Major VC Firm Bessemer Reduces ServiceTitan Stake in Series of Stock Sales
Rhea-AI Filing Summary
ServiceTitan has reported a Form 144/A filing indicating proposed sales of securities by major stockholder Bessemer Venture Partners VIII L.P., a 10% stakeholder. The filing details the planned sale of 5,559 shares of Class A Common stock with an aggregate market value of $588,920.46 through Merrill Lynch, scheduled for June 25, 2025 on the Nasdaq exchange.
Recent trading activity shows significant sales by related entities in the past 3 months:
- Bessemer Venture Partners VIII L.P.: 221,596 shares ($22.6M)
- Bessemer Venture Partners VIII Institutional L.P.: 266,502 shares ($27.2M)
- 15 Angels II LLC: 11,902 shares ($1.2M)
The securities were originally acquired through private purchase from the company on March 20, 2015. The total outstanding shares are 77,266,756. The seller has certified no knowledge of undisclosed material adverse information regarding ServiceTitan's operations.
Positive
- None.
Negative
- Major shareholder Bessemer Venture Partners and related entities sold approximately 500,000 shares worth over $51 million in the past 3 months, indicating significant insider selling pressure