Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner Byron Deeter Sells Shares
What Happened
Byron B. Deeter, reported as a 10% owner and a partner at Bessemer Venture Partners, sold Class A shares of ServiceTitan (TTAN) in two open‑market transactions. He sold 8,845 shares on June 23 at a weighted average price of $63.35 (proceeds $560,331) and 8,845 shares on June 24 at a weighted average price of $65.26 (proceeds $577,225), for total gross proceeds of about $1,137,556. These were sales (not purchases or option exercises), which are commonly routine portfolio or fund liquidity events.
Key Details
- Transaction dates and prices:
- 2026-06-23: 8,845 shares sold, weighted avg $63.35; price range reported $62.80–$63.75 (total ≈ $560,331). (Footnote F1.)
- 2026-06-24: 8,845 shares sold, weighted avg $65.26; price range reported $65.11–$65.63 (total ≈ $577,225). (Footnote F5.)
- Total shares sold: 17,690; total proceeds ≈ $1.14M.
- Shares owned after transaction: Not specified for the reporting person individually in this Form 4. The filing disclaims direct beneficial ownership of shares held by Bessemer funds (see below).
- Related holdings (per footnote F6): the Bessemer funds hold Class A shares (2,369,286; 2,849,411; and 127,260 shares for the three funds listed).
- Footnotes of note:
- F2/F3: The filing references RSU awards (3,046 RSUs vesting 9/15/2027; 1,891 RSUs vesting 9/15/2026).
- F4: Reporting person agreed to assign rights to any RSUs/stock or proceeds to Deer Management Co. LLC.
- F7: Deeter is a partner at Bessemer and states an indirect, passive economic interest in fund holdings and disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Report filed 2026-06-25 for transactions on 6/23 and 6/24 — appears timely (Form 4 is due within two business days).
Context
These entries are sales by a 10% owner/venture partner and include disclosures that the reporter’s interest may be indirect and passive through venture funds. Such sales are often fund or personal liquidity events and do not on their own indicate the company’s prospects. The filing also documents RSU grants and an assignment of RSU/stock rights to an entity (Deer Management Co. LLC), which may relate to fund or personal arrangements rather than operating-level insider decisions.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-06-23$63.35/sh−8,845$560,331→ 13,782 total - Sale
Class A Common Stock
[F5][F2][F3][F4]2026-06-24$65.26/sh−8,845$577,225→ 4,937 total
Holdings
- 0(indirect: See footnotes)
Class A Common Stock
[F6][F7]
Footnotes (7)
- [F1]On June 23, 2026, the Reporting Person sold 8,845 shares of Class A Common Stock. These shares were sold at a weighted average price of $63.35. These shares were sold in multiple transactions at prices ranging from $62.80 to $63.75. 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]Includes an award of 3,046 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.
- [F3]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
- [F4]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.
- [F5]On June 24, 2026, the Reporting Person sold 8,845 shares of Class A Common Stock. These shares were sold at a weighted average price of $65.26. These shares were sold in multiple transactions at prices ranging from $65.11 to $65.63. 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.
- [F6]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.
- [F7]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.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-06-25