Form 4: Bessemer Funds Reduce ServiceTitan Stake

Bessemer Venture Partners, a 10% owner and represented by Director Byron B. Deeter, sold over 194,000 shares of ServiceTitan Class A Common Stock in December 2025.

Summary

• Byron B. Deeter, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), reported transactions by Bessemer Venture Partners funds.
• On December 19, 2025, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC (collectively, the "Bessemer Funds") sold a total of 111,899 shares of Class A Common Stock.
• These shares were sold at a weighted average price of $109.12, with prices ranging from $108.50 to $109.95.
• On December 22, 2025, the Bessemer Funds sold an additional 82,785 shares of Class A Common Stock.
• These shares were sold at a weighted average price of $109.82, with prices ranging from $108.54 to $110.53.
• The total number of shares sold across both dates was 194,684.
• Following these sales, the Bessemer Funds and Cloud All Star Fund, L.P. collectively own 6,009,357 shares of Class A Common Stock.
• Byron B. Deeter disclaims beneficial ownership of these securities except to the extent of his pecuniary interest as a partner at Bessemer Venture Partners.

Sentiment

Score: 3

Explanation: The sentiment is negative due to significant insider selling by a director and 10% owner, which can signal reduced confidence or a belief that the stock is fully valued.

Negatives

• A Director and 10% owner, through affiliated funds, significantly reduced their stake in ServiceTitan, Inc. by selling 194,684 shares.
• Insider selling, particularly by a substantial shareholder and board member, can be perceived as a negative signal regarding future company prospects or valuation.

Future Outlook

NA

Industry Context

This Form 4 filing reports an insider transaction and does not provide broader industry context or trends. The sale by a venture capital firm, even a 10% owner, is a common part of their investment lifecycle, but the timing and scale can be noteworthy.

Stakeholder Impact

• Shareholders may view the significant insider selling by a director and 10% owner as a negative signal, potentially impacting investor confidence and the company's stock price.
• The sale could lead to questions about the long-term commitment of key institutional investors.

Key Dates

Recommendation

While significant insider selling by a director and 10% owner is a negative signal, it does not necessarily indicate a fundamental deterioration of the company. It could be for diversification or portfolio rebalancing by the venture funds. Investors should hold and monitor future developments, including company performance and further insider activity, before making a definitive buy or sell decision.

Keywords

ServiceTitan, TTAN, Bessemer Venture Partners, Insider Sale, Form 4, Stock Transaction, Director, 10% Owner