[Form 4] ServiceTitan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Byron B. Deeter, partner at Bessemer Venture Partners and director/10% owner of ServiceTitan, Inc. (TTAN).Transaction: On 09/12/2025 affiliated Bessemer funds sold a combined 9,495 shares of Class A common stock (4,208 by BVP VIII, 5,061 by BVP VIII Inst and 226 by 15 Angels II). The Form 4 reports the Reporting Person disclaimed direct beneficial ownership of the shares held by those funds except for any pecuniary interest. The Reporting Person directly beneficially owns 1,891 shares of Class A common stock, consisting of equity grants that he has agreed to assign to Deer Management Co, LLC. No derivative transactions were reported.

Positive

• Transparency: The filing clearly discloses the specific number of shares sold by each affiliated fund (4,208; 5,061; 226).
• Remaining direct holding: The Reporting Person retains 1,891 Class A shares from equity grants.

Negative

• Reduction in affiliated fund holdings: Bessemer-affiliated funds disposed of a combined 9,495 Class A shares, which reduces the funds' position in TTAN.
• Limited direct economic interest: The Reporting Person disclaims beneficial ownership of shares held by the funds except for any pecuniary interest, indicating his economic exposure is primarily indirect.

Insights

Securities Analyst

TL;DR: Affiliated funds sold 9,495 Class A shares; the reporting director retains 1,891 direct shares and disclaims beneficial ownership of fund holdings.

The filing documents routine disposition activity by funds affiliated with a director rather than an open-market sale by the individual. The report clarifies the director's ownership is primarily indirect through partnership interests and that he disclaims beneficial ownership of the fund-held shares except for any pecuniary interest. The remaining direct position of 1,891 shares derives from equity grants and is contractually assigned to Deer Management Co, LLC, which may affect voting/control rights. No options, warrants, or other derivatives are reported.

Corporate Governance Expert

TL;DR: Transaction reflects fund-level portfolio rebalancing; disclosure clarifies indirect ownership and assignment of grant proceeds.

The Form 4 provides clear disclosure of the mechanics: entity-level dispositions by Bessemer funds and the Reporting Person's indirect interests via the general partner structure. The assignment of equity-grant proceeds to Deer Management Co, LLC is explicitly noted, which is relevant for understanding who ultimately receives economic benefits. The filing contains no indication of material changes to board composition or derivative exposure.

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

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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).

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)
09/12/2025

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	09/12/2025		S		0(1)	D	$0(1)	0	I	See footnote(2)
Class A Common Stock								1,891	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

Explanation of Responses:

1. On September 12, 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 4,208 shares, 5,061 shares and 226 shares of Class A Common Stock of the Issuer, respectively.

2. 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.

3. 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	09/16/2025
	** 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 Byron B. Deeter report on Form 4 for TTAN?

He reported that affiliated Bessemer funds sold a combined 9,495 Class A shares on 09/12/2025 and that he directly beneficially owns 1,891 Class A shares.

Which entities sold the shares and how many did each sell?

Bessemer Venture Partners VIII L.P. sold 4,208 shares, Bessemer Venture Partners VIII Institutional L.P. sold 5,061 shares, and 15 Angels II LLC sold 226 shares.

Does the Form 4 show any derivative transactions by the reporting person?

No. Table II reports no derivative securities acquired, disposed of, or beneficially owned.

Does Byron Deeter claim beneficial ownership of the shares held by the Bessemer funds?

He disclaims beneficial ownership of the securities held by the Bessemer funds except to the extent of any pecuniary interest via his indirect partnership interests.

Are the equity grant shares held personally by Deeter?

The 1,891 Class A shares consist of equity grants, and Deeter has agreed to assign rights to any shares or proceeds to Deer Management Co, LLC.