Servicetitan SEC Filings

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.

ServiceTitan, Inc. (TTAN) – Form 4 filed 06/30/2025

CEO & Co-founder Ara Mahdessian reported a routine set of insider transactions on 06/26/2025:

• Conversion: 24,392 Class B shares were converted 1-for-1 into Class A shares at no cost, increasing the publicly traded float.
• Sell-to-cover sales: 24,391.25 Class A shares were immediately sold in four tranches to satisfy withholding taxes linked to restricted-stock-unit vesting. The weighted-average sale price was $104.65, with price bands ranging from $103.20 to $106.57, generating roughly $2.55 million in gross proceeds.
• Post-transaction, direct Class A ownership fell to just 0.75 share; however, Mahdessian retains 3,313,545 Class B shares directly and a further 6,144,019 Class B shares indirectly through two 2024 GRATs and the AMKE family trust.
• The filing also records exempt June 24, 2025 transfers of 185,367 Class B shares from each GRAT to the family trust, consistent with Rule 16a-13.

The activity is disclosed as non-discretionary and mandated by the company’s equity incentive plan. While it reduces the CEO’s immediate Class A stake, his overall economic exposure and voting control remain largely unchanged, suggesting neutral fundamental impact for investors.

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

Chief Financial Officer David Sherry reported four sell transactions dated 26 June 2025 involving the company’s Class A common stock. The sales were executed under transaction code “S” and are expressly described as a mandatory “sell-to-cover” arrangement to satisfy tax-withholding obligations that arose when restricted stock units (RSUs) vested following the expiry of the IPO lock-up period. Therefore, they do not reflect discretionary portfolio decisions by the insider.

• Total shares sold: 16,630 (4,856 + 8,244 + 3,024 + 506)
• Weighted average price: $104.65, with actual trade ranges of $103.20-$106.57 as detailed in footnotes 2-5.
• Approximate gross proceeds: ~$1.74 million (16,630 × $104.65).
• Shares remaining under direct ownership: 368,678.25, indicating the CFO retains roughly 96% of his pre-sale holdings (≈385,308 shares).

The filing is routine for newly vested equity awards and does not signify a change in strategic outlook. Investors may note that the insider continues to hold a substantial stake, preserving alignment with shareholder interests, while the added float of 16,630 shares is immaterial relative to ServiceTitan’s total shares outstanding (not disclosed in this document).