Mahdessian Ara 4

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).