Form 4: ServiceTitan Director's Affiliated Funds Sell Shares

Funds associated with ServiceTitan Director Byron B. Deeter sold over 711,000 shares of Class A Common Stock in early September 2025.

Summary

• Byron B. Deeter, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), reported transactions by affiliated Bessemer Funds.
• On September 8, 2025, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC sold a combined 370,557 shares of Class A Common Stock.
• On September 9, 2025, the same Bessemer Funds sold an additional combined 340,633 shares of Class A Common Stock.
• The total number of shares of Class A Common Stock sold by the Bessemer Funds across these two days was 711,190.
• Mr. Deeter is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Mr. Deeter directly holds 1,891 shares of Class A Common Stock received from equity grants, which he has agreed to assign to Deer Management Co, LLC.

Sentiment

Score: 5

Explanation: This Form 4 reports insider-affiliated fund sales, which is a neutral disclosure of a transaction, not an assessment of company performance or future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a standard disclosure of insider-affiliated transactions and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: May interpret the sales by affiliated funds as a signal, potentially influencing sentiment or stock price.

Key Dates

Keywords

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