to-cover transactions to satisfy tax withholding on vested restricted stock units, not discretionary trades.
- The reported weighted-average sale price was $69.86 per share, with individual trades executed across a range of $68.33 to $74.16. Total reported proceeds from the sales were about $159,875.
Key Details
- Transaction date: 2026-03-18 (Form 4 filed 2026-03-19 — appears timely).
- Actions reported: conversion of Class B to Class A (code C) and multiple open-market sales (code S) as sell-to-cover (tax withholding — F2).
- Prices: weighted average $69.86; reported individual trade price ranges $68.33–$74.16 (see footnotes F3–F8 for per-block ranges).
- Shares converted: 2,289 Class B → 2,289 Class A (F1, F9). Shares sold: ~2,289 (sum of listed sales).
- Shares owned after transaction: Form 4 does not state total post-transaction holdings; the conversion changed share class but not the reported number of shares beneficially owned.
- Footnotes of note: F2 indicates sales were mandated sell-to-cover for tax withholding (non-discretionary). F1/F9 explain Class B → Class A conversion rights. F3–F8 detail price ranges for the multiple sale blocks.
Context
- These were tax-withholding “sell-to-cover” sales tied to RSU vesting rather than open-market, discretionary sell-offs; such transactions generally do not signal insider sentiment. The derivative entry reflects conversion of share class rather than an option exercise or new acquisition.
Insider Transaction Report
Form 4
Mahdessian Ara
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
[F1]2026-03-18+2,289→ 2,289.5 total - Sale
Class A Common Stock
[F2][F3]2026-03-18$69.86/sh−649.75$45,392→ 1,639.75 total - Sale
Class A Common Stock
[F2][F4]2026-03-18$69.86/sh−1,038.5$72,550→ 601.25 total - Sale
Class A Common Stock
[F2][F5]2026-03-18$69.86/sh−351.25$24,538→ 250 total - Sale
Class A Common Stock
[F2][F6]2026-03-18$69.86/sh−120.5$8,418→ 129.5 total - Sale
Class A Common Stock
[F2][F7]2026-03-18$69.86/sh−49.75$3,476→ 79.75 total - Sale
Class A Common Stock
[F2][F8]2026-03-18$69.86/sh−78.75$5,501→ 1 total - Conversion
Class B Common Stock
[F9][F1]2026-03-18−2,289→ 3,281,355 total→ Class A Common Stock (2,289 underlying)
Holdings
- 429,035(indirect: By AM 2024 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (429,035 underlying) - 185,366(indirect: By AM 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (185,366 underlying) - 429,035(indirect: By KE 2024 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (429,035 underlying) - 185,366(indirect: By KE 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (185,366 underlying) - 4,344,021(indirect: By Trust)
Class B Common Stock
[F9]→ Class A Common Stock (4,344,021 underlying)
Footnotes (9)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F2]Represents shares sold to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of restricted stock units. These sales are mandated as part of the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.33 to $69.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.33 to $70.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.33 to $71.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.33 to $72.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.33 to $73.32. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.33 to $74.16. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers, or upon the occurrence of certain specified events, in each case as set forth in the Issuer's Amended and Restated Certificate of Incorporation.
Signature
/s/ Olive Huang, Attorney-in-Fact|2026-03-18