Bessemer VC Continues ServiceTitan Share Selloff Following $51M Recent Sales
Filing Impact
Filing Sentiment
Form Type
144/A
Rhea-AI Filing Summary
ServiceTitan has reported a Form 144/A filing indicating proposed sales of securities by Bessemer Venture Partners VIII Institutional L.P., a 10% stockholder. The filing details the planned sale of 6,685 shares of Class A Common stock through Merrill Lynch, with an aggregate market value of $708,208.90.
Key transaction details:
- Securities were originally acquired on March 20, 2015 through private placement
- Current outstanding shares: 77,266,756
- Planned sale date: June 25, 2025 on Nasdaq
Recent related sales in the past 3 months by affiliated entities:
- 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)
Positive
- None.
Negative
- Major shareholder Bessemer Venture Partners and related entities sold approximately 500,000 shares worth over $50 million in the past month, with additional planned sale of 6,685 shares, indicating significant insider selling pressure
FAQ
What recent TTAN stock sales has Bessemer Venture Partners made in the past 3 months?
On June 10, 2025, Bessemer made significant sales: Bessemer Venture Partners VIII Institutional L.P. sold 266,502 shares for $27,183,204, Bessemer Venture Partners VIII L.P. sold 221,596 shares for $22,602,792, and 15 Angels II LLC sold 11,902 shares for $1,214,004.
When is Bessemer Venture Partners planning to execute their TTAN stock sale?
The filing indicates an approximate date of sale of June 25, 2025, and the shares will be sold on the Nasdaq exchange through Merrill Lynch Pierce Fenner and Smith.