Form 4: ServiceTitan Director's Affiliates Sell Shares

Entities affiliated with ServiceTitan Director Byron B. Deeter sold over 222,000 shares of Class A Common Stock in early December 2025.

Summary

• Byron B. Deeter, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), reported sales of Class A Common Stock by affiliated entities.
• On December 8, 2025, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst"), and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold a total of 169,004 shares.
• These shares were sold at a weighted average price of $107.72, with individual transactions ranging from $105.00 to $110.20.
• On December 9, 2025, the same Bessemer Funds sold an additional 53,270 shares.
• These shares were sold at a weighted average price of $109.17, with individual transactions ranging from $108.50 to $109.74.
• The total number of shares sold across both dates by the Bessemer Funds was 222,274.
• Following these transactions, BVP VIII owns 2,669,673 shares, BVP VIII Inst owns 3,210,670 shares, 15 Angels owns 143,395 shares, and Cloud All Star Fund, L.P. ("CASF") owns 189,399 shares of Class A Common Stock.
• Mr. Deeter, a partner at Bessemer Venture Partners, has an indirect, passive economic interest in the shares held by the Bessemer Funds and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: A Form 4 filing reports routine insider transactions and does not inherently convey positive or negative sentiment about the company's performance or outlook. The sales are by affiliated funds, often part of pre-arranged plans or portfolio rebalancing.

Related Party Transactions

• Sales of Class A Common Stock were conducted by Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC, which are entities affiliated with Director and 10% Owner Byron B. Deeter.

Stakeholder Impact

• Shareholders may interpret insider sales as a signal, potentially influencing short-term market perception, although these transactions are often part of routine portfolio management for venture capital funds.

Key Dates

Keywords

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