Iconiq Strategic Partners V, L.P., a 10%-or-greater owner of $TTAN (ServiceTitan, Inc.), sold 53,295 shares of the cloud-software company on June 23, 2026, at a price of $63.42 per share, for total proceeds of approximately $3.38 million. The Form 4 disclosing the transaction was filed with the SEC on June 24, one day after the trade date.
The June 23 activity extended beyond that single line item. On the same day, Iconiq Strategic Partners V also sold 39,739 shares at the same $63.42 price, generating an additional $2.52 million, and disposed of a combined 1,381 shares across two transactions priced near $64.18 per share for roughly $88,600 more. Taken together, the four June 23 transactions brought total proceeds for that day to approximately $5.99 million. The prior day, June 22, the entity recorded two additional sales totaling 200 shares at $63.01 per share, adding roughly $12,600. After the June 23 disposals, Iconiq Strategic Partners V's reported position in ServiceTitan stood at 595,196 shares across the filing's largest transaction.
This is not the first significant block of $TTAN shares the entity has reduced. In July 2025, Iconiq Strategic Partners V filed a cluster of six sale transactions dated July 9, 2025, covering a combined 90,917 shares at prices ranging from approximately $108.05 to $110.26 per share. That cluster produced total proceeds of roughly $9.99 million — a considerably larger dollar amount than the current round, though executed at higher per-share prices.
Other insiders at ServiceTitan have also recorded sales in the company's stock in recent months. Chief Accounting Officer Michele O'Connor sold 10,000 shares on June 9, 2026, at $69.14 per share for proceeds of $691,400, and sold 5,000 shares on April 9, 2026, at $58.93 per share for $294,650. CEO Ara Mahdessian and President Vahe Kuzoyan each recorded smaller open-market sales in March 2026 at prices near $69.86.
ServiceTitan, which operates in the technology sector, carried a market capitalization of approximately $6.13 billion at the time of the filing. The company serves field-service management businesses and trades on the Nasdaq under the ticker $TTAN.