[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider Form 4 filing for ServiceTitan, Inc. (TTAN) shows sales by funds affiliated with Bessemer Venture Partners on September 16-17, 2025, and an indirect ownership disclosure by partner Byron B. Deeter. The Bessemer Funds sold a total of 64,727 shares of Class A common stock across two days: 25,564, 30,748 and 1,376 shares on September 16, and 3,120, 3,751 and 168 shares on September 17. The reporting person, a partner at Bessemer, states an indirect, passive economic interest in shares held by the Bessemer Funds and disclaims direct beneficial ownership except to the extent of any pecuniary interest. The filing also reports the reporting person beneficially owns 1,891 Class A shares related to equity grants, and that the reporting person agreed to assign rights to Deer Management Co, LLC.

Positive

• Full disclosure of transaction dates and share amounts by the Bessemer-affiliated funds on September 16-17, 2025
• Reporting person discloses indirect ownership and clearly states the disclaimer of beneficial ownership except for pecuniary interest
• Identification of equity grant holdings (1,891 Class A shares) and assignment of rights to Deer Management Co, LLC

Negative

• Bessemer Funds sold 64,727 Class A shares across two days, indicating a material secondary liquidity event by affiliated funds
• Reporting person disclaims direct beneficial ownership, which may limit clarity on individual insider alignment with shareholders

Insights

Financial Analyst

TL;DR: Bessemer-affiliated funds sold 64,727 TTAN Class A shares over two days; reporting partner disclaims direct beneficial ownership.

The filing documents aggregated secondary sales by three Bessemer entities on September 16-17, 2025, totaling 64,727 shares of Class A common stock. The reporting person, Byron B. Deeter, is a partner at Bessemer and reports only an indirect, passive economic interest in the shares held by the funds. He separately holds 1,891 Class A shares from equity grants, with rights assigned to Deer Management Co, LLC. For investors this is a clear disclosure of liquidity events by affiliated funds and a clarification that the individual reporting partner does not claim direct control over the sold shares.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure of fund sales and indirect ownership; assignment of grant proceeds noted.

The Form 4 accurately reports multiple dispositions by Bessemer Venture Partners entities and provides the required statement that the reporting partner disclaims beneficial ownership except for any pecuniary interest. It also discloses that shares issuable from grants (1,891 Class A shares) have been assigned to Deer Management Co, LLC. The filing meets transparency expectations under Section 16 by identifying dates, amounts and the nature of indirect ownership, enabling stakeholders to track affiliated-party transactions.

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
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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^*

Deeter Byron B

(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)

X	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)

X	Form filed by One Reporting Person
	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		0(1)	D	$0(1)	0	I	See footnote(2)
Class A Common Stock	09/17/2025		S		0(3)	D	$0(3)	0	I	See footnote(2)
Class A Common Stock								1,891	I	See footnote(4)

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

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. 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.

3. 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.

4. Consists of Class A Common Stock received by the Reporting Person related to equity grants issued by the Issuer. The Reporting Person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.

	/s/ Augie Wilkinson, Attorney-in-Fact	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for ServiceTitan (TTAN) disclose?

The Form 4 disclosed that Bessemer-affiliated funds sold a total of 64,727 Class A shares on September 16-17, 2025, and that reporting partner Byron B. Deeter holds 1,891 Class A shares from equity grants.

Who sold the TTAN shares reported in the Form 4?

The sellers were Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC, collectively referred to as the Bessemer Funds.

Does Byron B. Deeter claim direct ownership of the sold shares?

No. The reporting person states he has an indirect, passive economic interest in shares held by the Bessemer Funds and disclaims beneficial ownership except to the extent of any pecuniary interest.

What equity does the reporting person directly hold according to the filing?

The filing reports the reporting person beneficially owns 1,891 Class A shares received related to equity grants, with rights assigned to Deer Management Co, LLC.

When were the share sales executed?

The reported dispositions occurred on September 16, 2025 and September 17, 2025.