Shares of ServiceTitan Inc (NASDAQ:TTAN) moved lower on Thursday, dropping 3.8% after a regulatory filing revealed an insider sale by a senior finance executive. The disclosure, filed with the Securities and Exchange Commission, identifies Michele O’Connor, the company’s Chief Accounting Officer, as the seller.
According to the Form 4 submitted to regulators, O’Connor sold 10,000 shares of Class A common stock on June 9 at a price of $69.14 per share. The filing, which was entered on June 10, notes that following the transaction she directly holds 81,890.50 shares. The paperwork also states the trade was carried out through a pre-arranged trading plan - a detail the filing explicitly records.
The disclosure of the transaction coincided with downward pressure on ServiceTitan’s shares. Market participants reacted to the regulatory notification and the stock declined by 3.8% on the same trading day. The company is headquartered in Glendale, California, and offers software solutions aimed at the trades industry.
The Form 4 filing is the central public record referenced in the market move. It provides the specifics of the share count sold, the per-share price, the date of the sale and the residual holdings of the officer named. The filing’s notation that the sale was executed pursuant to a pre-arranged trading plan is included in the regulatory record.
This sequence of events - the filing, the sale details it contains, and the share-price response - are the factual elements disclosed publicly. The reported sale and the subsequent price reaction were the proximate items of information available in the regulatory filing and market data referenced here.
Investors and observers reviewing the regulatory filing will find the precise figures and dates recorded on the Form 4: 10,000 shares sold on June 9 at $69.14 per share, filing entered June 10, and 81,890.50 shares held directly after the transaction. Together these items form the factual basis for the share-price movement reported on Thursday.
Contextual note - The company offers software services for trades industry customers from its headquarters in Glendale, California. The regulatory filing and the market response to its disclosure are the publicly available facts forming the basis of this report.