Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) — Byron B. Deeter (Bessemer Partner) Sells Shares
What Happened
- Byron B. Deeter, a partner at Bessemer Venture Partners who reports an indirect, passive interest in certain Bessemer funds, filed a Form 4 disclosing sales of ServiceTitan (TTAN) Class A shares by the Bessemer funds. Footnotes show the funds sold a total of 160,640 shares across June 30 and July 1, 2026, for an aggregate proceeds of roughly $11.6 million (June 30: 93,728 shares at a $69.97 weighted average ≈ $6.56M; July 1: 66,912 shares at a $74.63 weighted average ≈ $4.99M). The reporting person states he disclaims beneficial ownership of those shares except for any pecuniary interest.
Key Details
- Transaction dates and price ranges:
- June 30, 2026: Bessemer funds sold 93,728 shares at a weighted average $69.97 (range $69.70–$70.62).
- July 1, 2026: Bessemer funds sold 66,912 shares at a weighted average $74.63 (range $74.45–$75.39).
- Total reported sold: 160,640 shares; estimated total proceeds ≈ $11.55M.
- Reporting person’s direct Form 4 shows 0 shares disposed (he has an indirect interest via Bessemer funds and expressly disclaims direct beneficial ownership — see footnote F2).
- Post-trade holdings (per filing for prior June 26/29 trades): BVP VIII owned 2,118,075 shares, BVP VIII Inst 2,547,283 shares, 15 Angels 113,687 shares (per footnote F7).
- No indication in the filing that the report was late.
Context
- These are institutional fund sales reported by a partner with an indirect interest, not direct executive trading; the filer disclaims beneficial ownership except for any pecuniary interest. Institutional sells often reflect portfolio/liquidity actions rather than insider views; the filing provides per‑price breakdowns on request.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F7]2026-06-30−0→ 0 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F3][F2][F7]2026-07-01−0→ 0 total(indirect: See Footnotes)
Holdings
- 4,937
Class A Common Stock
[F4][F5][F6]
Footnotes (7)
- [F1]On June 30, 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 41,539 shares, 49,957 shares and 2,232 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $69.97. These shares were sold in multiple transactions at prices ranging from $69.70 to $70.62. 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 July 1, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 29,655 shares, 35,664 shares and 1,593 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $74.63. These shares were sold in multiple transactions at prices ranging from $74.45 to $75.39. 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 2,118,075 shares, 2,547,283 shares, and 113,687 shares of Class A Common Stock, respectively.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-07-02