Bessemer funds tied to ServiceTitan (TTAN) director Deeter sell blocks of Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceTitan, Inc. director and 10% owner Byron B. Deeter reported sales of Class A Common Stock by Bessemer Venture Partners funds with which he is associated. On July 2, 2026, BVP VIII, BVP VIII Institutional and 15 Angels together sold 58,983, 70,937 and 3,168 shares, respectively, at a weighted average price of $77.38 per share.
On July 6, 2026, those entities sold 31,500, 37,883 and 1,692 shares, respectively, at a weighted average price of $78.49, and on July 7, 2026 they sold 73,572, 88,481 and 3,951 shares, respectively, at a weighted average price of $80.45. The filing states Deeter has an indirect, passive economic interest in these funds and disclaims beneficial ownership beyond his pecuniary interest. Separately, he holds 4,937 Class A shares directly, all in the form of restricted stock units scheduled to vest in 2026 and 2027, with the right to any shares or proceeds from these RSUs assigned to Deer Management Co. LLC.
Positive
- None.
Negative
- None.
Insights
Bessemer funds trimmed ServiceTitan stake across three trading days.
Affiliated Bessemer Venture Partners funds sold blocks of ServiceTitan Class A stock on July 2, July 6 and July 7, 2026 at weighted average prices between $77.38 and $80.45. These are open-market or private sale transactions by institutional holders.
The filing clarifies that director Byron Deeter has only an indirect, passive economic interest in these funds and expressly disclaims beneficial ownership beyond his pecuniary interest. He also assigns the economic rights to his director RSU grants to Deer Management Co. LLC, which concentrates the economics away from him personally.
After these trades, the Bessemer funds still collectively hold over 4.4 million ServiceTitan shares, indicating they remain large shareholders. Future company filings may update how their ownership evolves, but this document alone mainly records a series of institutional portfolio-management sales.
Insider Trade Summary
4 transactions reported
Mixed
4 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 | -- |
| 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 July 2, 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 58,983 shares, 70,937 shares and 3,168 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $77.38. These shares were sold in multiple transactions at prices ranging from $76.53 to $77.49. 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 6, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 31,500 shares, 37,883 shares and 1,692 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $78.49. These shares were sold in multiple transactions at prices ranging from $77.69 to $78.60. 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. On July 7, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 73,572 shares, 88,481 shares and 3,951 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $80.45. These shares were sold in multiple transactions at prices ranging from $79.83 to $80.79. 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 above reported Bessemer Funds trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,954,020 shares, 2,349,982 shares, and 104,876 shares of Class A Common Stock, respectively.
Key Figures
July 2, 2026 BVP VIII sale: 58,983 shares
July 2, 2026 BVP VIII Inst sale: 70,937 shares
July 6, 2026 BVP VIII sale: 31,500 shares
+5 more
8 metrics
July 2, 2026 BVP VIII sale
58,983 shares
Class A Common Stock sold by BVP VIII at weighted avg $77.38
July 2, 2026 BVP VIII Inst sale
70,937 shares
Class A Common Stock sold by BVP VIII Institutional at $77.38 weighted avg
July 6, 2026 BVP VIII sale
31,500 shares
Sold at weighted average price $78.49
July 7, 2026 BVP VIII sale
73,572 shares
Sold at weighted average price $80.45
BVP VIII post-trade holdings
1,954,020 shares
Class A Common Stock owned after reported Bessemer Funds trades
BVP VIII Inst post-trade holdings
2,349,982 shares
Class A Common Stock owned after reported Bessemer Funds trades
15 Angels post-trade holdings
104,876 shares
Class A Common Stock owned after reported Bessemer Funds trades
Byron Deeter direct RSU-based holding
4,937 shares/RSUs
RSUs vesting in full on Sept 15, 2026 and Sept 15, 2027
Key Terms
restricted stock units ("RSUs"), weighted average price, indirect, passive economic interest, beneficial ownership, +2 more
6 terms
restricted stock units ("RSUs") financial
"Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program."
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 $77.38."
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.
indirect, passive economic interest financial
"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"
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
"Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program."
FAQ
What ServiceTitan (TTAN) equity does Byron Deeter hold directly after these transactions?
The Form 4 shows Deeter directly holds 4,937 ServiceTitan Class A shares in the form of restricted stock units. These RSUs are scheduled to vest in full on September 15, 2026 and September 15, 2027, subject to continued board service, with each RSU converting into one share.
Who receives the economic benefit from Byron Deeter’s ServiceTitan (TTAN) RSUs?
Deeter has agreed to assign to Deer Management Co. LLC the right to any ServiceTitan RSUs or Class A Common Stock issued under these grants, as well as any sale proceeds. This means Deer Management Co. LLC, rather than Deeter personally, is entitled to the economic benefits.