Bessemer funds sell ServiceTitan (TTAN) shares at $80.50 and $79.49
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan director and 10% owner Byron B. Deeter reported sales of Class A Common Stock executed by Bessemer Venture Partners funds on July 14 and 15, 2026. Bessemer Venture Partners VIII L.P., BVP VIII Institutional L.P. and 15 Angels II LLC sold ServiceTitan shares at weighted average prices of $80.50 and $79.49. Deeter is a partner at Bessemer and has an indirect, passive economic interest in these holdings and disclaims beneficial ownership except for any pecuniary interest. He also reports 4,937 shares held directly, including RSU awards of 1,891 and 3,046 units vesting in 2026 and 2027, with rights to these RSUs or related proceeds assigned to Deer Management Co. LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Deeter Byron B
Role
Director, 10% Owner
Sold
0 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 0 | $0.00 | -- |
| Sale | Class A Common Stock | 0 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, See Footnotes);
Class A Common Stock — 4,937 shares (Direct)
Footnotes (1)
- On July 14, 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 44,319 shares, 53,300 shares and 2,381 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $80.50. These shares were sold in multiple transactions at prices ranging from $80.16 to $80.72. 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. 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. On July 15, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 44,319 shares, 53,300 shares and 2,381 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $79.49. These shares were sold in multiple transactions at prices ranging from $79.29 to $79.63. 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. 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. 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. After the July 14 and July 15 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,748,859 shares, 2,103,245 shares, and 93,853 shares of Class A Common Stock, respectively.
Key Figures
Weighted avg sale price 14 Jul 2026: $80.50 per share
Weighted avg sale price 15 Jul 2026: $79.49 per share
BVP VIII post-trade holdings: 1,748,859 shares
+5 more
8 metrics
Weighted avg sale price 14 Jul 2026
$80.50 per share
Bessemer funds’ Class A Common Stock sales on July 14, 2026
Weighted avg sale price 15 Jul 2026
$79.49 per share
Bessemer funds’ Class A Common Stock sales on July 15, 2026
BVP VIII post-trade holdings
1,748,859 shares
Class A Common Stock held after July 14 and 15, 2026 trades
BVP VIII Institutional post-trade holdings
2,103,245 shares
Class A Common Stock held after July 14 and 15, 2026 trades
15 Angels post-trade holdings
93,853 shares
Class A Common Stock held after July 14 and 15, 2026 trades
Director direct holdings
4,937 shares
ServiceTitan Class A Common Stock held directly as of July 14, 2026
RSU grant vesting 15 Sep 2026
1,891 RSUs
Vest in full on September 15, 2026, subject to continued board service
RSU grant vesting 15 Sep 2027
3,046 RSUs
Vest in full on September 15, 2027, subject to continued board service
Key Terms
restricted stock units ("RSUs"), weighted average price, indirect, passive economic interest, pecuniary interest, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant..."
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.
weighted average price financial
"These shares were sold at a weighted average price of $80.50."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect, passive economic interest financial
"The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest..."
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in such securities..."
non-employee director compensation program financial
"Includes an award of 3,046 RSUs granted pursuant to the Issuer's non-employee director compensation program."