ServiceTitan (TTAN) director Byron Deeter sells 17,690 shares over two days
Rhea-AI Filing Summary
ServiceTitan director and 10% owner Byron B. Deeter reported open-market sales of Class A Common Stock. He sold 8,845 shares on June 23, 2026 at a weighted average price of $63.35 per share and another 8,845 shares on June 24, 2026 at a weighted average price of $65.26 per share, for total sales of 17,690 shares.
After these transactions, Deeter directly holds 4,937 shares of Class A Common Stock. Footnotes note outstanding awards of 3,046 RSUs vesting on September 15, 2027 and 1,891 RSUs vesting on September 15, 2026, each convertible into one share upon vesting, with rights to these RSUs or resulting shares and any sale proceeds assigned to Deer Management Co. LLC.
The filing also states that Bessemer Venture Partners funds collectively hold several million ServiceTitan shares, and that Deeter has only an indirect, passive economic interest in those positions and expressly disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,845 | $65.26 | $577K |
| Sale | Class A Common Stock | 8,845 | $63.35 | $560K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- On June 23, 2026, the Reporting Person sold 8,845 shares of Class A Common Stock. These shares were sold at a weighted average price of $63.35. These shares were sold in multiple transactions at prices ranging from $62.80 to $63.75. 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. On June 24, 2026, the Reporting Person sold 8,845 shares of Class A Common Stock. These shares were sold at a weighted average price of $65.26. These shares were sold in multiple transactions at prices ranging from $65.11 to $65.63. 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. 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.