[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sales by Bessemer funds reduced their holdings in ServiceTitan (TTAN) across September 8-9, 2025. Multiple affiliated Bessemer entities sold a total of 1,117,510 shares over the two days at weighted average prices ranging from $116.217 to $119.859 per share. After these dispositions, the reporting Bessemer entities (BVP VIII, BVP VIII Institutional, 15 Angels II and Cloud All Star Fund L.P.) held 3,183,734, 3,896,289, 174,882 and 189,399 Class A shares, respectively. The Form 4 lists specific tranche sizes and price ranges for each sale and describes the ownership and voting relationships among the reporting persons and related entities.

Positive

• Substantial residual ownership remains: BVP VIII and BVP VIII Institutional retain 3,183,734 and 3,896,289 Class A shares respectively after the sales
• Transparent disclosure of tranche sizes, weighted average prices, and price ranges for each set of sales

Negative

• Large coordinated sales totaling 1,117,510 Class A shares across September 8-9, 2025, which may be viewed negatively by some market participants
• Concentration of selling occurred over a short two-day period with multiple tranches at prices up to $119.859

Insights

Securities Analyst

TL;DR: Large, coordinated secondary sales by affiliated Bessemer funds reduced collective TTAN Class A holdings but left material residual stakes.

The disclosed transactions show Bessemer-affiliated entities sold a combined 1,117,510 Class A shares across two days at weighted average prices between $116.217 and $119.859. These were multiple tranche sales with specified price ranges per tranche. Post-sale holdings remain substantial (millions of shares), indicating the dispositions were partial rather than complete exits. For investors, this is a factual disclosure of liquidity events by major holders rather than a corporate operational update. The filing includes clear attribution of voting and dispositive power through the general partner and affiliated entities.

Corporate Governance Expert

TL;DR: Related-party structure and voting control are clearly described; sales were executed through affiliated funds with delegated authority.

The Form 4 provides detailed disclosure of the chain of control: Deer VIII entities and named directors exercise voting and dispositive power for the Bessemer Funds, and affiliations with CASF and 15 Angels are explained. Signatures from authorized persons are included. The filing complies with Section 16 reporting by listing each tranche, price ranges, and resulting beneficial ownership. The governance detail helps stakeholders trace which entities retain influence following the sales.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bessemer Venture Partners VIII L.P.

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ServiceTitan, Inc. [ TTAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/08/2025		S		53,809(1)	D	$116.217(2)	7,912,525	I	See footnote(3)
Class A Common Stock	09/08/2025		S		116,769(1)	D	$116.997(4)	7,795,756	I	See footnote(3)
Class A Common Stock	09/08/2025		S		74,576(1)	D	$118.193(5)	7,721,180	I	See footnote(3)
Class A Common Stock	09/08/2025		S		125,403(1)	D	$118.975(6)	7,595,777	I	See footnote(3)
Class A Common Stock	09/09/2025		S		42,469(7)	D	$117.5(8)	7,553,308	I	See footnote(3)
Class A Common Stock	09/09/2025		S		111,525(7)	D	$118.523(9)	7,441,783	I	See footnote(3)
Class A Common Stock	09/09/2025		S		185,377(7)	D	$119.423(10)	7,256,406	I	See footnote(3)
Class A Common Stock	09/09/2025		S		1,262(7)	D	$119.859(11)	7,255,144(12)	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Bessemer Venture Partners VIII L.P.

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bessemer Venture Partners VIII Institutional L.P.

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

15 Angels II LLC

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cloud All Star Fund, LP

(Last) (First) (Middle)

180 LYTTON AVENUE

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Deer VIII & Co. Ltd.

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Deer VIII & Co. L.P.

(Last) (First) (Middle)

C/O BESSEMER VENTURE PARTNERS

1865 PALMER AVENUE, SUITE 104

(Street)

LARCHMONT NY 10538

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. On September 8, 2025, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold 164,231 shares, 197,507 shares and 8,819 shares of Class A Common Stock of the Issuer, respectively.

2. These shares were sold at a weighted average price of $116.217. These shares were sold in multiple transactions at prices ranging from $115.48 to $116.477. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. Certain affiliates of the Bessemer Funds own a material interest in Cloud All Star Fund GP, LLC, the general partner of CASF, which has voting and dispositive power with respect to the shares held by CASF. 15 Angels is a subsidiary of BVP VIII Inst. Deer VIII & Co. L.P. ("Deer VIII L.P.") is the general partner of BVP VIII and BVP Inst VIII. Deer VIII & Co. Ltd. ("Deer VIII Ltd.") is the general partner of Deer VIII L.P. Byron Deeter, David Cowan, Jeremy Levine, Robert P. Goodman, Scott Ring, Sandra Grippo and Robert M. Stavis are the directors of Deer VIII Ltd. and hold voting and dispositive power for the Bessemer Funds. Investment and voting decisions with respect to the securities held by the Bessemer Funds are made by the directors of Deer VIII Ltd. acting as an investment committee.

4. These shares were sold at a weighted average price of $116.997. These shares were sold in multiple transactions at prices ranging from $116.48 to $117.474. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

5. These shares were sold at a weighted average price of $118.193. These shares were sold in multiple transactions at prices ranging from $117.485 to $118.478. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

6. These shares were sold at a weighted average price of $118.975. These shares were sold in multiple transactions at prices ranging from $118.482 to $119.43. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

7. On September 9, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 181,558 shares, 150,966 shares and 8,109 shares of Class A Common Stock of the Issuer, respectively.

8. These shares were sold at a weighted average price of $117.50. These shares were sold in multiple transactions at prices ranging from $116.876 to $117.869. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

9. These shares were sold at a weighted average price of $118.523. These shares were sold in multiple transactions at prices ranging from $117.87 to $118.869. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

10. These shares were sold at a weighted average price of $119.423. These shares were sold in multiple transactions at prices ranging from $118.87 to $119.796. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

11. These shares were sold at a weighted average price of $119.859. These shares were sold in multiple transactions at prices ranging from $119.80 to $119.99. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

12. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,183,734 shares, 3,896,289 shares, 174,882 shares and 189,399 shares of Class A Common Stock, respectively.

	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P., the General Partner of Bessemer Venture Partners VIII L.P.	09/10/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P., the General Partner of Bessemer Venture Partners VIII Institutional L.P.	09/10/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	09/10/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	09/10/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	09/10/2025
	/s/ John Ailanjian, Managing Member & Authorized Signatory of Cloud All Star Fund GP, LLC, the General Partner of Cloud All Start Fund, L.P.	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions were reported for ServiceTitan (TTAN)?

Affiliated Bessemer entities sold a combined 1,117,510 Class A shares on September 8-9, 2025 at weighted average prices between $116.217 and $119.859 per share.

How many shares do the Bessemer entities hold after the Form 4 sales?

After the reported sales, holdings are: BVP VIII 3,183,734; BVP VIII Institutional 3,896,289; 15 Angels II 174,882; Cloud All Star Fund L.P. 189,399 Class A shares.

Who signed the Form 4 for these transactions?

The Form 4 is signed by Scott Ring in multiple authorized roles and by John Ailanjian as Managing Member & Authorized Signatory for Cloud All Star Fund GP, LLC, dated 09/10/2025.

Were the sales executed at single prices or multiple price ranges?

Sales were executed in multiple transactions per tranche with specified price ranges; each tranche lists a weighted average price and the range of transaction prices.

Does the filing explain voting and dispositive control?

Yes. The filing explains that Deer VIII entities and named directors hold voting and dispositive power for the Bessemer Funds and describes affiliate relationships with CASF and 15 Angels.