ServiceTitan (TTAN) CEO Ara Mahdessian Sells 88,053 Shares

What Happened
Ara Mahdessian, Chief Executive Officer of ServiceTitan, converted a total of 88,053 shares of Class B common stock into Class A common stock and sold all 88,053 shares in open-market transactions on August 3–4, 2026. The sales generated total gross proceeds of approximately $7,467,853 (weighted-average sale price ≈ $84.79). Conversions are reported as derivative conversions (Class B → Class A) and the sales were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction dates: August 3, 2026 and August 4, 2026.
• Conversions (acquisitions): 49,766 shares on 8/3 and 38,287 shares on 8/4 (Class B → Class A, $0 cost reported).
• Open-market sales: same-day disposals of those converted shares — total 88,053 shares sold.
  • 8/3 sales (49,766 shares) at $84.75 (weighted) — proceeds $4,217,669.
  • 8/4 sales (38,287 shares) at $84.89 (weighted) — proceeds $3,250,184.
  • Combined proceeds ≈ $7,467,853; combined weighted-average ≈ $84.79/share.
• Reporting notes: Sales were effected under a Rule 10b5-1 trading plan adopted Jan 15, 2026 (footnote F2). Prices shown are weighted averages; detailed per‑trade price ranges are available on request per the filing footnotes. Conversions reflect Class B → Class A mechanics per the company charter (footnotes F1, F13).
• Shares owned after transaction: not specified in the provided summary of the Form 4.
• Filing timeliness: Form 4 was filed 2026-08-05 for transactions on Aug 3–4, 2026 — no late filing flag appears in the provided data.

Context

• These transactions show conversion of controlled Class B shares to tradable Class A shares followed by sales executed under a pre-existing 10b5-1 plan. Conversions + immediate sales are common mechanics for insiders who hold non-tradable or differently classed stock.
• Sales (dispositions) do not necessarily indicate a change in view on the company; they were carried out under a trading plan and involved converted shares.