Bessemer funds sell ServiceTitan (NASDAQ: TTAN) shares in mid-July trades
Rhea-AI Filing Summary
ServiceTitan, Inc. director and more-than-10% owner Byron B. Deeter reported that Bessemer Venture Partners funds associated with him sold Class A Common Stock in mid-July 2026. On July 16, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P. and 15 Angels II LLC sold 35,592, 42,805 and 1,912 shares, respectively, at a weighted average price of $78.46, in trades between $78.00 and $79.00. On July 17, they sold 35,320, 42,475 and 1,896 shares, respectively, at a weighted average price of $76.06, in trades between $75.69 and $76.53.
Deeter is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in these fund holdings, and disclaims beneficial ownership except to the extent of any pecuniary interest. Separately, he holds 4,937 shares/RSUs from non-employee director awards, including 3,046 RSUs vesting on September 15, 2027 and 1,891 vesting on September 15, 2026, and has agreed to assign the economic benefits of these grants to Deer Management Co. LLC.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F3, F2, F7 | 0 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F7 | 0 | $0.00 | $0.00 |
| holding | Class A Common Stock F4, F5, F6 | -- | -- | -- |
Footnotes (7)
- F1. On July 16, 2026, 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 35,592 shares, 42,805 shares and 1,912 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $78.46. These shares were sold in multiple transactions at prices ranging from $78.00 to $79.00. 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.
- F2. The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VIII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
- F3. On July 17, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 35,320 shares, 42,475 shares and 1,896 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $76.06. These shares were sold in multiple transactions at prices ranging from $75.69 to $76.53. 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.
- F4. Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2027, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F5. Includes an award of 1,891 RSUs granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock
- F6. The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any RSUs or Class A Common Stock issuable pursuant to these grants or any proceeds from the sale thereof.
- F7. After the July 14 and July 15 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,677,947 shares, 2,017,965 shares, and 90,045 shares of Class A Common Stock, respectively.
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Key Terms
weighted average price financial
restricted stock units financial
pecuniary interest financial
beneficial ownership financial
non-employee director compensation program financial
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