[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan director and 10% owner Byron B. Deeter reported sales by affiliated Bessemer funds on Sept 8-9, 2025. The Form 4 discloses that Bessemer Venture Partners VIII L.P., BVP VIII Institutional L.P. and 15 Angels II LLC sold a combined 560,210 shares of Class A common stock across the two days (164,231; 197,507; 8,819 on Sept 8 and 181,558; 150,966; 8,109 on Sept 9). The reporting person states his ownership is indirect and passive through Bessemer entities and disclaims direct beneficial ownership except for a small equity grant of 1,891 Class A shares held indirectly and subject to assignment to Deer Management Co, LLC. The filing is signed by an attorney-in-fact on Sept 10, 2025.

Positive

• Full disclosure of dates and share counts for sales by affiliated funds (Sept 8-9, 2025)
• Clear statement that the reporting person holds only an indirect, passive economic interest and disclaims direct beneficial ownership
• Small retained indirect equity (1,891 Class A shares) is disclosed and assignment to Deer Management Co, LLC is documented

Negative

• Significant affiliated fund sales totaling 560,210 Class A shares could increase free float and affect market supply
• Reporting person is a director and 10% owner, so related-party dispositions may attract investor scrutiny despite the disclaimer

Insights

Securities Analyst

TL;DR: Large secondary sales by affiliated funds are disclosed; the reporting person retains only a small indirect equity grant.

The transactions primarily reflect dispositions by Bessemer-affiliated funds rather than direct sales by the reporting person. Aggregate reported dispositions total 560,210 Class A shares across September 8-9, 2025. The reporter emphasizes an indirect, passive economic interest via partnership interests and disclaims beneficial ownership beyond any pecuniary interest. For investors, the filing is a transparent record of affiliated fund liquidity events rather than a direct personal exit by the named director, although such dispositions can affect supply dynamics in the market.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 obligations; assignment of grant proceeds to management entity is notable.

The Form 4 meets reporting requirements by identifying the reporter's relationship to the issuer (director and 10% owner) and detailing sales by Bessemer funds. The reporter retains an indirect grant of 1,891 Class A shares but has agreed to assign rights to Deer Management Co, LLC, which may reflect internal allocation or governance arrangements. The filing clarifies ownership structure and avoids asserting direct beneficial ownership, reducing ambiguity about control but confirming related-party sales occurred.

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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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).

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)
09/08/2025

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	09/08/2025		S		0(1)	D	$0(1)	0	I	See footnote(3)
Class A Common Stock	09/09/2025		S		0(2)	D	$0(2)	0	I	See footnote(3)
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 8, 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 164,231 shares, 197,507 shares and 8,819 shares of Class A Common Stock of the Issuer, respectively.

2. On September 9, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 181,558 shares, 150,966 shares and 8,109 shares of Class A Common Stock of the Issuer, respectively.

3. 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.

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	09/10/2025
	** 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 for ServiceTitan (TTAN) disclose on Sept 8-9, 2025?

The filing shows affiliated Bessemer funds sold a total of 560,210 Class A shares across Sept 8 and Sept 9, 2025, with specific lot counts provided in the report.

Does Byron B. Deeter personally own the shares sold in the Form 4?

The report states the sales were by Bessemer funds and that the Reporting Person has an indirect, passive economic interest and disclaims direct beneficial ownership except for any pecuniary interest.

How many Class A shares does the reporting person retain?

The Form 4 discloses an indirect holding of 1,891 Class A shares, which the Reporting Person has agreed to assign to Deer Management Co, LLC.

Who executed the Form 4 filing for Byron B. Deeter?

The Form 4 was signed by Augie Wilkinson, Attorney-in-Fact on behalf of the Reporting Person on Sept 10, 2025.

Are the Bessemer entities identified in the Form 4?

Yes. The sellers are Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC.