Mahdessian Ara 4
4 · ServiceTitan, Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) CEO Ara Mahdessian Sells 3,028 Shares
What Happened
- Ara Mahdessian, CEO of ServiceTitan (TTAN), converted 3,028.25 shares of Class B common stock into Class A common stock and then sold all 3,028.25 shares in multiple open-market transactions on June 17, 2026. The filing reports a weighted average sale price of $66.19 per share and total proceeds of approximately $200,440.
Key Details
- Transaction date(s): June 15, 2026 (related trust transfers) and June 17, 2026 (conversion and sales); Form 4 filed June 17, 2026 (timely).
- Sales: 3,028.25 shares disposed in several tranches (individual reported sales: 610.45; 825.22; 922.57; 484.73; 154.19; 31.09) at a weighted average $66.19; total proceeds ≈ $200,440.
- Price ranges: the filing’s footnotes show the individual sales occurred across prices from about $64.10 to $69.50.
- Conversion: Footnote F1/F9 — Class B shares were converted into an equal number of Class A shares prior to sale (Class B converts on transfer or at holder’s election).
- Tax withholding: The filing notes some sales were “sell-to-cover” to satisfy tax withholding obligations under the company’s equity plan (footnote F2).
- Large related transfers: Footnotes F10 and F11 disclose June 15, 2026 transfers of large blocks of Class B stock among GRATs and trusts involving the reporting person and spouse.
- Shares owned after transaction: not specified on this Form 4.
Context
- This was a conversion followed by open-market sales (not a purchase). Converting Class B to Class A is a routine structural step for transferable Class B shares; the immediate sale indicates these converted shares were liquidated rather than retained. Some of the sales were specifically to cover tax withholding on vesting equity (sell-to-cover), which is a common, non-discretionary reason insiders sell shares. The filing appears timely (filed the same day as the reported sales).
Insider Transaction Report
Form 4
Mahdessian Ara
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
[F1]2026-06-17+3,028.25→ 3,029.25 total - Sale
Class A Common Stock
[F2][F3]2026-06-17$66.19/sh−610.45$40,406→ 2,418.8 total - Sale
Class A Common Stock
[F2][F4]2026-06-17$66.19/sh−825.22$54,621→ 1,593.58 total - Sale
Class A Common Stock
[F2][F5]2026-06-17$66.19/sh−922.57$61,065→ 671.01 total - Sale
Class A Common Stock
[F2][F6]2026-06-17$66.19/sh−484.73$32,084→ 186.28 total - Sale
Class A Common Stock
[F2][F7]2026-06-17$66.19/sh−154.19$10,206→ 32.09 total - Sale
Class A Common Stock
[F2][F8]2026-06-17$66.19/sh−31.09$2,058→ 1.75 total - Conversion
Class B Common Stock
[F9][F1][F10]2026-06-17−3,028.25→ 3,278,327 total→ Class A Common Stock (3,028.25 underlying)
Holdings
- 341,906(indirect: AM 2026 GRAT)
Class B Common Stock
[F9][F10]→ Class A Common Stock (341,906 underlying) - 87,128(indirect: By Trust)
Class B Common Stock
[F9][F10]→ Class A Common Stock (87,128 underlying) - 0(indirect: By AM 2024 GRAT)
Class B Common Stock
[F9][F10]→ Class A Common Stock (0 underlying) - 185,366(indirect: By AM 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (185,366 underlying) - 0(indirect: By KE 2024 GRAT)
Class B Common Stock
[F9][F11]→ Class A Common Stock (0 underlying) - 185,366(indirect: By KE 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (185,366 underlying) - 1(indirect: By Spouse)
Class B Common Stock
[F9][F11]→ Class A Common Stock (1 underlying) - 4,344,021(indirect: By Trust)
Class B Common Stock
[F9]→ Class A Common Stock (4,344,021 underlying) - 341,906(indirect: KE 2026 GRAT)
Class B Common Stock
[F9][F11]→ Class A Common Stock (341,906 underlying) - 87,128(indirect: By Trust)
Class B Common Stock
[F9][F11]→ Class A Common Stock (87,128 underlying)
Footnotes (11)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F10]Reflects the following: (i) the June 15, 2026 transfer of 341,907 shares of Class B Common Stock from the AM 2024 GRAT to the Reporting Person in satisfaction of a GRAT annuity payment owed to the Reporting Person; (ii) the subsequent June 15, 2026 transfer of 341,906 shares of Class B Common Stock from the Reporting Person to the AM 2026 GRAT; and (iii) the June 15, 2026 transfer of 87,128 shares of Class B Common Stock from the AM 2024 GRAT to the AM Irrevocable Nonexempt Trust.
- [F11]Reflects the following: (i) the June 15, 2026 transfer of 341,907 shares of Class B Common Stock from the KE 2024 GRAT to the Reporting Person's spouse in satisfaction of a GRAT annuity payment owed to the Reporting Person's spouse; (ii) the subsequent June 15, 2026 transfer of 341,906 shares of Class B Common Stock from the Reporting Person's spouse to the KE 2026 GRAT; and (iii) the June 15, 2026 transfer of 87,128 shares of Class B Common Stock from the KE 2024 GRAT to the KE Irrevocable Nonexempt Trust.
- [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 $64.10 to $65.09. 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 $65.10 to $66.09. 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 $66.10 to $67.09. 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 $67.10 to $68.09. 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 $68.10 to $69.09. 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 $69.10 to $69.50. 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/ Travis Shrout, Attorney-in-Fact|2026-06-17