Deeter Byron B 4

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.