[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

ServiceTitan, Inc. (TTAN) – Form 4 insider activity

Director and 10 % owner Byron B. Deeter, acting through Bessemer Venture Partners–affiliated funds, reported two consecutive sales of the company’s Class A common stock:

• 07/08/2025: BVP VIII (390 sh), BVP VIII Institutional (469 sh) and 15 Angels II (20 sh) sold a combined 879 shares.
• 07/09/2025: the same funds sold a further 11,346 shares (5,029 sh + 6,047 sh + 270 sh).
• Total shares disposed: 12,225 over the two-day period.
• Post-transaction holdings: the Form lists 1,891 shares of Class A stock still held indirectly by Deeter via equity grants (see Footnote 4). He disclaims beneficial ownership of the Bessemer Funds’ positions beyond his pecuniary interest.

No transaction prices were disclosed; the price columns are reported as “$0,” and no derivative transactions were reported. The filing is a routine Section 16 disclosure and does not contain additional financial or strategic information about ServiceTitan.

Positive

• Timely and transparent disclosure of insider transactions, in line with Section 16 requirements
• Director retains 1,891 shares via equity grants, maintaining some alignment with shareholders

Negative

• Sale of 12,225 shares by funds associated with a 10 % owner may signal reduced confidence or portfolio rebalancing
• No price information provided, limiting investors’ ability to assess valuation context of the disposals

Insights

Securities Analyst

TL;DR Insider-related funds sold 12,225 TTAN shares; modest volume, negative sentiment signal, but price data absent.

The Form 4 shows Bessemer Venture Partners funds—linked to director/10 % owner Byron Deeter— trimming their stake by 12,225 Class A shares across 8–9 July 2025. Without share-price disclosure it is impossible to gauge dollar value or percentage of their overall position. Nonetheless, any sale by a >10 % holder tends to be interpreted as incrementally bearish, particularly when executed on consecutive days. Deeter retains an indirect 1,891-share grant, suggesting continued alignment, yet the quantum is immaterial relative to fund-level holdings. Investors should monitor follow-on filings for larger distribution patterns that could pressure TTAN’s float.

Corporate Governance Expert

TL;DR Routine Section 16 filing; disclosure aligns with governance norms, limited immediate impact.

From a governance standpoint, the filing is straightforward: transactions were duly reported within the required two-business-day window, footnotes clearly state Deeter’s indirect, passive interest, and signature power is delegated via power-of-attorney—all consistent with SEC best practices. Because Deeter disclaims beneficial ownership, the trades reflect Bessemer’s portfolio management rather than insider conviction. Accordingly, while optics of insider selling can weigh on sentiment, the event is not materially impactful unless sales escalate or coincide with negative corporate developments.

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^*

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)
07/08/2025

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	07/08/2025		S		0(1)	D	$0(1)	0	I	See footnote(3)
Class A Common Stock	07/09/2025		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 July 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 390 shares, 469 shares and 20 shares of Class A Common Stock of the Issuer, respectively.

2. On July 9, 2025, BVP VIII, BVP VIII Inst and 15 Angels II sold 5,029 shares, 6,047 shares and 270 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	07/10/2025
	** 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

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

A combined 12,225 Class A shares were sold on 07/08/2025 and 07/09/2025.

Who executed the TTAN share sales reported in the Form 4?

Bessemer Venture Partners VIII L.P., BVP VIII Institutional L.P. and 15 Angels II LLC, entities affiliated with director Byron B. Deeter.

Does Byron B. Deeter still hold ServiceTitan shares after the transactions?

Yes. The filing lists 1,891 Class A shares indirectly held via equity grants (Footnote 4).

Were any derivative securities involved in this insider transaction?

No. Table II shows no derivative securities acquired or disposed.

Is the insider sale automatically negative for TTAN investors?

Insider sales can be viewed cautiously, but without valuation or motive details, the material impact remains uncertain.