Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) Byron Deeter Reports Fund Share Sales
What Happened
- Byron Deeter, reported as a 10% owner and partner at Bessemer Venture Partners, filed a Form 4 showing sales of ServiceTitan (TTAN) Class A shares by Bessemer-managed funds. The Form 4 itself lists 0 shares disposed by Deeter (he disclaims direct beneficial ownership), but footnotes disclose that the Bessemer funds sold a total of 393,795 shares across June 26 and June 29.
- Sales detail: June 26 sales totaled 283,203 shares at a weighted average price of $68.58 (range $68.38–$69.20), and June 29 sales totaled 110,592 shares at a weighted average price of $69.85 (range $69.85–$69.95). Proceeds are roughly $27.1 million in aggregate. The filing states the reporter will provide per-price breakouts on request.
Key Details
- Transaction dates and prices:
- June 26, 2026 — 283,203 shares sold by Bessemer funds; weighted avg $68.58 (range $68.38–$69.20).
- June 29, 2026 — 110,592 shares sold by Bessemer funds; weighted avg $69.85 (range $69.85–$69.95).
- Shares owned after transactions (by the named Bessemer funds): BVP VIII — 2,189,269 shares; BVP VIII Inst — 2,632,904 shares; 15 Angels II LLC — 117,512 shares.
- Footnotes / ownership: Deeter is a partner at Bessemer and has an indirect, passive pecuniary interest in the shares through Bessemer funds; he disclaims direct beneficial ownership except to the extent of any pecuniary interest.
- Other notes: The filing also discloses RSU awards (3,046 RSUs vesting 9/15/2027 and 1,891 RSUs vesting 9/15/2026) that the Reporting Person assigned to Deer Management Co. LLC. The reporter offers to provide detailed per-price sale information on request.
- Timeliness: Form 4 was filed on 2026-06-30 for transactions on 2026-06-26 and 2026-06-29, and was filed within the typical two-business-day reporting window.
Context
- These sales were executed by institutional Bessemer funds, not as direct open-market sales by Deeter personally; for retail investors, institutional fund exits can reflect portfolio rebalancing or liquidity needs rather than an individual director/officer view.
- The Form 4 shows Deeter’s connection via fund ownership and partnership; he disclaims beneficial ownership of the sold shares except for any indirect pecuniary interest.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F7]2026-06-26−0→ 0 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F3][F2][F7]2026-06-29−0→ 0 total(indirect: See Footnotes)
Holdings
- 4,937
Class A Common Stock
[F4][F5][F6]
Footnotes (7)
- [F1]On June 26, 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 125,513 shares, 150,948 shares and 6,742 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $68.58. These shares were sold in multiple transactions at prices ranging from $68.38 to $69.20. 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]On June 29, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 49,014 shares, 58,946 shares and 2,632 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $69.85. These shares were sold in multiple transactions at prices ranging from $69.85 to $69.95. 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.
- [F4]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.
- [F5]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
- [F6]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.
- [F7]After the June 26 and June 29 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 2,189,269 shares, 2,632,904 shares, and 117,512 shares of Class A Common Stock, respectively.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-06-30