Form 4: Bessemer Venture Partners Divests Over 68,000 ServiceTitan Shares

Bessemer Venture Partners, a significant 10% owner and director of ServiceTitan, Inc., reported the sale of 68,544 shares of Class A Common Stock across multiple transactions in early July 2025.

Summary

• Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC (collectively, the "Bessemer Funds"), which are 10% owners and have director representation at ServiceTitan, Inc. (TTAN), reported sales of Class A Common Stock.
• On July 2, 2025, the Bessemer Funds sold a total of 10,411 shares of Class A Common Stock at a weighted average price of $110.596 per share, with prices ranging from $110.50 to $110.62.
• On July 3, 2025, the Bessemer Funds conducted further sales, disposing of a total of 58,133 shares of Class A Common Stock across two reported transactions.
• The first set of sales on July 3, 2025, involved 33,651 shares at a weighted average price of $110.751 per share, with prices ranging from $110.09 to $110.999.
• The second set of sales on July 3, 2025, involved 24,482 shares at a weighted average price of $111.35 per share, with prices ranging from $111.00 to $111.68.
• Following these transactions, the Bessemer Funds and Cloud All Star Fund, L.P. (CASF), which is beneficially owned by affiliates of the Bessemer Funds, collectively hold 8,072,207 shares of ServiceTitan Class A Common Stock.
• Specifically, after the sales, BVP VIII holds 3,576,445 shares, BVP VIII Inst holds 4,301,192 shares, 15 Angels holds 192,100 shares, and CASF holds 2,470 shares.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a major institutional investor and director could be perceived as a negative signal regarding future stock performance or valuation, though it does not indicate a catastrophic event.

Negatives

• A significant sale of shares by a major institutional investor and director, such as Bessemer Venture Partners, can be interpreted by the market as a negative signal, potentially indicating a belief that the stock is fully valued or that future growth prospects are limited.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may perceive the insider selling as a negative indicator, potentially leading to a decrease in investor confidence or downward pressure on the stock price.

Key Dates

Recommendation

Keywords

ServiceTitan, TTAN, Bessemer Venture Partners, Insider Trading, Form 4, Stock Sale, Beneficial Ownership, Class A Common Stock