Mahdessian Ara 4

What Happened

• Ara Mahdessian, Chief Executive Officer of ServiceTitan, sold a total of 51,947 shares in open-market transactions on July 7, 2026, generating approximately $4.21 million in proceeds (three sales: 23,720; 28,048; 179 shares). The filing also reports a conversion of 51,947 shares of Class B common stock into Class A common stock (no cash paid) that relates to these transactions.
• Sales were executed under a prearranged Rule 10b5-1 trading plan. The filing lists weighted-average prices; the shares were sold in multiple trades at prices in the roughly $80.00–$82.53 range, producing the reported totals.

Key Details

• Transaction date: July 7, 2026 (Form 4 filed July 8, 2026)
• Shares sold: 51,947 total (23,720; 28,048; 179), total proceeds ≈ $4,206,668
• Conversion: 51,947 shares of Class B → Class A recorded (no cash exchanged)
• Price info: weighted-average price shown; individual trade prices ranged about $80.00 to $82.53 (filing offers to provide per-price breakdown on request)
• Plan/footnotes: Sales were effected pursuant to a Rule 10b5-1 plan adopted Jan 15, 2026; Class B shares are convertible into Class A as described in the filing
• Shares owned after transaction: not specified in this Form 4
• Filing timeliness: filed the day after the transactions (no late-filing flag indicated)

Context

• The filing shows a conversion of Class B to Class A shares (a structural/ownership-class conversion) and subsequent sales executed under a prearranged 10b5-1 plan. Such conversions are administrative; the 10b5-1 plan indicates the sales were preplanned rather than ad hoc trading.
• This is a sale by the CEO and does not by itself indicate company performance or insider sentiment; purchases are generally more direct signals of insider bullishness.