The President's sales are mechanically tied to derivative conversions and do not signal a bearish view. Monitor for any insider buying in the next 30 days, which would be a stronger signal.
Price Chart
Executive Summary
ServiceTitan's President Vahe Kuzoyan sold ~$11.4M in open-market stock over two days (Aug 11-12), following a $292K sale by CEO Ara Mahdessian on Aug 4. The President's sales were part of a pre-arranged derivative conversion and sell program, with 100% of the converted shares sold immediately. While the dollar amount is large in absolute terms, it represents only ~0.13% of TTAN's $8.8B market cap, falling at the low end of the 'modest' proportionality band. The CEO's smaller sale is routine. The cluster is a sell but lacks the informational signal of a buy cluster per academic literature, and the President's sales appear mechanically tied to option exercises rather than a discretionary bearish view.
Key Financial Metrics
Key Facts
- President Vahe Kuzoyan sold ~$11.4M in open-market stock on Aug 11-12, all tied to conversion of 131,120 derivative shares at $0 cost basis
- CEO Ara Mahdessian sold $292K on Aug 4, a routine transaction
- Total cluster open-market sales of ~$11.7M represent ~0.13% of TTAN's $8.8B market cap
- All of Kuzoyan's sales were at $88.84-$88.95, near the current stock price
- No insider buying in the cluster; net direction is selling
Financial Impact
~$11.7M in insider open-market sales, 0.13% of market cap
Risk Factors
- Continued insider selling pattern could weigh on sentiment if it escalates above 0.5% of market cap
- Post-IPO lockup expirations (if any) could add further supply pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TTAN-1786691735834 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | Institutional Cluster | $78.26 | awaiting T+60 | — | $81.62 (+4.29%) |
Sep 23, 2026 4w ago | Insider Cluster | $59.98 | awaiting T+60 | — | $81.62 (−36.08%) |
Sep 21, 2026 5w ago | Insider Cluster | $61.56 | awaiting T+60 | — | $81.62 (−32.59%) |
Sep 17, 2026 5w ago | 144 | $55.04 | awaiting T+60 | — | $81.62 (+48.29%) |
Aug 17, 2026 10w ago | Insider Cluster | $91.11 | awaiting T+60 | — | $81.62 (−10.42%) |
Aug 13, 2026 10w ago | Insider Cluster | $90.40 | awaiting T+60 | — | $81.62 (−9.71%) |
Jul 16, 2026 14w ago | 144 | $76.00 $72.28 | ▼ −4.89% | ▼ −9.58% | $81.62 (+7.39%) |
Jul 16, 2026 14w ago | 144 / CLUSTER | $76.00 $72.28 | ▲ +4.89% | ▲ +9.58% | $81.62 (−7.39%) |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▲ +15.55% | ▲ +17.93% | $81.62 (−2.74%) |
Jul 8, 2026 15w ago | Insider Cluster | $79.44 $67.09 | ▼ −15.55% | ▼ −17.93% | $81.62 (+2.74%) |
US Market Status
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