Ara Mahdessian - 13 Dec 2024 Form 4 Insider Report for ServiceTitan, Inc. (TTAN)

Role
Chief Executive Officer, Director
Signature
/s/ Olive Huang, Attorney-in-Fact
Issuer symbol
TTAN
Transactions as of
13 Dec 2024
Transactions value $
$0
Form type
4
Filing time
17 Dec 2024, 18:53:15 UTC
Previous filing
11 Dec 2024
Next filing
30 Jun 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTAN Class A Common Stock Disposed to Issuer -3.34M -100% 0 13 Dec 2024 Direct F1, F2, F3
transaction TTAN Class A Common Stock Disposed to Issuer -4.92M -100% 0 13 Dec 2024 By the AMKE Trust dated February 1, 2019 F1, F2
transaction TTAN Class A Common Stock Disposed to Issuer -614K -100% 0 13 Dec 2024 By AM 2024 GRAT F1, F2
transaction TTAN Class A Common Stock Disposed to Issuer -614K -100% 0 13 Dec 2024 By KE 2024 GRAT F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TTAN Class B Common Stock Award $0 +3.34M $0.00 3.34M 13 Dec 2024 Class A Common Stock 3.34M Direct F1, F2, F3, F4
transaction TTAN Class B Common Stock Award $0 +4.92M $0.00 4.92M 13 Dec 2024 Class A Common Stock 4.92M By the AMKE Trust dated February 1, 2019 F1, F2, F4
transaction TTAN Class B Common Stock Award $0 +614K $0.00 614K 13 Dec 2024 Class A Common Stock 614K By AM 2024 GRAT F1, F2, F4
transaction TTAN Class B Common Stock Award $0 +614K $0.00 614K 13 Dec 2024 Class A Common Stock 614K By KE 2024 GRAT F1, F2, F4
transaction TTAN Stock Option (Right to Buy) Disposed to Issuer $0 -1.02M -100% $0.00 0 13 Dec 2024 Class A Common Stock 1.02M $12.72 Direct F1, F5, F6
transaction TTAN Stock Option (Right to Buy) Award $0 +1.02M $0.00 1.02M 13 Dec 2024 Class B Common Stock 1.02M $12.72 Direct F4, F5, F6
transaction TTAN Stock Option (Right to Buy) Disposed to Issuer $0 -170K -100% $0.00 0 13 Dec 2024 Class A Common Stock 170K $12.72 Direct F1, F5, F7
transaction TTAN Stock Option (Right to Buy) Award $0 +170K $0.00 170K 13 Dec 2024 Class B Common Stock 170K $12.72 Direct F4, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7, each share of the Issuer's Common Stock was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock.
F2 Following the reclassification of the Issuer's Common Stock into Class A Common Stock, all shares of the Reporting Person's Class A Common Stock were exchanged at a 1:1 ratio for shares of Class B Common Stock pursuant to an exchange agreement entered into with the Issuer, as previously approved by the Issuer's board of directors.
F3 Consists of restricted stock units ("RSUs"), which vest in accordance with the terms of the applicable award. Each RSU represents a contingent right to receive one share of Class B Common Stock.
F4 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.
F5 In connection with the reclassification of the Issuer's Common Stock, the shares underlying the Reporting Person's equity awards were designated as shares of Class B Common Stock by the Issuer's board of directors.
F6 The shares underlying the option are fully vested and immediately exercisable.
F7 25% of the shares underlying the option will vest and become exercisable on the first anniversary of the Issuer's initial public offering, and 1/48th of the shares underlying the option will vest and become exercisable on each monthly anniversary of the initial vesting date thereafter.