ServiceTitan CFO Sells Shares to Cover Tax Obligations
David Sherry, Chief Financial Officer of ServiceTitan (TTAN), sold 23,245 shares on September 17, 2026, for $1.3 million as part of a non-discretionary transaction tied to tax obligations from the vesting of restricted stock units. The sale does not reflect Sherry's personal view on the company’s stock and is in line with mandatory requirements set by ServiceTitan. ServiceTitan continues to report revenue growth, including 21% year-over-year in its fiscal second quarter ended July 31. However, it remains unprofitable, reporting a net loss of $129 million for the trailing twelve months (TTM) and an operating loss of $27.6 million in Q2 compared to $34.8 million a year ago. The company's stock has underperformed over the past year, losing 33.6% through October 1, significantly lagging behind the Nasdaq Composite’s gain of 20.3%. Despite this, ServiceTitan maintains a SaaS business model with recurring revenue and serves a broad customer base in field service management.
Tickers: $TTAN
Topics: executive sale SEC filing ServiceTitan