Servicetitan SEC Filings

ServiceTitan, Inc. (TTAN) – Form 144 Notice of Proposed Sale

The filing discloses that Bessemer Venture Partners VIII L.P. intends to sell 5,559 Class A common shares of ServiceTitan on or about 25 June 2025 through Nasdaq. The broker of record is stated as the selling partnership itself, located in Larchmont, NY. The shares to be sold carry an aggregate market value of $588,920.46. ServiceTitan reports 77,266,756 Class A shares outstanding, so the planned sale represents roughly 0.007 % of the float, implying limited direct dilution or supply impact.

The filing also details insider activity over the prior three-month period. Three affiliated entities—Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P. and 15 Angels II LLC—collectively disposed of 500,000 Class A shares for total gross proceeds of $51.0 million on 10 June 2025. No additional consideration terms or non-cash payments are noted; earlier acquisitions were via cash purchase on 20 March 2015.

The signatory affirms no undisclosed adverse information and acknowledges potential Rule 10b5-1 plans. While the current proposed sale is modest, the pattern of recent, larger dispositions by longstanding venture investors may indicate an ongoing exit strategy following lock-up expirations or liquidity windows.

ServiceTitan insiders have filed Form 144 indicating proposed sales of Class A Common stock. The main transaction involves 299 shares with an aggregate market value of $31,676.06, planned for sale on June 25, 2025, through 15 Angels II LLC on Nasdaq.

Notable recent insider transactions in the past 3 months include:

• Bessemer Venture Partners VIII L.P. sold 221,596 shares ($22.6M)
• Bessemer Venture Partners VIII Institutional L.P. sold 266,502 shares ($27.2M)
• 15 Angels II LLC sold 11,902 shares ($1.2M)

The shares being sold were originally acquired through a private placement on March 15, 2015, purchased with cash. The company currently has 77,266,756 shares outstanding. This Form 144 filing represents the declaration of intention to sell securities acquired through private placement, complying with Rule 144 requirements.

ServiceTitan director and 10% owner Byron B. Deeter reported receiving 1,891 restricted stock units (RSUs) on June 18, 2025. The RSUs were granted as part of the company's non-employee director compensation program at a price of $0.

Key details of the transaction:

• The RSUs will fully vest on September 15, 2026, contingent on Deeter's continued service on the board
• Each RSU represents the right to receive one share of ServiceTitan Class A Common Stock
• Deeter has assigned rights to the shares or proceeds from their sale to Deer Management Co. LLC (DMC)

This Form 4 filing indicates ongoing alignment between board compensation and long-term company performance through equity-based awards, while the assignment to DMC suggests institutional investment structuring.

ServiceTitan Director Michael Maurice Brown reported multiple transactions and holdings in a Form 4 filing dated June 28, 2025. The key transaction involves the acquisition of 1,891 restricted stock units (RSUs) on June 18, 2025, granted under the company's non-employee director compensation program. These RSUs will fully vest on September 15, 2026, contingent on continued board service.

Brown's beneficial ownership includes:

• Direct ownership of 11,202 shares of Class A Common Stock
• Indirect holdings through various Battery Ventures entities totaling approximately 4.3 million shares, including: - Battery Ventures XI-A: 1,589,230 shares - Battery Ventures XI-A Side Fund: 1,651,108 shares - Other Battery-affiliated entities: ~1.1 million shares combined
• Additional 3,127 shares held in an irrevocable GST trust

The filing reflects recent pro rata distributions from various Battery entities to their members, which represented changes in form of ownership not previously requiring Section 16 reporting.

ServiceTitan director William Wei-Liang Hsu received a grant of 1,891 restricted stock units (RSUs) on June 18, 2025, as part of the company's non-employee director compensation program.

Key details of the RSU grant:

• Grant price: $0 (standard for RSU awards)
• Vesting schedule: Full vesting on September 15, 2026
• Vesting condition: Continued service on ServiceTitan's board of directors
• Conversion: Each RSU represents the right to receive one share of Class A Common Stock upon vesting

The transaction was reported through Form 4 filing, with the document signed by Olive Huang as attorney-in-fact on June 23, 2025. This equity grant aligns the director's interests with shareholders through long-term stock ownership.

ServiceTitan Director Ilya Golubovich received a grant of 1,891 restricted stock units (RSUs) on June 18, 2025, as part of the company's non-employee director compensation program.

Key details of the RSU grant:

• Grant price: $0 (as typical for RSU awards)
• Vesting schedule: Full vesting on September 15, 2026
• Vesting condition: Continued service on the company's board of directors
• Each RSU converts to one share of Class A Common Stock upon vesting

The transaction was reported via Form 4 filing, with the document signed by attorney-in-fact Olive Huang on June 23, 2025. This equity grant aligns the director's interests with shareholders through long-term stock ownership.

ServiceTitan director Timothy S. Cabral received a grant of 1,891 restricted stock units (RSUs) on June 18, 2025, as part of the company's non-employee director compensation program. The RSUs were awarded at $0 cost and represent the right to receive an equivalent number of Class A Common Stock shares.

Key details of the RSU grant:

• Vesting schedule: Full vesting on September 15, 2026
• Vesting condition: Continued service on ServiceTitan's board of directors
• Post-transaction holdings: 14,733 shares held directly

This Form 4 filing was signed by attorney-in-fact Olive Huang on June 23, 2025, and represents a standard equity compensation arrangement for non-employee directors, aligning the director's interests with those of shareholders through long-term stock ownership.

ServiceTitan Chief Accounting Officer Michele O'Connor reported multiple "sell to cover" transactions on June 18, 2025 to satisfy tax withholding obligations related to vesting restricted stock units. The transactions included:

• 213 shares at weighted average price of $105.22 (range: $102.79-$103.78)
• 186 shares at weighted average price of $105.22 (range: $103.79-$104.78)
• 565 shares at weighted average price of $105.22 (range: $104.79-$105.78)
• 767.5 shares at weighted average price of $105.22 (range: $105.79-$106.54)

Following these transactions, O'Connor directly owns 98,936.5 shares of Class A Common Stock. These sales were mandatory under the company's equity incentive plans and not discretionary trades by the reporting person. The Form 4 was signed by Olive Huang as attorney-in-fact on June 23, 2025.