Kuzoyan Vahe 4
4 · ServiceTitan, Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) President Vahe Kuzoyan Sells Shares
What Happened
Vahe Kuzoyan, President and director of ServiceTitan (TTAN), converted 3,221 shares of Class B common stock into Class A common stock on 2026-03-18 and sold approximately the same number of shares that day in multiple open-market transactions. The disposals (reported as S) generated total proceeds of $224,984 (weighted average price reported as $69.86). The conversions are reported as derivative conversions (code C) and the sales were primarily to satisfy tax withholding obligations (see footnote).
Key Details
- Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely filing).
- Transactions: Conversion of 3,221 Class B → Class A (code C); sales of multiple lots totaling ~3,221 shares (code S).
- Proceeds: $224,984 total from the reported disposals; reported weighted-average price $69.86. Footnotes show sales executed across price ranges of $68.33 to $74.16 (different lots).
- Reason for sales: Footnote F2 states these sales were sell-to-cover transactions to satisfy tax withholding for vested restricted stock units (mandated under the issuer’s equity plans), not discretionary trades.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Relevant footnotes: F1/F9 explain Class B → Class A conversion mechanics; F2 explains tax-withholding sell-to-cover; F3–F8 detail price ranges per sale lot.
Context
This filing reflects a conversion of Class B shares and routine sell-to-cover sales for tax withholding, which are common and mandated under equity-plan rules; such transactions generally do not signal a discretionary sale or insider sentiment. The derivative conversion simply changed the share class (Class B to Class A) as permitted by the company’s charter.
Insider Transaction Report
Form 4
Kuzoyan Vahe
DirectorPresident
Transactions
- Conversion
Class A Common Stock
[F1]2026-03-18+3,221→ 3,221.75 total - Sale
Class A Common Stock
[F2][F3]2026-03-18$69.86/sh−914.25$63,870→ 2,307.5 total - Sale
Class A Common Stock
[F2][F4]2026-03-18$69.86/sh−1,461.5$102,100→ 846 total - Sale
Class A Common Stock
[F2][F5]2026-03-18$69.86/sh−494.5$34,546→ 351.5 total - Sale
Class A Common Stock
[F2][F6]2026-03-18$69.86/sh−169.5$11,841→ 182 total - Sale
Class A Common Stock
[F2][F7]2026-03-18$69.86/sh−70$4,890→ 112 total - Sale
Class A Common Stock
[F2][F8]2026-03-18$69.86/sh−110.75$7,737→ 1.25 total - Conversion
Class B Common Stock
[F9][F1]2026-03-18−3,221→ 3,384,934 total→ Class A Common Stock (3,221 underlying)
Holdings
- 267,716(indirect: By RA 2024 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (267,716 underlying) - 241,660(indirect: By RA 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (241,660 underlying) - 103,365(indirect: By RA 2025-2 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (103,365 underlying) - 113,263(indirect: By Trust)
Class B Common Stock
[F9]→ Class A Common Stock (113,263 underlying) - 3(indirect: By Spouse)
Class B Common Stock
[F9]→ Class A Common Stock (3 underlying) - 5,503,365(indirect: By Trust)
Class B Common Stock
[F9]→ Class A Common Stock (5,503,365 underlying) - 267,716(indirect: By VK 2024 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (267,716 underlying) - 241,660(indirect: By VK 2025 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (241,660 underlying) - 103,365(indirect: By VK 2025-2 GRAT)
Class B Common Stock
[F9]→ Class A Common Stock (103,365 underlying) - 113,263(indirect: By Trust)
Class B Common Stock
[F9]→ Class A Common Stock (113,263 underlying)
Footnotes (9)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [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 $68.33 to $69.32. 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 $69.33 to $70.32. 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 $70.33 to $71.32. 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 $71.33 to $72.32. 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 $72.33 to $73.32. 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 $73.33 to $74.16. 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/ Olive Huang, Attorney-in-Fact|2026-03-18