[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Highlights – ServiceTitan, Inc. (TTAN)

On 10-11 July 2025, investment entities affiliated with Bessemer Venture Partners (collectively the “Bessemer Funds”), a 10% beneficial owner of ServiceTitan, disclosed open-market sales of the company’s Class A common stock.

• Total shares sold: 93,648
• Sale dates & weighted average prices: 10 Jul 2025 – 84,942 sh at $111.05-$112.59; 11 Jul 2025 – 8,706 sh at $110.24
• Price range: $110.00 - $112.70
• Remaining beneficial ownership (post-sale): 7,966,334 shares across the Bessemer Funds (approx. 8.0 million sh) comprising:
  • BVP VIII – 3,529,523 sh
  • BVP VIII Institutional – 4,244,762 sh
  • 15 Angels II – 191,810 sh
  • Cloud All Star Fund – 189,399 sh

The transactions represent roughly 1.1 % of the group’s prior holdings and were executed well above $110 per share. No derivative transactions were reported, and the Bessemer Funds continue to hold a significant stake, retaining board-level influence as 10 % owners.

No information regarding company fundamentals or upcoming catalysts was provided in this filing; the disclosure is limited to insider sales required under Section 16.

Positive

• None.

Negative

• 10 % shareholder sold 93,648 shares, signalling modest insider distribution and potential dampening of short-term sentiment.

Insights

Securities Analyst

TL;DR – Modest insider sale (1.1 % of stake) by 10 % holder; signal is mildly negative but not materially so.

The Bessemer Funds trimmed 93,648 shares over two trading sessions at ~$111, realising ~$10.4 million in proceeds. The sale size is small relative to their 8 million-share position and does not materially change control dynamics. However, any disposition by a long-time, board-linked investor can be interpreted as incremental profit-taking or portfolio rebalancing. Absent further context—earnings miss, secondary offering, lock-up expiry—the event is best characterised as neutral-to-slightly negative for sentiment rather than a fundamental red flag. Impact on float liquidity is negligible.

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).

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^*

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)
07/10/2025

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	07/10/2025		S		45,924(1)	D	$111.05(2)	8,014,058	I	See footnote(3)
Class A Common Stock	07/10/2025		S		38,389(1)	D	$111.82(4)	7,975,669	I	See footnote(3)
Class A Common Stock	07/10/2025		S		629(1)	D	$112.59(5)	7,975,040	I	See footnote(3)
Class A Common Stock	07/11/2025		S		8,706(6)	D	$110.24(7)	7,966,334(8)	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

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^*

Cloud All Star Fund, LP

(Last) (First) (Middle)

180 LYTTON AVENUE

(Street)

PALO ALTO CA 94301

(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 July 10, 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 37,645 shares, 45,274 shares and 2,023 shares of Class A Common Stock of the Issuer, respectively.

2. These shares were sold at a weighted average price of $111.05. These shares were sold in multiple transactions at prices ranging from $110.50 to $111.496. 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. These shares were sold at a weighted average price of $111.82. These shares were sold in multiple transactions at prices ranging from $111.50 to $112.485. 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.

4. These shares were sold at a weighted average price of $112.59. These shares were sold in multiple transactions at prices ranging from $112.50 to $112.70. 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.

5. 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.

6. On July 11, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 3,858 shares, 4,640 shares and 208 shares of Class A Common Stock of the Issuer, respectively.

7. These shares were sold at a weighted average price of $110.24. These shares were sold in multiple transactions at prices ranging from $110.00 to $110.95. 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.

8. After the sales, BVP VIII, BVP VIII Inst, 15 Angels and Cloud All Star Fund, L.P. ("CASF"), own 3,529,523 shares, 4,244,762 shares, 191,810 shares and 189,399 shares of Class A Common Stock, respectively.

	/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.	07/14/2025
	/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.	07/14/2025
	/s/ Scott Ring, Authorized Person of 15 Angels II LLC	07/14/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd.	07/14/2025
	/s/ Scott Ring, General Counsel, Deer VIII & Co. Ltd., the General Partner of Deer VIII & Co. L.P.	07/14/2025
	/s/ John Ailanjian, Managing Member & Authorized Signatory of Cloud All Star Fund GP, LLC, the General Partner of Cloud All Start Fund, L.P.	07/14/2025
	** 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).
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FAQ

How many ServiceTitan (TTAN) shares did Bessemer Venture Partners sell?

93,648 Class A shares were sold on 10-11 July 2025.

What prices did the insider shares trade at?

Weighted average prices ranged from $110.24 to $112.59, with individual trades between $110.00 and $112.70.

How many TTAN shares does Bessemer still own after the sale?

The group retains 7,966,334 shares (about 8.0 million) following the transactions.

Does the filing disclose any derivative transactions?

No; Table II was empty, indicating no derivatives were acquired or disposed of.

Is Bessemer still a 10 % owner after these sales?

Yes, despite the sale it remains a 10 % beneficial owner, maintaining significant influence.

What portion of Bessemer’s holdings was sold?

The sale represents roughly 1.1 % of its prior stake in ServiceTitan.