[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bessemer-related funds reported the sale of 9,495 shares of ServiceTitan Class A common stock on 09/12/2025 at a weighted average price of $117.13 per share, with individual trade prices ranging from $117.00 to $117.90. The sales comprised 4,208 shares by Bessemer Venture Partners VIII L.P., 5,061 shares by Bessemer Venture Partners VIII Institutional L.P., and 226 shares by 15 Angels II LLC. After the transactions, the footnote reports remaining Class A holdings of 3,169,941 shares (BVP VIII), 3,879,700 shares (BVP VIII Inst), 174,142 shares (15 Angels) and 189,399 shares (Cloud All Star Fund). The filing discloses that certain Bessemer affiliates have voting and dispositive power through ownership structures and named directors who act as the investment committee.

Positive

• Transparent disclosure of the number of shares sold, weighted average price, and price range ($117.00–$117.90)
• Post-transaction holdings provided showing Bessemer entities retain multi-million share positions, indicating continued long-term exposure
• Affiliates and governance structure disclosed, clarifying who holds voting and dispositive power

Negative

• Minor reduction in holdings (9,495 shares sold) that, while small relative to total holdings, is a realized disposition by a large shareholder
• Price-range disclosure requires the reporting person to provide per-price details on request, indicating trades occurred across multiple executions rather than a single block

Insights

Financial Analyst

TL;DR: Small disposition by major holder; proceeds modest relative to holdings, no change to control indicated.

The Form 4 shows an aggregate sale of 9,495 Class A shares at a weighted average price of $117.13 on 09/12/2025. Given the post-sale holdings (millions of shares across Bessemer entities), this transaction appears to be routine liquidity-taking rather than a shift in strategic ownership. The reported price range ($117.00–$117.90) and the undertaking to provide per-price breakdown support routine block trade execution. For investors, the key datapoints are the immaterial percent reduction relative to stated post-sale stakes and the continued indirect control via affiliated entities and named directors.

Corporate Governance Expert

TL;DR: Filing documents routine sales and reiterates complex ownership and voting structure led by Deer VIII Ltd. directors.

The disclosure emphasizes the multi-entity ownership structure and that voting and dispositive power rest with directors of Deer VIII Ltd., who act as an investment committee. The sales by BVP VIII, BVP VIII Inst and 15 Angels do not appear to alter that governance arrangement. The filing appropriately identifies affiliated interests, Cloud All Star Fund's relationship, and subsidiaries, which maintains transparency about who holds voting authority despite multiple entities reporting the trades.

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)
09/12/2025

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	09/12/2025		S		9,495(1)	D	$117.13(2)	7,224,022(3)	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

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 12, 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 4,208 shares, 5,061 shares and 226 shares of Class A Common Stock of the Issuer, respectively.

2. These shares were sold at a weighted average price of $117.13. These shares were sold in multiple transactions at prices ranging from $117.00 to $117.90. 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. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,169,941 shares, 3,879,700 shares, 174,142 shares and 189,399 shares of Class A Common Stock, respectively.

4. 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.

	/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.	09/16/2025
	/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.	09/16/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	09/16/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	09/16/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	09/16/2025
	** Signature of Reporting Person	Date
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FAQ

What did Bessemer report selling in the TTAN Form 4?

The Bessemer funds sold a total of 9,495 Class A shares of ServiceTitan on 09/12/2025.

At what price were the ServiceTitan (TTAN) shares sold?

The sales were at a weighted average price of $117.13 per share, with individual trade prices ranging from $117.00 to $117.90.

How many ServiceTitan shares do the Bessemer entities hold after the sale?

Post-sale holdings reported: 3,169,941 (BVP VIII), 3,879,700 (BVP VIII Inst), 174,142 (15 Angels), and 189,399 (Cloud All Star Fund).

Does the Form 4 indicate a change in control of ServiceTitan (TTAN)?

No. The filing shows sales of a small number of shares relative to multi-million share holdings and reiterates that voting and dispositive power remain with Deer VIII Ltd. directors.

Who completed and signed the Form 4 for these transactions?

The Form 4 was signed by Scott Ring in capacities including General Counsel of Deer VIII & Co. Ltd. and Authorized Person of 15 Angels II LLC on 09/16/2025.