[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing for ServiceTitan, Inc. (TTAN) details two open-market sales of the company’s Class A common stock by Bessemer Venture Partners–affiliated funds, for which director and 10% owner Byron B. Deeter is an indirect beneficiary.

• June 27 2025: BVP VIII sold 52,353 shares, BVP VIII Institutional sold 62,961 shares and 15 Angels II LLC sold 2,811 shares — a combined 118,125 shares.
• June 30 2025: BVP VIII sold 47,490 shares, BVP VIII Institutional sold 57,112 shares and 15 Angels II LLC sold 2,550 shares — a combined 107,152 shares.

Total shares disposed across the two transactions equal 225,277. After the sales, the filing lists only 1,891 shares of indirect beneficial ownership for the reporting person.

Deeter disclaims beneficial ownership beyond his pecuniary interest and notes that any shares he receives from issuer equity grants are assigned to Deer Management Co. LLC. No transaction prices were disclosed in the filing tables. The sales were carried out by venture funds rather than directly by Deeter, yet Section 16 classification shows him as both Director and 10% Owner, making the activity material to investors monitoring insider behavior.

Positive

• None.

Negative

• 225,277 shares sold by funds associated with a director/10% owner in two days, indicating substantial reduction in insider-linked holdings.
• Beneficial ownership for the reporting person falls to 1,891 shares, materially lowering insider equity alignment.

Insights

Securities Analyst

TL;DR: Venture funds tied to director dispose of 225k TTAN shares, leaving only 1,891 shares indirectly held.

The filing reveals significant divestiture by Bessemer Venture Partners funds over two trading days. As Deeter is a Section 16 insider classified as a 10% owner, the magnitude of disposal is noteworthy. Although the sales are fund-level actions and Deeter disclaims direct ownership, his remaining beneficial stake is de minimis, which can be interpreted as reduced long-term alignment with public shareholders. Lack of pricing data limits immediate valuation impact assessment, but volume alone may pressure sentiment.

Corporate Governance Expert

TL;DR: Large insider-related sell-down may signal governance shift or exit strategy by early VC backer.

Bessemer’s aggregate sale of 225,277 shares across two sessions suggests the venture investor is trimming exposure. Deeter’s disclaimer indicates purely passive economic interest, yet his dual role (director and 10% owner) means board influence remains while economic stake diminishes. Investors should watch for board composition changes or further filings indicating Bessemer’s exit trajectory.

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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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)
06/27/2025

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	06/27/2025		S		0(1)	D	$0(1)	0	I	See footnote(3)
Class A Common Stock	06/30/2025		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 June 27, 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 52,353 shares, 62,961 shares and 2,811 shares of Class A Common Stock of the Issuer, respectively.

2. On June 30, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 47,490 shares, 57,112 shares and 2,550 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	07/01/2025
	** 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.
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FAQ

How many ServiceTitan (TTAN) shares were sold according to this Form 4?

The Bessemer funds sold a combined 225,277 Class A shares on June 27 and June 30 2025.

Who is the reporting insider in this TTAN Form 4?

The insider is Byron B. Deeter, a director and 10% owner, filing on behalf of Bessemer Venture Partners funds.

What is the insider’s remaining beneficial ownership after the transactions?

The filing lists 1,891 shares of indirect beneficial ownership for the reporting person.

Were the share sales conducted directly by Byron Deeter?

No. The shares were sold by BVP VIII, BVP VIII Institutional, and 15 Angels II LLC; Deeter has only an indirect economic interest.

Is there price information for the TTAN insider sales?

No sale prices are disclosed in the Form 4 tables; they are shown as $0 placeholders.