Form 4: ServiceTitan Director's Funds Sell 28,245 Shares

Byron B. Deeter, a Director and 10% owner of ServiceTitan, Inc., reported the sale of 28,245 Class A Common Stock shares by affiliated Bessemer Venture Partners funds.

Summary

• Byron B. Deeter, a Director and 10% Owner of ServiceTitan, Inc. (TTAN), reported changes in beneficial ownership.
• On September 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 28,245 shares of ServiceTitan Class A Common Stock.
• The sales consisted of 12,518 shares by BVP VIII, 15,055 shares by BVP VIII Inst, and 672 shares by 15 Angels.
• Byron Deeter is a partner at Bessemer Venture Partners and holds an indirect, passive economic interest in the shares held by the Bessemer Funds, disclaiming beneficial ownership except to the extent of his pecuniary interest.
• Following these transactions, the Bessemer Funds' direct beneficial ownership of the reported Class A Common Stock is 0 shares.
• Byron Deeter also holds an indirect beneficial ownership of 1,891 shares of Class A Common Stock, which were received from equity grants and have been assigned to Deer Management Co, LLC.

Sentiment

Score: 4

Explanation: The filing reports a significant sale of shares by funds affiliated with a director and 10% owner. While a routine disclosure, insider sales can be interpreted as a slightly negative signal regarding insider confidence in the company's near-term prospects.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sale of 28,245 Class A Common Stock shares by Bessemer Funds, in which Director Byron B. Deeter holds an indirect, passive economic interest.

Stakeholder Impact

• Shareholders: The sale by affiliated funds of a director and 10% owner could be perceived as a negative signal regarding insider confidence, potentially influencing investor sentiment and share price.

Key Dates

Recommendation

While the filing reports a sale of shares by funds affiliated with a director and 10% owner, this is a routine insider transaction disclosure. Without additional context on the reasons for the sale or broader company performance, a single Form 4 transaction does not typically warrant a change from a 'hold' position. Investors should monitor future insider activity and company fundamentals.

Keywords

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