Byron Deeter of ServiceTitan (TTAN) granted 3,046 RSUs in director award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deeter Byron B reported acquisition or exercise transactions in this Form 4 filing.
ServiceTitan, Inc. director and greater-than-10% owner Byron B. Deeter reported an equity compensation grant. He received an award of 3,046 restricted stock units (RSUs) of Class A Common Stock at no cash cost under the non-employee director compensation program. These RSUs vest in full on September 15, 2027, conditioned on his continued board service, with each RSU delivering one share upon vesting. His direct holdings after this award total 22,627 shares of Class A Common Stock, including a prior grant of 1,891 RSUs vesting on September 15, 2026. Deeter has agreed to assign to Deer Management Co. LLC the right to any RSUs or Class A shares from these grants, or proceeds from their sale. Footnotes also describe large Class A positions held by Bessemer-related funds, where he has only an indirect, passive economic interest and disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deeter Byron B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,046 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,627 shares (Direct, null);
Class A Common Stock — 0 shares (Indirect, See footnotes)
Footnotes (1)
- Represents an award of 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. 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 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. 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"), own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively. 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.
Key Figures
New RSU grant: 3,046 RSUs
Direct holdings after grant: 22,627 shares
Prior RSU award: 1,891 RSUs
+3 more
6 metrics
New RSU grant
3,046 RSUs
Non-employee director award vesting September 15, 2027
Direct holdings after grant
22,627 shares
Class A Common Stock following RSU award
Prior RSU award
1,891 RSUs
Director compensation award vesting September 15, 2026
BVP VIII holdings
2,369,286 shares
Class A Common Stock held by Bessemer Venture Partners VIII L.P.
BVP VIII Inst holdings
2,849,411 shares
Class A Common Stock held by Bessemer Venture Partners VIII Institutional L.P.
15 Angels holdings
127,260 shares
Class A Common Stock held by 15 Angels II LLC
Key Terms
restricted stock units ("RSUs"), non-employee director compensation program, pecuniary interest, beneficial ownership, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
non-employee director compensation program financial
"RSUs granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2027."
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did ServiceTitan (TTAN) director Byron Deeter report in this Form 4?
Byron Deeter reported receiving a grant of 3,046 restricted stock units of ServiceTitan Class A Common Stock as non-employee director compensation. The grant is equity-based, carries no cash exercise price, and increases his directly reported holdings to 22,627 shares following the award.
When do Byron Deeter’s new ServiceTitan RSUs vest and what do they deliver?
The 3,046 ServiceTitan RSUs granted to Byron Deeter vest in full on September 15, 2027, subject to his continued board service. Each vested RSU converts into one share of ServiceTitan Class A Common Stock, providing equity ownership rather than cash upon settlement.
What is the significance of Deer Management Co. LLC in Byron Deeter’s RSU grants?
Byron Deeter has agreed to assign to Deer Management Co. LLC the right to any RSUs or Class A shares issued from these ServiceTitan grants, as well as any sale proceeds. This means economic benefits from the awards are directed to that entity rather than held personally.
Are Byron Deeter’s new ServiceTitan RSUs part of a cash purchase or open-market trade?
No, the filing classifies the 3,046 units as a grant or award with a price per share of $0.00. This indicates compensation-based equity, not an open-market purchase or sale, and there are no reported cash proceeds or cash outlays tied to the transaction.