Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner Byron Deeter Sells Shares
What Happened
- Byron B. Deeter, a partner at Bessemer Venture Partners and reported 10% owner related to ServiceTitan (TTAN), is linked to sales of Class A common stock by Bessemer-affiliated funds. Footnotes to his Form 4 show Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC sold 5,490; 6,613; and 374 shares, respectively — 12,477 shares total — at a weighted average price of $70.54 (prices ranged $70.50–$71.03), for roughly $880k in proceeds. The transaction line in the filing lists 0 shares @ $0 because Deeter reports only an indirect, passive pecuniary interest in the funds’ holdings and disclaims beneficial ownership except to the extent of any pecuniary interest.
Key Details
- Transaction code: S (Sale). Sales occurred in multiple transactions on June 15, 2026 (period of report dated 2026-06-11; Form filed 2026-06-15).
- Price range and average: $70.50–$71.03; weighted average $70.54.
- Shares sold by fund: BVP VIII — 5,490; BVP VIII Inst — 6,613; 15 Angels — 374 (total 12,477).
- Shares owned after sales (per filing): BVP VIII — 2,369,286; BVP VIII Inst — 2,849,411; 15 Angels — 127,260.
- Other items disclosed: Deeter received 1,891 RSUs as a non‑employee director award (vests 9/15/2026) and agreed to assign rights to Deer Management Co. LLC; he also received 17,690 Class A shares in pro rata distributions from Bessemer funds on 3/26/2026.
- Beneficial ownership: Deeter states an indirect, passive economic interest via his partnership interests and disclaims beneficial ownership of the funds’ securities (see footnote F2).
- Timeliness: Form filed after the reported transaction date (filed 6/15 for a 6/11/2026 period), which is noted as late filing — reduces near‑term transparency.
Context
- This is a sale by investment funds affiliated with Deeter, not an explicit personal open‑market sale by him. For 10% owners or partners at venture firms, reported sales often reflect institutional liquidity decisions rather than direct insider sentiment. The filing’s footnotes provide the detailed breakdown and Deeter’s limited/pas sive economic interest; request the filer or SEC staff for per‑price breakdown if needed.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-06-11−0→ 0 total(indirect: See footnote)
Holdings
- 19,581
Class A Common Stock
[F4][F5][F6]
Footnotes (6)
- [F1]On June 15, 2026, 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 5,490 shares, 6,613 shares and 374 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $70.54. These shares were sold in multiple transactions at prices ranging from $70.50 to $71.03. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]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.
- [F3]After the sales, BVP VIII, BVP VIII Inst, and 15 Angels, own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively.
- [F4]Includes an award of 1,891 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock
- [F5]The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.
- [F6]Includes 17,690 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Funds on March 26, 2026, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-06-15