Bessemer funds tied to ServiceTitan (TTAN) director Deeter sell shares, update RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan director Byron B. Deeter reported fund-related share sales and updated equity awards. Investment vehicles affiliated with Bessemer Venture Partners sold Class A Common Stock in two batches: on June 30, 2026 they sold 41,539, 49,957 and 2,232 shares at a weighted average price of $69.97, and on July 1, 2026 they sold 29,655, 35,664 and 1,593 shares at a weighted average price of $74.63, all in multiple transactions within stated price ranges.
Deeter is a partner at Bessemer and has an indirect, passive economic interest in these Bessemer Funds but disclaims beneficial ownership except to the extent of any pecuniary interest. He also reports 4,937 Class A shares held directly, including 3,046 RSUs vesting on September 15, 2027 and 1,891 RSUs vesting on September 15, 2026, each convertible into one share. Deeter has agreed to assign any RSUs, resulting shares, or sale proceeds from these grants to Deer Management Co. LLC.
Positive
- None.
Negative
- None.
Insights
Fund-affiliated selling with indirect ties to director; routine RSU awards continue.
Bessemer Venture Partners funds associated with director Byron B. Deeter sold blocks of ServiceTitan Class A shares on June 30, 2026 and July 1, 2026. The sales were open-market transactions at weighted average prices of $69.97 and $74.63, respectively, across multiple trade prices.
Footnotes state Deeter has an indirect, passive economic interest through partnership interests and expressly disclaims beneficial ownership beyond any pecuniary stake. He also reports 4,937 Class A shares directly, entirely made up of RSU awards vesting on September 15, 2026 and September 15, 2027, with all RSU rights and proceeds assigned to Deer Management Co. LLC.
Overall, the filing mainly adjusts reported holdings for Bessemer-managed vehicles and updates Deeter’s board compensation awards. There is no indication of option exercises, 10b5-1 plans, or new derivative positions in this excerpt, so the informational value is centered on the scale and pricing of the Bessemer funds’ sales.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Deeter Byron B
Role
null
Sold
0 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 0 | $0.00 | -- |
| Sale | Class A Common Stock | 0 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, See Footnotes);
Class A Common Stock — 4,937 shares (Direct, null)
Footnotes (1)
- On June 30, 2026, 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 41,539 shares, 49,957 shares and 2,232 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $69.97. These shares were sold in multiple transactions at prices ranging from $69.70 to $70.62. 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. 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. On July 1, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 29,655 shares, 35,664 shares and 1,593 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $74.63. These shares were sold in multiple transactions at prices ranging from $74.45 to $75.39. 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. After the June 26 and June 29 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 2,118,075 shares, 2,547,283 shares, and 113,687 shares of Class A Common Stock, respectively.
Key Figures
June 30, 2026 BVP VIII sale: 41,539 shares
June 30, 2026 BVP VIII Inst sale: 49,957 shares
June 30, 2026 15 Angels sale: 2,232 shares
+5 more
8 metrics
June 30, 2026 BVP VIII sale
41,539 shares
Class A Common Stock sold by BVP VIII at $69.97 weighted average
June 30, 2026 BVP VIII Inst sale
49,957 shares
Class A Common Stock sold by BVP VIII Institutional at $69.97 weighted average
June 30, 2026 15 Angels sale
2,232 shares
Class A Common Stock sold by 15 Angels at $69.97 weighted average
July 1, 2026 BVP VIII sale
29,655 shares
Class A Common Stock sold by BVP VIII at $74.63 weighted average
July 1, 2026 BVP VIII Inst sale
35,664 shares
Class A Common Stock sold by BVP VIII Institutional at $74.63 weighted average
July 1, 2026 15 Angels sale
1,593 shares
Class A Common Stock sold by 15 Angels at $74.63 weighted average
Director direct holdings
4,937 shares
Class A Common Stock held directly, all from RSU awards
RSU awards
3,046 and 1,891 RSUs
Vesting on September 15, 2027 and September 15, 2026, respectively
Key Terms
restricted stock units ("RSUs"), weighted average price, beneficial ownership, pecuniary interest, +2 more
6 terms
restricted stock units ("RSUs") financial
"Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average price financial
"These shares were sold at a weighted average price of $69.97."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in such securities"
non-employee director compensation program financial
"RSUs granted pursuant to the Issuer's non-employee director compensation program."
Class A Common Stock financial
"shares of Class A Common Stock of the Issuer, respectively."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What ServiceTitan (TTAN) RSU awards are reported for director Byron B. Deeter?
The filing reports 3,046 restricted stock units vesting on September 15, 2027, and 1,891 restricted stock units vesting on September 15, 2026. Each RSU converts into one ServiceTitan Class A share if Deeter remains on the board through the applicable vesting date.
Who ultimately benefits from Byron B. Deeter’s ServiceTitan (TTAN) RSU grants?
Byron B. Deeter has agreed to assign to Deer Management Co. LLC the right to any RSUs, resulting ServiceTitan Class A shares, or sale proceeds from these grants. This means Deer Management, not Deeter personally, benefits economically from the awarded RSUs.