[144] ServiceTitan, Inc. SEC Filing
ServiceTitan has reported a Form 144 filing indicating a proposed sale of securities by Bessemer Venture Partners VIII L.P., a 10% stockholder. The filing details the planned sale of 52,353 shares of Class A Common stock through Merrill Lynch, with an aggregate market value of $5,578,735.68.
The securities were originally acquired through a private purchase from the company on March 20, 2015. Recent trading activity shows significant sales by Bessemer-affiliated entities over the past month:
- June 10, 2025: Combined sale of 500,000 shares for approximately $51 million
- June 25, 2025: Combined sale of 12,543 shares for about $1.32 million
- June 26, 2025: Combined sale of 125,000 shares for approximately $13.23 million
The proposed sale represents less than 1% of the total 5,770,464 shares outstanding and is scheduled for execution on the NASDAQ on June 27, 2025. The seller has certified no knowledge of undisclosed material adverse information regarding ServiceTitan's operations.
- None.
- Significant insider selling: Bessemer Venture Partners and related entities sold approximately 690,000 shares worth over $65 million in the past month, indicating potential reduced confidence from a major shareholder
- The selling shareholder (Bessemer) is a 10% holder showing consistent selling pattern with three separate sale transactions in June 2025, suggesting a systematic reduction in position