ServiceTitan (TTAN) director-affiliated Bessemer funds execute Class A stock sales near $79
Rhea-AI Filing Summary
ServiceTitan, Inc. director and ten-percent owner Byron B. Deeter reported indirect sales of Class A Common Stock by affiliated Bessemer funds. On July 8, 2026, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC sold 20,302, 24,416, and 1,091 shares, respectively, at a weighted average price of $78.24 per share in multiple trades between $78.00 and $79.00. On July 9, 2026, the same entities sold 41,739, 50,198, and 2,243 shares, respectively, at a weighted average price of $79.17 per share in multiple trades between $78.72 and $79.58. After these trades, they held 1,891,979, 2,275,368, and 101,542 shares, respectively. Deeter, a partner at Bessemer Venture Partners, has only an indirect, passive economic interest and disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Venture funds tied to a director sold shares, while maintaining large positions.
The filing shows affiliated Bessemer funds selling blocks of ServiceTitan Class A shares on July 8, 2026 and July 9, 2026. Sales were executed at weighted average prices of $78.24 and $79.17, within narrow intraday ranges, suggesting orderly liquidity transactions.
These trades are attributed to Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC, not personally to Byron Deeter. He holds an indirect, passive economic interest and expressly disclaims beneficial ownership beyond any pecuniary interest. After the trades, the funds still held 1,891,979, 2,275,368, and 101,542 shares, indicating continued substantial exposure.
The report also notes director RSU awards of 3,046 and 1,891 units vesting on September 15, 2027 and September 15, 2026, respectively, with Deeter assigning rights to the shares or proceeds to Deer Management Co. LLC. Overall, this looks like routine venture fund portfolio management rather than a directional signal on the company’s fundamentals.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (1)
- On July 8, 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 20,302 shares, 24,416 shares and 1,091 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $78.24. These shares were sold in multiple transactions at prices ranging from $78.00 to $79.00. 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 9, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 41,739 shares, 50,198 shares and 2,243 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $79.17. These shares were sold in multiple transactions at prices ranging from $78.72 to $79.58. 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 July 8 and July 9 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,891,979 shares, 2,275,368 shares, and 101,542 shares of Class A Common Stock, respectively.