ServiceTitan CFO David Sherry Sells 23,245 Shares for $1.3 Million
Key Points
The disposition of 23,245 shares resulted in $1.3 million of proceeds.
The shares traded were equal to 6% of the stake held directly by the executive before the filing.
This transaction was conducted to satisfy automated tax requirements triggered by the vesting of restricted stock units.
David Sherry, Chief Financial Officer of ServiceTitan, Inc. (NASDAQ:TTAN), sold 23,245 shares of Class A Common Stock on September 17, 2026, according to a recent SEC Form 4 filing. The transaction was non-discretionary, executed to cover tax obligations associated with the vesting of restricted stock units, and does not reflect the insider's view on the stock.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $1.3 million |
| Shares sold (directly held) | 23,245 |
| Post-transaction shares (directly held) | 363,511 |
| Post-transaction value | $19.7 million |
Transaction value based on SEC Form 4 weighted average sale price ($57.07); post-transaction value based on Sept. 17 market close ($54.25).
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of Sept. 21 close) | $56.53 |
| Market Capitalization | $5.3 billion |
| Revenue (TTM) | $1.1 billion |
| Net Loss (TTM) | -$129.0 million |
Company Snapshot
ServiceTitan is a provider of cloud-based field service management software. The company has an integrated platform that addresses the operational complexity inherent in managing a distributed workforce and customer interactions.
- ServiceTitan provides comprehensive software solutions for field service management, enabling businesses to streamline the installation, maintenance, and repair operations of critical infrastructure and systems across residential and commercial properties.
- The company operates a software-as-a-service (SaaS) business model, generating recurring revenue through subscription-based access to its field service management platform that helps contractors and service providers optimize operational efficiency.
- ServiceTitan serves a diverse customer base of field service contractors, plumbers, electricians, HVAC technicians, and other service providers who require integrated tools for job scheduling, dispatch, customer management, and invoicing.
What this transaction means for investors
The sales transaction shouldn't cause any alarm bells to go off. While Sherry is a key insider, his reason for selling isn't based on his personal point of view.
That's because he disposed of the shares to satisfy his tax withholding obligation due to the vesting of restricted stock units. The company mandates these sales, and they aren't conducted based on the executive's discretion.
Similarly, Chief Accounting Officer Michele O'Connor also conducted stock sales for the same reason.
However, while the share sales aren't noteworthy, ServiceTitan's stock hasn't performed well. Over the last year, through Oct. 1, the shares lost 33.6%. That badly lagged the Nasdaq Composite's 20.3% total return.
ServiceTitan's revenue has been growing, including 21% year over year in the fiscal second quarter (ended July 31). However, the company continues to lose money. It had an operating loss of $27.6 million, based on generally accepted accounting principles, versus $34.8 million a year ago.
Source: SEC Form 4 filing for TTAN | Filed: Sept. 21
Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool recommends ServiceTitan. The Motley Fool has a disclosure policy.