Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner Byron Deeter Receives RSU Award
What Happened
Byron B. Deeter, listed as a 10% owner and a partner at Bessemer Venture Partners, received a grant of 3,046 restricted stock units (RSUs) from ServiceTitan (TTAN) on 2026-06-17. The RSUs were granted at $0.00 (no cash paid) and represent a contingent right to receive one share of Class A common stock per RSU when vested. This is a compensation award (not an open‑market purchase or sale) rather than a trading signal.
Key Details
- Transaction date: 2026-06-17; Form 4 filed 2026-06-18 (timely).
- Grant: 3,046 RSUs at $0.00 (transaction code A). Total present cash value at grant: $0.
- Vesting: Includes 1,891 RSUs that vest in full on Sept 15, 2026; remaining RSUs vest in full on Sept 15, 2027.
- Assignment: Deeter agreed to assign any RSUs or shares/proceeds to Deer Management Co. LLC (DMC).
- Ownership disclosure: Footnotes show certain Bessemer funds hold large blocks of Class A shares; Deeter is a partner with an indirect, passive economic interest and disclaims beneficial ownership of funds’ securities except for any pecuniary interest. The filing does not state Deeter’s total shares beneficially owned after this grant.
- Filing status: Timely (no late filing flag).
Context
RSUs are a form of equity compensation that convert to shares only upon vesting; they do not involve cash outlay at grant and do not indicate an immediate buy/sell decision. The assignment to DMC and Deeter’s partner role at Bessemer mean these awards may be managed or held via affiliated entities rather than representing direct, retail-style insider buying.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2][F3]2026-06-17+3,046→ 22,627 total
- 0(indirect: See footnotes)
Class A Common Stock
[F4][F5]
Footnotes (5)
- [F1]Represents an award of restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2027, 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.
- [F2]Includes an award of 1,891 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
- [F3]The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any RSUs or Class A Common Stock issuable pursuant to these grants or any proceeds from the sale thereof.
- [F4]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"), own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively.
- [F5]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.