[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bessemer-affiliated funds reported sales of ServiceTitan (TTAN) Class A common stock across two days in mid-September 2025. The funds sold a total of 64,312 shares on 09/16/2025 at a weighted average price of $117.18 per share and 6, (reported separately) 6,? correction: 7,039 shares on 09/17/2025 at a weighted average price of $117.32 per share, reducing their holdings but leaving substantial ownership positions. After the reported transactions, the primary Bessemer funds and related vehicle CASF held 3,141,257; 3,845,201; 172,598; and 189,399 shares, respectively. The sales occurred in multiple transactions across specified price ranges, and the reporting persons offered to provide detailed per-price sale information on request.

Positive

• Substantial residual ownership remains after the sales: BVP VIII owns 3,141,257 shares and BVP VIII Inst owns 3,845,201 shares, indicating continued influence.
• Clear affiliate and control disclosures explain voting and dispositive power, including the role of Deer VIII entities and named directors.

Negative

• Insider sales occurred: Bessemer funds sold a total of 64,312 shares on 09/16/2025 at a weighted average of $117.18 and 7,039 shares on 09/17/2025 at $117.32, increasing circulating supply.
• Sales executed in multiple transactions across price ranges, which may make exact per-trade pricing unclear without the additional information the reporting person offered to provide.

Insights

Securities Analyst

TL;DR: Significant insider sales by Bessemer funds at roughly $117 per share, but large residual holdings remain, suggesting portfolio rebalancing rather than exit.

The reported disposals totaling 71,?? shares across two days were executed at weighted average prices of $117.18 and $117.32, with per-trade prices disclosed within ranges. Such block sales by a major investor can increase free float and supply pressure in the short term, but continued multi-million-share holdings across vehicles indicate maintained conviction or passive liquidity management rather than full divestment. Investors should note the specific ownership balances reported after the transactions when assessing potential influence on voting or future dispositions.

Corporate Governance Expert

TL;DR: Sales were disclosed transparently with affiliate relationships and voting control explained; governance influence appears intact.

The filing details the ownership and control chain: Deer VIII entities and named directors exercise voting and dispositive power for the Bessemer funds, and affiliations with CASF are disclosed. The report clarifies indirect ownership and provides to-the-company and SEC offers to supply transaction-level pricing, meeting disclosure expectations. From a governance perspective, the continued large holdings preserve the funds' ability to influence corporate matters despite the recent sales.

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).

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)
09/16/2025

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	09/16/2025		S		57,688(1)	D	$117.18(2)	7,166,334	I	See footnote(3)
Class A Common Stock	09/17/2025		S		7,039(4)	D	$117.32(5)	7,159,295(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 16, 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 25,564 shares, 30,748 shares and 1,376 shares of Class A Common Stock of the Issuer, respectively.

2. These shares were sold at a weighted average price of $117.18. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.45. 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. On September 17, 2025, BVP VIII, BVP VIII Inst and 15 Angels sold 3,120 shares, 3,751 shares and 168 shares of Class A Common Stock of the Issuer, respectively.

5. These shares were sold at a weighted average price of $117.32. These shares were sold in multiple transactions at prices ranging from $117.01 to $117.97. 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 3,141,257 shares, 3,845,201 shares, 172,598 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.	09/18/2025
	/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.	09/18/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	09/18/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	09/18/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	09/18/2025
	** 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 did Bessemer report in the Form 4 for ServiceTitan (TTAN)?

The Form 4 discloses that Bessemer-affiliated funds sold shares of TTAN Class A common stock on 09/16/2025 and 09/17/2025 at weighted average prices of $117.18 and $117.32, respectively.

How many TTAN shares do the Bessemer funds hold after the sales?

After the reported transactions, the filing lists 3,141,257 shares for BVP VIII, 3,845,201 for BVP VIII Institutional, 172,598 for 15 Angels II LLC, and 189,399 for CASF.

Were the sales executed at a single price?

No. The filing states the shares were sold in multiple transactions at prices ranging from $117.00 to $117.45 on 09/16/2025 and $117.01 to $117.97 on 09/17/2025; detailed per-trade counts are available on request.

Who controls voting and investment decisions for these holdings?

The filing discloses that Deer VIII & Co. Ltd. directors act as an investment committee and hold voting and dispositive power for the Bessemer funds' holdings.