[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Byron B. Deeter, a partner at Bessemer Venture Partners, reported changes in beneficial ownership of ServiceTitan, Inc. (TTAN). On 09/19/2025 three Bessemer-related funds sold shares of ServiceTitan Class A common stock: Bessemer Venture Partners VIII L.P. sold 12,518 shares, Bessemer Venture Partners VIII Institutional L.P. sold 15,055 shares, and 15 Angels II LLC sold 672 shares. The reporting person disclaims direct beneficial ownership of the shares held by those funds and states his interest is indirect and passive through partnership interests. Separately, the report shows the reporting person beneficially owns 1,891 shares of Class A common stock attributable to equity grants, and he has agreed to assign rights to any shares or proceeds from that grant to Deer Management Co, LLC. The filing was signed on 09/23/2025.

Positive

• Disclosure clarity: The filing explicitly details the number of shares sold by each Bessemer fund (12,518; 15,055; 672), improving transparency.
• Grant holding disclosed: The reporting person reports beneficial ownership of 1,891 Class A shares from equity grants.

Negative

• Secondary sales by affiliated funds: Bessemer-related entities sold Class A shares on 09/19/2025, which may be viewed negatively by some investors.
• Reporting person disclaims beneficial ownership of fund-held shares: The reporting person only has an indirect, passive economic interest, limiting direct accountability for the sold shares.

Insights

Securities Analyst

TL;DR: Insider filing discloses fund-led sales and a modest indirect holding via equity grants; no new derivative positions disclosed.

The Form 4 documents sales by three Bessemer-related funds totaling reported lots of Class A shares on 09/19/2025 and records an indirect, passive economic interest for the reporting partner, Byron Deeter. The filing clarifies the partner disclaims beneficial ownership except for any pecuniary interest and notes assignment of grant-related shares to Deer Management Co, LLC. There are no derivative transactions reported. For investors, this is a routine disclosure of secondary sales by venture funds and an individual’s modest grant-related holding rather than an operational or financial disclosure from the issuer.

Corporate Governance Expert

TL;DR: Filing shows fund-level dispositions with standard disclosure of indirect ownership and assignment of grant rights.

The report follows Section 16 reporting norms: it lists specific dispositions by Bessemer funds and explains the reporting person’s indirect relationship to those funds and the limited nature of his beneficial ownership. The explicit assignment of grant rights to Deer Management Co, LLC is a governance detail that clarifies economic interests and potential conflicts. This is a transparency-focused filing rather than evidence of executive-level governance changes.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
09/19/2025

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	09/19/2025		S		0(1)	D	$0(1)	0	I	See footnote(2)
Class A Common Stock								1,891	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

Explanation of Responses:

1. On September 19, 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 12,518 shares, 15,055 shares and 672 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. 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	09/23/2025
	** 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 reports that Bessemer-related funds sold Class A shares on 09/19/2025 and that Byron B. Deeter holds an indirect economic interest and 1,891 Class A shares from equity grants.

How many shares did each Bessemer fund sell according to the filing?

The filing states Bessemer Venture Partners VIII L.P. sold 12,518 shares, Bessemer Venture Partners VIII Institutional L.P. sold 15,055 shares, and 15 Angels II LLC sold 672 shares.

Does Byron Deeter claim direct beneficial ownership of the sold shares?

No. The report states the reporting person disclaims beneficial ownership of the securities held by the Bessemer Funds except to the extent of any pecuniary interest through indirect partnership interests.

Are there any derivative transactions reported in this Form 4?

No derivative securities (options, warrants, convertible securities) are disclosed in the filing.

What happened to the equity grant shares reported for the reporting person?

The reporting person has agreed to assign to Deer Management Co, LLC the right to any shares issuable pursuant to the grant or any proceeds from their sale.