Form 4: ServiceTitan Director Reports Bessemer Funds Stock Sale

Director Byron B. Deeter reports the sale of Class A Common Stock by Bessemer Venture Partners funds.

Summary

• Reporting person Byron B. Deeter, a director at ServiceTitan, disclosed transactions involving Bessemer Venture Partners funds.
• Bessemer Funds sold a total of 12,477 shares of Class A Common Stock on June 15, 2026.
• The shares were sold at a weighted average price of $70.54 per share, with individual transaction prices ranging from $70.50 to $71.03.
• Following the sales, the Bessemer Funds retain significant holdings: 2,369,286 shares (BVP VIII), 2,849,411 shares (BVP VIII Inst), and 127,260 shares (15 Angels).
• Byron B. Deeter holds 19,581 shares of Class A Common Stock directly, including 1,891 restricted stock units (RSUs) vesting on September 15, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; it is a routine disclosure of insider stock sales by a venture capital firm, which is typical for post-IPO companies.

Positives

• The director maintains a significant indirect economic interest in the company through the remaining holdings of the Bessemer Funds.
• The reporting person continues to hold 19,581 shares directly, demonstrating ongoing alignment with the company.

Negatives

• The filing reports a divestment of 12,477 shares by entities associated with a company director.

Risks

• Future sales by major institutional shareholders or directors could exert downward pressure on the stock price.
• Vesting of RSUs is contingent upon the director's continued service on the board.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing instead on historical insider transaction reporting.

Industry Context

StockSavvy.ai notes that insider sales by venture capital firms are common as funds reach the end of their investment cycles or perform periodic rebalancing, and do not necessarily reflect a lack of confidence in the issuer's long-term prospects.

Comparison to Industry Standards

• The transaction follows standard SEC reporting requirements for Section 16 insiders.
• The sale of shares by venture capital firms after a company reaches public status is a standard liquidity event.

Related Party Transactions

• The reporting person is a partner at Bessemer Venture Partners and has an indirect economic interest in the Bessemer Funds that sold the shares.

Stakeholder Impact

• Shareholders should note the reduction in holdings by a major institutional investor, though the remaining stake remains substantial.

Next Steps

• Vesting of 1,891 RSUs on September 15, 2026.

Key Dates

Keywords

ServiceTitan, TTAN, Insider Trading, Bessemer Venture Partners, Form 4, Director Stock Sale