[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan (NYSE:TTAN) Form 4 discloses that Bessemer Venture Partners-affiliated entities, a 10% owner, sold an aggregate 137,543 Class A shares on 25–26 Jun 2025 at weighted-average prices of $105.43–$106.20, realizing roughly $14.6 million in proceeds. The sales reduce their beneficial holding to 8,366,028 shares, a ≈1.6% decrease, yet the group remains a major shareholder.

Sales were open-market dispositions (code “S”) executed in multiple tranches within narrow price ranges; no Rule 10b5-1 plan was indicated. No derivative transactions or other material corporate changes were reported.

Positive

• None.

Negative

• 10% owner Bessemer Venture Partners sold 137,543 Class A shares for approximately $14.6 million, reducing its stake by about 1.6%.

Insights

Insider Trading Analyst

TL;DR: $14.6 m sale by 10% owner—material dollar size but small %; mildly negative sentiment.

The Form 4 shows Bessemer funds trimming their TTAN stake by 137,543 shares across two days, raising approximately $14.6 million. While the sale is large in cash terms, it represents only about 1.6% of their position, suggesting portfolio rebalancing rather than a wholesale exit. Still, open-market sales without a 10b5-1 plan can be interpreted as discretionary profit-taking, potentially signaling limited near-term upside. The funds retain over 8.36 million shares, keeping their strategic interests aligned with shareholders, but persistent selling pressure from a large holder could weigh on trading dynamics.

Corporate Governance Specialist

TL;DR: Insider remains >10% holder; governance risk low despite sale.

Bessemer continues to control a substantial block post-sale, so governance influence is unchanged. The incremental reduction aligns with typical venture fund liquidity cycles after lock-up periods. Absence of derivative hedging suggests straightforward cash realization rather than complex risk-off positioning. Given the modest 1.6% dilution of its stake and no accompanying board resignation or strategic shift, I view corporate governance impact as minimal; however, investors should monitor further filings to gauge whether this marks the start of a systematic exit.

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)
06/25/2025

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	06/25/2025		S		12,543(1)	D	$105.43(1)	8,491,028(2)	I	See footnote(3)
Class A Common Stock	06/26/2025		S		60,631(4)	D	$105.51(5)	8,430,397	I	See footnote(3)
Class A Common Stock	06/26/2025		S		64,369(4)	D	$106.2(6)	8,366,028(7)	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 June 25, 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 5,559 shares, 6,685 shares and 299 shares of Class A Common Stock of the Issuer, respectively, at a weighted average price of $105.43. These shares were sold in multiple transactions at prices ranging from $105.02 to $105.59. 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.

2. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,762,067 shares, 4,524,424 shares, 202,067 shares and 2,470 shares of Class A Common Stock, respectively.

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. On June 26, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 55,400 shares, 66,625 shares and 2,975 shares of Class A Common Stock of the Issuer, respectively.

5. These shares were sold at a weighted average price of $105.51. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.99. 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.

6. These shares were sold at a weighted average price of $106.20. These shares were sold in multiple transactions at prices ranging from $106.00 to $106.59. 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. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,706,667 shares, 4,457,799 shares, 199,092 shares and 2,470 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.	06/27/2025
	/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.	06/27/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	06/27/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	06/27/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	06/27/2025
	/s/ John Ailanjian, Managing Member & Authorized Signatory of Cloud All Star Fund GP, LLC, the General Partner of Cloud All Start Fund, L.P.	06/27/2025
	** Signature of Reporting Person	Date
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FAQ

How many ServiceTitan (TTAN) shares did Bessemer sell according to the June 2025 Form 4?

The filing reports aggregate sales of 137,543 Class A shares on 25–26 June 2025.

At what prices were the TTAN insider shares sold?

Weighted-average prices were $105.43 on 25 Jun and $105.51–$106.20 on 26 Jun 2025.

What is Bessemer's remaining ownership in TTAN after the transactions?

The Bessemer funds now beneficially own 8,366,028 Class A shares.

Did the TTAN insider sales occur under a Rule 10b5-1 trading plan?

No. The Form 4 does not indicate that the transactions were executed under a Rule 10b5-1 plan.

What percentage of Bessemer's stake was sold in these TTAN transactions?

The 137,543 shares sold represent roughly 1.6% of the group’s prior holdings, leaving it still above the 10% ownership threshold.