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ServiceTitan, Inc.·4

Jun 25, 4:05 PM ET

Deeter Byron B 4

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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.