Sherry David, Chief Financial Officer of ServiceTitan, Inc. (NASDAQ:TTAN), sold 2,276 shares of Class A Common Stock on July 15, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($79.31); post-transaction value based on July 15, 2026, market close ($78.35).
What was the mechanical nature of this disposition?The sale of 2,276 shares was executed in multiple tranches with weighted-average prices ranging from $78.00 to $81.74. This activity was mandated by a Rule 10b5-1 trading plan established six months prior, suggesting a routine management of the insider's equity portfolio rather than a reaction to recent market volatility.
How does this sale affect the CFO's overall equity exposure in ServiceTitan?Despite the disposition, Sherry David maintains a substantial direct position of 395,756 shares. This remaining stake has a market value of $31.01 million as of the July 15, 2026, close, indicating the executive retains significant alignment with the company's long-term performance.
What is the broader financial context surrounding this filing?As of July 15, 2026, market close, ServiceTitan shares have declined 30% over the trailing year. The company currently reports trailing twelve-month revenue of $1.0 billion and a net loss of $136.3 million.
ServiceTitan provides cloud-based software solutions for managing field service operations, including installation, maintenance, and repair services for residential and commercial infrastructure systems.
The company operates a subscription-based software-as-a-service (SaaS) business model, generating recurring revenue from service contractors and field service businesses that utilize its platform for operational management.
ServiceTitan primarily serves small to mid-sized field service contractors in the HVAC, plumbing, electrical, and home services sectors across North America.
ServiceTitan is a leading provider of field service management software with a market capitalization of $7.5 billion and TTM revenue of $1.0 billion. The company serves a fragmented market of field service businesses seeking digital transformation and operational efficiency solutions. With 3,414 employees and a presence across North America, ServiceTitan is positioned as a critical infrastructure provider for the skilled trades sector.
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