[144] ServiceTitan, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 highlights for ServiceTitan, Inc. (Ticker: TTAN) reveal that venture-capital affiliate Bessemer Venture Partners VIII L.P., a 10 % beneficial owner, has filed to sell up to 55,400 Class A common shares through Merrill Lynch on or about 26 June 2025. At the filing’s quoted price, the block is valued at $588,920.46, representing roughly 0.96 % of the 5.77 million Class A shares outstanding.

The filing also discloses sizeable recent insider dispositions over the last three months:

• 221,596 shares sold for $22.60 million (10 June 2025) by BVP VIII L.P.
• 266,502 shares sold for $27.18 million (10 June 2025) by BVP VIII Institutional L.P.
• 11,902 shares sold for $1.21 million (10 June 2025) by 15 Angels II LLC.
• 5,559 shares sold for $0.59 million (25 June 2025) by BVP VIII L.P.
• 6,685 shares sold for $0.70 million (25 June 2025) by BVP VIII Institutional L.P.
• 299 shares sold for $0.03 million (25 June 2025) by 15 Angels II LLC.

The cumulative disclosed disposals total 512,443 shares for gross proceeds of approximately $52.79 million during June 2025 alone, indicating an ongoing liquidity programme by Bessemer-affiliated funds. All shares were originally acquired via a private purchase on 20 March 2015 and paid for in cash.

No material adverse information was asserted by the filer, and the signatory (Augie Wilkinson) affirmed compliance with Rule 10b5-1. Nevertheless, the planned sale contributes to potential supply overhang and may influence near-term share-price dynamics.

Positive

• None.

Negative

• 10 % shareholder Bessemer Venture Partners VIII L.P. files to sell 55,400 additional shares, adding to prior June sales of 512,443 shares worth $52.8 million, creating potential supply overhang.
• Cumulative insider sales represent about 8.9 % of Class A shares outstanding in a single month, which could pressure TTAN’s share price and signal reduced long-term commitment.

Insights

Financial Analyst

TL;DR: Large VC holder continues significant liquidations; potential overhang—moderately negative for TTAN.

ServiceTitan’s 10 % owner Bessemer Venture Partners has disposed of over half a million shares in June 2025 and has now filed to sell a further 55 k shares. While the block is <1 % of the public float, cumulative June sales exceed $52 million, signalling determined exit activity. Such sustained insider selling often pressures valuation multiples and can dampen investor sentiment, particularly in mid-cap growth names where float is limited. The sale appears orderly via Merrill Lynch and is disclosed under Form 144, so no immediate contravention of insider rules is implied, but investors should note the supply-demand imbalance that may arise.

Corporate Governance Expert

TL;DR: Governance neutral, but VC divestiture weakens signalling of long-term commitment.

Bessemer’s planned and recent sales are fully compliant through Rule 144 notice, indicating procedural governance integrity. However, when a controlling or 10 % holder systematically trims its stake soon after lock-up expiry periods, minority holders often question long-term strategic alignment. The aggregate 512 k shares sold in June equate to roughly 8.9 % of Class A shares outstanding, a meaningful dilution of insider skin-in-the-game. Governance frameworks remain intact, yet the optics may be interpreted negatively by the investing community.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001508900
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ServiceTitan, Inc.
SEC File Number	001-42434
Address of Issuer	800 N. BRAND BLVD. SUITE 100 GLENDALE CALIFORNIA 91203
Phone	855-899-0970
Name of Person for Whose Account the Securities are To Be Sold	Bessemer Venture Partners VIII L.P.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Merrill Lynch, Pierce, Fenner & Smith Incorporated 555 California Street, 18th Floor San Francisco CA 94104	55400	588920.46	5770464	06/26/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	03/20/2015	Private purchase	Company			55400	03/20/2015	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Bessemer Venture Partners VIII L.P. 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/10/2025	221596	22602792.00
Bessemer Venture Partners VIII Institutional L.P. 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/10/2025	266502	27183204.00
15 Angels II LLC 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/10/2025	11902	1214004.00
Bessemer Venture Partners VIII L.P. 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/25/2025	5559	586085.37
Bessemer Venture Partners VIII Institutional L.P. 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/25/2025	6685	704799.55
15 Angels II LLC 1865 PALMER AVE STE 104 LARCHMONT NY 10538	Class A Common	06/25/2025	299	31523.57

144: Remarks and Signature

Remarks
Date of Notice	06/26/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Augie Wilkinson
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many ServiceTitan (TTAN) shares does Bessemer plan to sell under the latest Form 144?

The notice covers 55,400 Class A common shares valued at $588,920.46.

When is the approximate sale date for the 55,400 TTAN shares?

The filer lists an approximate sale date of 26 June 2025.

How many TTAN shares has Bessemer already sold in June 2025?

Form 144 shows 512,443 shares sold on 10 June and 25 June 2025 for gross proceeds of about $52.79 million.

What percentage of TTAN’s outstanding Class A shares does the new 55,400-share block represent?

Roughly 0.96 % of the 5.77 million Class A shares outstanding.

Who is the broker executing the trade for the planned sale?

The shares will be sold through Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Did the filer claim knowledge of any undisclosed adverse information?

No. The signatory certified that no material non-public adverse information is known.