ServiceTitan CEO Sells Over 3,000 Shares Amid Stock Decline
Ara Mahdessian, the CEO of ServiceTitan (TTAN), sold over 3,147 shares worth $180,000 on September 17, 2026. The transaction was part of a mandatory 'sell to cover' arrangement required by the company to satisfy tax obligations from vested restricted stock units (RSUs). Despite reducing his direct ownership in common stock to just two shares, Mahdessian retains significant beneficial interest through derivative holdings and trusts. The sale occurred as ServiceTitan's stock closed at $54.25 on September 17—near a one-year low—and had delivered a total return of -52% over the past year. The company reported mixed financial results, with revenue rising by 21% to $292.8 million in its fiscal second quarter but still posting a net loss. Investors are advised that this transaction was not an investment decision based on market timing but rather a compliance-driven action tied to tax obligations.
Tickers: $TTAN
Topics: restricted stock units (RSUs) SEC filing tax withholding