Servicetitan SEC Filings

Form 144 highlights for ServiceTitan, Inc. (Ticker: TTAN) reveal that venture-capital affiliate Bessemer Venture Partners VIII L.P., a 10 % beneficial owner, has filed to sell up to 55,400 Class A common shares through Merrill Lynch on or about 26 June 2025. At the filing’s quoted price, the block is valued at $588,920.46, representing roughly 0.96 % of the 5.77 million Class A shares outstanding.

The filing also discloses sizeable recent insider dispositions over the last three months:

• 221,596 shares sold for $22.60 million (10 June 2025) by BVP VIII L.P.
• 266,502 shares sold for $27.18 million (10 June 2025) by BVP VIII Institutional L.P.
• 11,902 shares sold for $1.21 million (10 June 2025) by 15 Angels II LLC.
• 5,559 shares sold for $0.59 million (25 June 2025) by BVP VIII L.P.
• 6,685 shares sold for $0.70 million (25 June 2025) by BVP VIII Institutional L.P.
• 299 shares sold for $0.03 million (25 June 2025) by 15 Angels II LLC.

The cumulative disclosed disposals total 512,443 shares for gross proceeds of approximately $52.79 million during June 2025 alone, indicating an ongoing liquidity programme by Bessemer-affiliated funds. All shares were originally acquired via a private purchase on 20 March 2015 and paid for in cash.

No material adverse information was asserted by the filer, and the signatory (Augie Wilkinson) affirmed compliance with Rule 10b5-1. Nevertheless, the planned sale contributes to potential supply overhang and may influence near-term share-price dynamics.

ServiceTitan, Inc. (TTAN) – Form 144 filing dated 06/26/2025

The notice discloses that 15 Angels II LLC, identified as a 10 % shareholder of ServiceTitan, intends to sell 2,975 Class A common shares through Merrill Lynch Pierce Fenner & Smith. The proposed sale is scheduled to begin on 06/26/2025 on the NASDAQ market. At the most recent market price used in the filing, the aggregate value of the planned sale is approximately $309,876. ServiceTitan has 77,266,756 Class A shares outstanding, so the contemplated sale represents roughly 0.004 % of the float.

The filing also lists sales executed during the past three months by related entities, including Bessemer Venture Partners VIII funds and 15 Angels II LLC, totaling 517,543 shares and gross proceeds of ≈ $51.8 million. No material adverse, undisclosed information was acknowledged by the signer, Augie Wilkinson, per Rule 144 requirements.

Key Takeaways:

• Routine secondary sale by an existing large shareholder; no new shares are being issued by the company.
• Transaction size is immaterial relative to shares outstanding.
• Filing does not provide operational or financial performance data.

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.

Enterprise Bancorp Inc. (EBTC) – Form 4 insider filing

Director Carole A. Cowan reported the disposition of her entire 27,395.6835-share holding of EBTC common stock on 07/01/2025. The transaction was coded “D” because it was executed automatically at the closing of the previously announced merger between Enterprise Bancorp and Independent Bank Corp. Under the Merger Agreement, each EBTC share converted into (i) $2.00 cash and (ii) 0.60 shares of Independent common stock, with cash paid in lieu of fractional shares. The filing shows zero EBTC shares remaining in Cowan’s direct ownership, confirming that all unvested restricted shares vested and were included in the conversion.

The form contains no derivative securities activity and no subsequent EBTC ownership. The transaction reflects completion of the merger rather than discretionary trading, and therefore has limited standalone market impact beyond confirming the deal’s consummation.

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.