ServiceTitan (TTAN): Bessemer affiliates report September sales totaling 28,245 shares

Rhea-AI Filing Summary

Bessemer-related holders disclosed sales of ServiceTitan (TTAN) Class A common stock on 09/19/2025. The filing shows Bessemer Venture Partners VIII L.P. sold 12,518 shares at a weighted average price of $117.31; Bessemer Venture Partners VIII Institutional L.P. sold 15,055 shares at a weighted average price of $118.69; and 15 Angels II LLC sold 672 shares at a weighted average price of $119.44. After these transactions, the reports state BVP VIII holds 3,128,739 shares, BVP VIII Inst holds 3,830,146 shares, 15 Angels holds 171,926 shares, and Cloud All Star Fund, L.P. holds 189,399 shares. The filing identifies Deer VIII & Co. Ltd. directors as holding voting and dispositive power for the Bessemer Funds and is signed by Scott Ring on 09/23/2025.

Positive

• Transparent disclosure of insider sales with weighted average prices and price ranges provided
• Significant retained stakes remain after sales: BVP VIII 3,128,739; BVP VIII Inst 3,830,146; CASF 189,399 shares

Negative

• Material holder sales occurred on 09/19/2025 totaling 28,245 shares across Bessemer entities, which reduces their aggregate economic exposure
• Concentrated voting power resides with Deer VIII Ltd. directors, which may be relevant to governance given large indirect holdings

Insights

Financial Analyst

TL;DR: Major affiliated holders sold small blocks of TTAN shares at ~$117–$119, leaving multi‑million share stakes intact.

The reported sales (12,518; 15,055; 672 shares) are modest relative to the remaining holdings (3.13M; 3.83M; 171.9K shares respectively), so the transactions are unlikely to materially change control or capital structure. Prices ranged from $117.00 to $119.51 across multiple trades, with weighted averages disclosed for each seller. This Form 4 provides clear disclosure of secondary-market sales by long‑standing venture holders and identifies the indirect ownership and voting relationships through Deer VIII entities.

Corporate Governance Expert

TL;DR: Affiliated Bessemer entities executed disclosed sales while retaining centralized voting control through Deer VIII directors.

The filing highlights that voting and dispositive power for the Bessemer Funds is exercised by directors of Deer VIII Ltd., which remains materially relevant for governance matters given the multi‑million share holdings reported post‑sale. Although the sold quantities are small relative to total holdings, the disclosure underscores concentrated indirect ownership and the role of the identified directors in investment decisions. Signatures and footnotes clearly map the ownership chain.

Insider Trade Summary

Net Seller: 28,245 shares ($3,338,944)

Net Sell 3 txns

Insider Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., 15 Angels II LLC, Deer VIII & Co. Ltd., Deer VIII & Co. L.P.

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 28,245 shs ($3.34M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	13,917	$117.31	$1.63M
Sale	Class A Common Stock	6,661	$118.69	$791K
Sale	Class A Common Stock	7,667	$119.44	$916K

Holdings After Transaction: Class A Common Stock — 17,145,378 shares (Indirect, See footnote)

Footnotes (1)

1. On September 19, 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 12,518 shares, 15,055 shares and 672 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $117.31. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.74. 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. 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. These shares were sold at a weighted average price of $118.69. These shares were sold in multiple transactions at prices ranging from $118.10 to $119.07. 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. These shares were sold at a weighted average price of $119.44. These shares were sold in multiple transactions at prices ranging from $119.09 to $119.51. 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. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,128,739 shares, 3,830,146 shares, 171,926 shares and 189,399 shares of Class A Common Stock, respectively.

Form 4 Insider Transactions: What Each Field Means →

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)
09/19/2025

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	09/19/2025		S		13,917(1)	D	$117.31(2)	17,145,378	I	See footnote(3)
Class A Common Stock	09/19/2025		S		6,661(1)	D	$118.69(4)	7,138,717	I	See footnote(3)
Class A Common Stock	09/19/2025		S		7,667(1)	D	$119.44(5)	7,131,050(6)	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^*

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 19, 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 12,518 shares, 15,055 shares and 672 shares of Class A Common Stock of the Issuer, respectively.

2. These shares were sold at a weighted average price of $117.31. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.74. 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 $118.69. These shares were sold in multiple transactions at prices ranging from $118.10 to $119.07. 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 $119.44. These shares were sold in multiple transactions at prices ranging from $119.09 to $119.51. 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. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,128,739 shares, 3,830,146 shares, 171,926 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.	09/23/2025
	/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.	09/23/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	09/23/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	09/23/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What shares of TTAN were sold by Bessemer entities on 09/19/2025?

Bessemer Venture Partners VIII L.P. sold 12,518 shares, Bessemer Venture Partners VIII Institutional L.P. sold 15,055 shares, and 15 Angels II LLC sold 672 shares.

At what prices were the TTAN shares sold?

The filing reports weighted average prices of $117.31, $118.69, and $119.44 for the respective sellers with transaction ranges from $117.00 to $119.51.

How many TTAN shares do the reporting Bessemer entities hold after the sales?

BVP VIII: 3,128,739 shares; BVP VIII Inst: 3,830,146 shares; 15 Angels: 171,926 shares; CASF: 189,399 shares.

Who has voting and dispositive power over the Bessemer funds' TTAN holdings?

Voting and dispositive power is held by the directors of Deer VIII & Co. Ltd., who act as an investment committee for the Bessemer Funds.

When was the Form 4 signed?

The Form 4 signatures are dated 09/23/2025, signed by Scott Ring in various authorized capacities.