BROWN MICHAEL MAURICE 4
Research Summary
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ServiceTitan (TTAN) Director Michael Brown Receives RSU Award
What Happened Michael Maurice Brown, a member of ServiceTitan's board of directors, received an award of 3,046 restricted stock units (RSUs) on June 17, 2026. The RSUs were reported at $0.00 per share (standard for equity awards) and represent a contingent right to receive one share of ServiceTitan Class A common stock per RSU if vesting conditions are met. The award vests in full on September 15, 2027, subject to Brown’s continued service on the board.
Key Details
- Transaction date: 2026-06-17; Report filed: 2026-06-18 (timely).
- Transaction type/code: Award/Grant (A).
- Quantity and reported price: 3,046 RSUs @ $0.00; reported value $0.
- Vesting: All RSUs vest on September 15, 2027, contingent on continued board service (see footnote F1).
- Shares owned after transaction: Not disclosed in this filing (this entry reports the RSU grant only).
- Notable footnotes: F1 explains RSU terms/vesting. Other footnotes (F10–F12, etc.) in the filing relate to holdings/disclaimers for Battery Ventures entities and do not change the nature of this director award.
- Exhibit: Exhibit 24 — Power of Attorney included.
Context This was a compensation grant (RSUs) to a non-employee director — a routine form of director pay rather than an open-market purchase or sale. Awards like this do not necessarily signal immediate bullish or bearish sentiment because they vest over time and are contingent on continued service. For investors, outright purchases (P) typically carry more direct information about an insider’s market view than routine grants (A).
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